Consolidated Annual Report at 31 December 2011

At 31 December 2011 the Ansaldo STS Group posted net profit of EUR 73,056 thousand compared with EUR 94,908 thousand for the same period last year. Revenue was EUR 1,211,944 thousand compared with EUR 1,283,710 thousand in the previous year. The Group operating revenues stood at 9.6%, as compared with 10.7% in 2010. Orders at 31 December 2011 amounted to EUR 2,163,745 thousand from EUR 1,985,012 thousand at 31 December 2010, up EUR 178,733 thousand (+9%).

It is thus noted that:

• For the Transportation Solutions Business Unit, acquisitions of EUR 1,256,058 thousand mainly relate to the contract for the Driverless Metro in Honolulu, to the extension of the Metro 5 in Milan, and to the Australian project named Rio Tinto.
• For the Signalling Business Unit, acquisitions of EUR 1,045,870 thousand mainly relate to the order for the upgrade of the technological systems of the Turin-Padua line, to the project for the Red Line in Stockholm, to the contract for the designing and construction of the ERTMS Level 2 signalling system for the new Le Mans – Rennes High Speed line in France, and to the order for the technological systems of the Kolkata Metro in India.

The value of backlog at 31 December 2011, equal to EUR 5,452,770 thousand, reflected the performance of acquisitions and rose by 20% from that for the end of 2010, which amounted to EUR 4,551,127 thousand.