Fincantieri, results at september 30, 2016

November 12, 2016 – The Board of Directors of FINCANTIERI S.p.A., chaired by Giampiero Massolo, has approved resolutions reveling positive net result at euro 7 million, Business plan targets confirmed, total backlog euro 21.8 billion. During the Board meeting Giuseppe Bono, Fincantieri's Chief Executive Officer, said:
“The very important accomplishments of the first nine months of 2016, together with the operating and financial results achieved, allow us to fully confirm our Business Plan targets. In addition to reaching a record level of backlog as a result of historic commercial milestones like the contract with the Qatari Ministry of Defense, we laid the bases for the entry into the extremely high-potential Chinese cruise market. In order to pursue more efficiently the Group’s goals, support the continuous growth and constant improvement of performances, we have recently made some changes to our organizational structure: we appointed a General Manager, with oversight on the majority of the Group’s divisions, while the cruise business unit remains under my direct responsibility with the aim of addressing more effectively the challenges of this area.” Bono concluded: “The current Group’s performance allows us to affirm today that the expected 2017 results will also be consistent with the targets set out in our Business Plan, which currently sees an almost full revenue coverage following the important order acquisitions over the first nine months of 2016.”

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