Fincantieri's First Half 2012 Results Confirm Positive Strengths

Press Release
Tuesday, July 31, 2012

First half year 2012 financial results confirm the Italian shipbuilder's positive operating performance

Highlighted in the report were:

    •            Profit from ordinary operations at euro 26 million (16 million at 30/6/11, +62.5%)
    •            EBITDA at euro 68 million (59 million at 30/6/2011, +15.2%) with 5.5%
    •            Revenues at euro 1,233 million (1,176 million at 30/6/11, +4.8%)
    •            Cash surplus of euro 909 million, versus euro 166 million at end 2011
    •            Order portfolio at euro 7,069 million (7,920 million at 30/6/11)

Giuseppe Bono, Fincantieri Chief Executive Officer, commented: "We are pleased with these results, giving cause for optimism to the company and its employees. The ongoing reorganization process, initiated thanks to an agreement with the unions and the government, is proving its worth. The acquisition of the latest orders from Viking Ocean Cruises and Société des traversiers du Quebec also testify to the foresight of company policies, aimed at seeking new customers and new markets with exceptionally innovative products."


 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Bunkers International Files for Bankruptcy

U.S. based bunkering services firm Bunkers International Corp. announced August 28 that it has filed for reorganization under Chapter 11 of the Bankruptcy Code.

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

Greek Coastguard Rescues 2,500 over Three Days

Greece's coastguard has rescued about 2,500 migrants and refugees off the country's eastern islands over the past three days, authorities said on Monday, as the

People in the News

Bollinger VP Fanguy Snags SNAME Award

Louisiana-based shipbuilder Bollinger Shipyards, LLC announced its vice president for quality management system, Dennis Fanguy, will receive the 2015 William M.

Harkand: Expanding the Fleet, Growing a Global Business

International inspection, repair and maintenance (IRM) company Harkand aims to be a $1 billion company. MR’s Tom Mulligan recently met with John Reed, the company’s CEO,

BIMCO Outlines LIS Week Schedule

BIMCO’s breakfast brief, titled “The Future Of Maritime Security” is aimed at CEOs and Directors who will have an opportunity to hear more on the latest threats

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1256 sec (8 req/sec)