Finmeccanica Archive the first nine months of the year with net profits for 160 million euros, against a net loss of 24 million recorded in the same period of 2014. Without considering the transport activities - Ansaldo Breda and Ansaldo Sts, whose sale to Hitachi has just been concluded - the profits still reach 150 million, against the loss of 54 in the period January-September 2014.
As for the turnover, grew by 4,6%, to 9 billion, while Ebita showed a +44,7%, to 745 million. The orders they increased by 2,6%, to 7,79 billion, even if the order backlog fell by 1,8%, to 28 billion. L'net financial debt amounted to 5,12 billion, compared to 5,35 billion in the first nine months of last year and 3,96 billion at the end of 2014.
Meanwhile, in line with "the agreements signed on 24 February and following the distribution of a dividend of 0,15 euros, as communicated on 6 March 2015, the purchase price of the shares of Ansaldo Sts equal to 9,50 euros per share, for a total consideration of 761 million euros for the entire stake sold”, reads a note from Finmeccanica and Hitachi.
The total net consideration paid to Finmeccanica at the closing under the purchase agreement for the current business of Ansaldo Breda, including the real estate assets, amounts to approximately 30 million euros.
Finmeccanica reiterates that, as a result of the deconsolidation of the railway sector, there will be a reduction of around 600 million in debt and a capital gain of around 250 million. Hitachi will launch a mandatory tender offer on the remaining shares of Ansaldo Sts.
