At the meeting which took place between the group's senior management and the financial community in London today, Ansaldo STS announced it had exceeded the guidance previously disclosed to the market for the current year, and set out its growth targets for 2008-2012. For 2008, the group is targeting organic growth, with revenues projected at EUR 1,060 million, EBIT of EUR 112 million and net profit of EUR 65 million. At the end of the year, the order backlog should be worth around EUR 3,200 million, with new orders at EUR 1,280 million and free operating cash flow of around EUR 25 million.
In recent years, Ansaldo STS has strengthened its role as a global player in its key market, by expanding its rail and metro business in countries experiencing fast growth (China, India, Turkey, Malaysia and South Korea), while consolidating its position in advanced technology sectors such as high-speed rail in Europe. Based on the results obtained in recent years and new valuations of the global market, Ansaldo STS has set the following organic growth targets for 2012.