Finmeccanica confirms decline after results, weigh realize – Reuters Italy

       

MILAN, March 18 (Reuters) – Finmeccanica volatile after the publication of the results in 2014 with the title that immediately after the announcement of the data reduces losses but then back on negative levels of the morning.

       

According to traders, the results are broadly in line with expectations, even if someone mentions a disappointing guidance, but to influence the performance of the stock are the profit-taking, after a gain of about 50% year to date.

       

At about 15.40 Finmeccanica, worst title of the FTSE MIB, was down 4.2% at 11.13 euro com volumes lively, approximately 5 million pieces treated above the daily average of the last thirty session 4.1 million.

       

The FTSE Mib yields about one percentage point in a session where predominate realized on securities that have grown the most in recent months.

       

“The results are quite in line with expectations, maybe a little bit worse, but I do not think this is the reason of the decline of the title, but rather of profit taking,” said a trader.

       

For another trader “the guidance is weaker than we expected.”

       

The 2014 is closed for Finmeccanica with a net profit of 20 million from 74 million in 2013.

       

The net ordinary was 70 million compared with a loss of 649 million in 2013, while the EBITA amounted to 1.080000000000.

       

For the current year, the company expects revenues to 12,000,000,000 to 12.5000000000 and an EBITA in 1.080000000000 to 1.130000000000 and debt to about 3.4 billion. More …