Ansaldo STS is a public company listed on the Milan Stock Exchange the Italian Stock Exchange, included on STAR segment and listed on FTSE Italia Mid Cap, with subscribed and paid in capital amounted to €100,000,000.00 represented by 200,000,000 ordinary shares from the nominal value of €0.50 each. Ansaldo STS is a leading company operating in the sector of high technology for railway and urban transport. The Company operates in the design, implementation and management of systems and services for signalling and supervision of railway and urban traffic, as well as lead contractor.
Ansaldo STS is headquartered in Genoa and has over 3,951 employees in 28 different countries. The 51% of the share capital is held by Hitachi Rail Italy Investments shareholder.
The company has an international geographical organization present in: Central and Eastern Europe and the Middle East, Western Europe and North Africa, the Americas, Asia and the Pacific.
Main results 2016 (as per the proposal submitted to the Shareholder's Meeting)
New orders amount to 1,475.8 million compared with 1,336.0 million in 2015, with an increase of 10.5%.
Order Backlog is 6,488.4 million compared with 6,410.4 million of last year (+1.2%).
Revenue is EUR 1.327,4 million, decreased compared with the previous year’s value of EUR 1.383,8 million (-4.1%). The revenue decrease is due to shift to 2017 of some new orders and the completion of significant contracts in Asia Pacific region, which has been only partially compensated by the volumes realized on contracts acquired in the last years.
Operating income (EBIT) is EUR 126.8 million, a decrease of 6.6% compared with 2015 (135.5 million). Return on sales (ROS) is 9.6%, decreased compared with the previous financial year (9.8%). The reduction in operating income is mainly due to lower revenues, compensated by the better mix of the projects in the period, to the final settlement of the arbitration findings with the Russian customer on the Libyan contract (EUR 8.1 million) and to the transaction costs associated with the resignation of strategic managers (EUR 2.4 million).
Net invested capital at December 31st 2016 is EUR 369.8 million, compared with EUR 316.4 million in the previous year.
Net working capital is EUR 102.5 million (64.5 million in 2015) mainly due to a reduction on progress payments and advances from customers.
Net Financial Position (positive net cash), amounts to EUR (338.0) million in line with 2015 EUR (338.7) million with the Free Operating Cash Flow at EUR 37.9 million compared to EUR 87.7 million in 2015. As regards the FOCF and the NFP to be highlighted that, in October 2016, the Company reimbursed the Russian client ZST with its share of the advance payment, in addition to legal expenses and accrued interests up to the return date (37.4 million).
The group’s headcount increased by a net 179 employees to 3,951 from 3,772 at 31 December 2015.