Ansaldo STS the board approves the quarterly results to 30 june 2007

THE BOARD APPROVES THE QUARTERLY RESULTS TO 30 JUNE 2007

• Net profit at EUR 19.5 million (+72.6%); value of production at EUR 257.7
million (+9.2%); EBIT at EUR 26.8 million (+27.6%); new orders for the
quarter of EUR 384.0 million (-10.3%); order backlog of EUR 2,487.7 million
(+1.7%); positive cash position of EUR 184.7 million (+1.7%).
• In 1H07, group net profit rose by 78%, value of production by 4.3% and
EBIT by 25.8%.
• Emmanuel Viollet appointed CEO of Union Switch & Signal Inc.
• Financial calendar updated.
The board of directors of Ansaldo STS (STS.MI), headed by Alessandro Pansa, has approved the quarterly results to 30 June 2007, which showed an improvement compared to the same period last year.

SECOND-QUARTER 2007 RESULTS
In 2Q07, the Ansaldo STS group registered an increase in value of production of 9.2%, from EUR 235.9 million in 2Q06 to EUR 257.7 million. The increase was due to growth in the Signalling Unit of EUR 25.2 million, which amply offset the fall of EUR 3.5 million in Transport Systems.
EBIT rose to EUR 26.8 million, from EUR 21 million in 2Q06 (including extraordinary listing costs). By business, Signalling generated EBIT of EUR 25.1 million, up from the figure of EUR 17.3 million in the same period last year, while EBIT in Transport Systems came in at EUR 7.2 million, versus EUR 7.4 million in 2Q06.
Consolidated net profit for the quarter jumped 72.6%, from EUR 11.3 million in 2Q06 to EUR 19.5 million.
Research and development costs totalled EUR 11.5 million in the second quarter of 2007, up from EUR 10.9 million in the same period of 2006.
New orders fell 10.3%, from EUR 428.2 million to EUR 384 million. This was mainly
due to the exceptional trend of Italian orders registered in 2Q06. The market remains
dynamic, however, and offers opportunities that will allow Ansaldo STS to offset
during this year the decline in orders registered in the second quarter.