On the day of the publication of the quarterly data and the new business plan, the shares of Ftse Mib fly Unipol (+4,7%), e Unipolsai (+4,9%), while the Ftse Mid Cap is led by Fincantieri (+4,8%), also in this case following the accounts.
UNIPOL, MORE DIVIDEND ARRIVES
Il 2019-2021 plan of the insurance group it envisages a cumulative net profit of 2 billion euros and cumulative dividends of 600 million euros, as well as a solvency ratio between 140% and 160% of the regulatory minimum. The Group's objective is to achieve in 2021 consolidated premium income of €8,7 billion in Non-Life (+€750 million compared to 2018) and €5,0 billion in Life (+€750 million compared to 2018).
With regard to the first quarter, Unipol achieved a consolidated net profit of 171 million euros, more than halved compared to the figure recorded in the same period last year. However, the group explains that "the accounting result for the first quarter of 2018, equal to €472m, was influenced by the capital gain, equal to €309m, generated by the sale, which took place on 29 March 2018, of UnipolSai's investment in Popolare Vita" and that therefore the "normalized result and on a like-for-like basis" was "144 million" in the corresponding period of the previous year".
FINCANTIERI, BOOM IN ORDERS AND REVENUES
Fincantieri, on the other hand, closes the first quarter with a consolidated Ebitda of euro 90 million (against 89 million as at 31 March 2018) and revenues up by 13,0% to 1,385 billion. In the same period, the company acquired orders for 6,5 billion euros, with a historical record of orders in the "cruise" area, and a total order backlog of 34,3 billion, approximately 6,3 times the revenues of the 2018. The backlog as at 31 March 2019 is 30,7 billion (21,8 billion as at 31 March 2018) with 104 vessels in portfolio.
"The results of the first quarter of 2019 strengthen our position as a leading company, capable of rapidly transforming the soft backlog into firm orders", commented the group's CEO Giuseppe Bono, according to whom "the orders for the 11 cruise ships signed in these three months they translate into almost 27 billion euros generated for the benefit of the territories where we are present”.
