Finmeccanica: net profit in 2015 rose to 527 million from 20 million -2- – BBC

19:44 Strong growth also gains from disposals and Drs Transport (Il Sole 24 Ore Thomson Plus) – Rome, 16 Mar – the slight drop in orders and ” due to the decrease recorded in Helicopters and Aeronautics – which suffer from a few slips of Defense orders and the moment of crisis of some markets, particularly the Oil & amp; Gas for helicopters – basically offset by the significant increase recorded from Electronics for Defence and Security, attributable to a strong commercial performance of DRS, also in international markets, and significant orders in Selex ES ( among which we point out that for naval systems of national programs, which also benefited from the Defence systems), as well as by the favorable shift. the ‘book-to-bill’ (orders / revenue ratio) – continued note – stood at 0.95, down slightly compared to 2014 (when it stood at 0.99). ” The slight increase in revenues and ” substantially attributable to a more ‘high value of the dollar / euro exchange rates and sterling / euro, which benefited the Defence Electronics and Security – especially Drs – and, to a lesser extent , Helicopters “. The “significant growth” of profitability ‘, “which highlights the success of the initiatives undertaken for the improvement of industrial processes and the rationalization of expenditure, and’ due in particular Defence Electronics and Security, by virtue ‘than expected improvement of profitability ‘in certain business areas of the Systems Division for Security and Information and the benefits from restructuring, and the efficiency of the current structures and industrial processes “. “As I note also the result of the Air, supported by the increased contribution of ATR, thanks to a positive impact of the dollar / euro exchange rate, as well as the increasingly strong performance of Helicopters”, while “the decline of Space and ‘attributable to charges detected on a specific program. ” The strong growth of the ordinary net profit (253 million) and ‘due to the aforementioned improvement in EBIT “(+ 48.1% to 884 million) and” lower financial charges “, only partially offset by the increase in taxes (attributable the effects on taxation ‘of the deferred tax rate reduction expected from 2017, partially offset by a lower incidence of IRAP following the revision of the tax base, and to cover tax risks provisions) “. The net result benefits “even the gain recognized on the sale in the Transport (248 million), as well as the results of the activities ‘sold until the closing date and the gain realized by Drs when the activities’ minor assignment. The trend cash in 2015 showed significant progress compared to the same period last year, an improvement concentrated in particular in the Defence and Security and in helicopters. ” “The workforce at 31 December 2015 stood at 47,156 units’ with a net reduction of 7,224 units’ compared to 54,380 units’ to 31 December 2014 due mainly to the deconsolidation of the transport sector”. Com-Zam (RADIOCOR) 16/03/16 19:44:22 (0740) 5