The Board of Directors of Fincantieri met today to examine and approve the company and group 2012 financial statements:
The Board of Directors also took note of the resignation of the Chairman Corrado Antonini with effect from 31 December 2012. The new Chairman will be appointed at a later date.
Financial year 2012 closed with a profit in excess of euro 15 million, an improvement on the prior year, and an EBITDA of euro 137 million, with revenues that, despite the industry's continuing difficulties, came in at approximately euro 2.4 billion, of which more than 70% from the export market.
The strength of the Group's capital and financial structure is demonstrated by the fact that Net financial position is a positive euro 480 million, with euro 692 million in available cash, and that Equity amounts to euro 957 million, of which euro 309 million of retained earnings from previous years. The financial statements also include euro 101 million in provisions that are more than adequate to cover specific risks and potential charges.
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