11 February 2015, 14:45 pm

Genoa, February 11, 2015

  • New orders at euro 1,825.0 million
  • Order backlog at euro 6,120.8 million
  • Revenue of euro 1,303.5 million
  • EBIT of euro 124.5 million, EBIT margin (ROS) of 9.6%
  • Free operating cash flow (FOCF) euro 75.7 million
  • Net Financial Position of euro (293.4) million, net cash positive

The Board of Directors of Ansaldo STS (STS.MI) - a Finmeccanica company - has examined today the preliminary estimates of the company’s main results concerning the 2014 consolidated financial statements:

New orders +23%, at 1,825.0 million (1,483.6 million at 31/12/2013);
Order backlog +10%, at 6,120.8
million (5,567.3 million at 31/12/2013);
Revenue +6%, at 1,303.5
million (1,229.8 million at 31/12/2013);
EBIT +6.4%, at 124.5
million (117.0 million at 31/12/2013);
EBIT margin (ROS) is 9.6%
(9.5% at 31/12/2013);

Free operating cash flow (FOCF) is 75.7 million, 66.4 million better compared with 9.3 million in 2013, which included the advance payment partial reimbursement related to a Libyan contract, for a value of approximately euro 41 million.

Net Financial Position +19.5%, of (293.4)
million ((245.5) million at 31/12/2013), net cash positive.

(data 2013 restated following IFRS11)

Stefano Siragusa, Chief Executive Officer and General Manager of Ansaldo STS, expressed his "satisfaction for the results obtained in such a competitive and complex market situation"
This preliminary data is in line with guidance provided for 2014, with improvements in New orders, Order backlog and EBIT margin (ROS).

2015 Guidance

According to Company’s performance and market outlook, Ansaldo STS Board of Directors also approved the 2015 Guidance:

New orders: 1,600 – 2,000 million
Order backlog: 6,300 – 6,800 million
Revenue: 1,300 – 1,400 million
ROS: about 9.6%
Net Financial Position (positive net cash): (280) – (320) million