Ansaldo STS : The Board of Directors approves Interim Consolidated Report at 31 March 2016
May 05, 2016 at 07:45 pm IST
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London, May 5th 2016
The main first quarter key performance indicators, as detailed in the table below, are the following:
Order backlog at EUR 6,417.3 million (EUR 6,428.4 million at first quarter 2015)
New Orders acquired at EUR 311.3 million (EUR 347.1 million at first quarter 2015)
Revenue of EUR 291.2 million, increased compared with EUR 284.6 million at first quarter 2015
EBIT reclassified of EUR 25.8 million, +8.4% compared with first quarter 2015 (EUR 23.8 million at first quarter 2015). EBIT of EUR 23.4 million
EBIT margin (ROS) reclassified is 8.9%, 50 basis points higher compared with first quarter 2015. (8.4% at first quarter 2015). EBIT margin (ROS) is 8.0%
Net Result reclassified of EUR 21.3 million, +20.3% compared with first quarter 2015 (EUR 17.7 million at first quarter 2015). Net Result of EUR 19.7 million
Net Result reclassified is 7.3% of revenue, 110 basis points higher versus 6.2% at first quarter 2015. Net Result is 6.8% of revenue.
Free operating cash flow (FOCF) reclassified at EUR (6.8) million, compared with EUR 48.2 million of first quarter 2015. Free operating cash flow (FOCF) at EUR (8.5) million
Net Financial Position reclassified (cash surplus/positive net cash) of EUR (330.0) million, compared with EUR (342.5) million at March 2015. Net Financial Position (cash surplus/positive net cash) of EUR (328.3) million
The Board of Directors of Ansaldo STS (STS.MI) has approved today the Interim Consolidated Management Report of the Group at 31 March 2016 and unanimously congratulated the CEO for the significant results achieved not only in the first quarter of 2016, but during all its management.
The Chief Executive Officer and General Manager, Stefano Siragusa, thanking the Board of Directors for support and appreciation, recalled that 'the results are about the entire management team and all the colleagues who, with passion and determination, welcomed the innovative transformation project V2A launched almost three years ago. Ansaldo STS, in just three years, has further strengthened its economic, financial and patrimonial situation: new orders grew by 160%, revenues by about 20%, net result of approximately 80% and cash generation of about 90%.
The Company has achieved levels of efficiency and effectiveness never reached before without penalizing its own future and that of its resources: Research and Development costs increased by about 30%, and due also to this profitability of the Company has grown by about one percentage point. This technological strengthening will allow Ansaldo STS, their professionals, but also Customers and Shareholders all to look with confidence to the future'.
Ansaldo STS S.p.A. published this content on 05 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 May 2016 14:14:02 UTC.
Original documenthttp://www.ansaldo-sts.com/en/arc/press/board-directors-approves-interim-consolidated-report-31-march-2016
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Hitachi Rail STS SpA is an Italy-based technology company engaged the railway and underground transportation sector. The Company designs signals and rail transportation systems. The Companyâs business activities are divided into two business segments: Signalling Unit and Transportation Solutions Unit. The Signalling Unit operates around designing and building rail and subway signaling systems and components. The Transportation Solutions Unit designs and produces integrated transport systems. It plans the integration of the design and construction of the technological elements that create the transport system, including equipment, signaling, power supply, telecommunications and rolling-stock, as well as any other technical items that, together with the foregoing, constitute an integrated transport system.
ANSALDO STS 