14 March 2018, 16:15 pm
  • New orders of EUR 1,500.8 million (+1.7%)
  • Order Backlog at December 31st 2017 of EUR 6,457.5 million (-0.5%)
  • Revenue at EUR 1,361.0 million (+2.5%)
  • EBIT at EUR 100.8 million (-20.5%)
  • ROS 7.4% (-2.2 p.p.)
  • Consolidated Net Result of EUR 64.9 million (-16.7%)
  • Free Operating Cash Flow (FOCF) at EUR 30.6 million (-19.4%)
  • Net Financial Position, positive net cash, at EUR (357.5) million, in increase compared to the previous year 2016 of EUR (338.0).
  • Total dividend amount of EUR 30 million (EUR 0.15 per share) proposed to the Shareholders’ Meeting
  • Corporate Governance Report approved
  • 2018 Guidance approved

The Ansaldo STS S.p.A. (STS.MI) Board of Directors meeting, held today, approved by majority the draft financial statements for 2017 that will be presented at the Ordinary Shareholders’ Meeting.

The Board also approved by majority the Ansaldo STS Group’s consolidated Financial Report on December 31st 2017.

The Board of Directors of Ansaldo STS S.p.A. resolved to convene the Shareholders' Meeting of the Company, for May 10th 2018 in a single call.

The call notice, the explanatory reports prepared pursuant to art. 125-ter TUF and art. 84-ter of Regolamento Emittenti, as well as the additional documentation relating to the Shareholders' Meeting, will be made available to the public within the terms and with the procedures established by current legislation.

The 2017 financial year ended with a Consolidated Net Result of EUR 64.9 million compared to EUR 77.9 million in 2016.

The Board has decided to propose to the Ordinary Shareholders' Meeting a dividend distribution of EUR 0.15 for each of the shares with dividend rights (i.e. for each outstanding share on the coupon date, excluding own shares held on that date), gross of withholding taxes pursuant to the law. The total value of the proposed dividends is EUR 30 million.

The dividend will be paid, if approved by the Shareholders' Meeting, starting from May 23rd 2018 (payment date), with coupon date (coupon no. 15) set at May 21st 2018 (ex date).

Ansaldo STS S.p.A. Shareholders at the close of business on May 22nd 2018 (record date) will be entitled to the dividend.

With regard to the purchase and disposal of own shares, the Company's Board of Directors resolved to request a new authorization from the Shareholders' Meeting so that it can purchase and dispose of the shares purchase, in compliance with current legislation and in particular by (EU) Regulation no. 596/2014, at the service of the share incentive plans approved by the Company.

The purchase authorization of own shares is required for a period of 18 months starting from the approval of the Shareholders' Meeting. Authorization for the disposal is requested without time limits. Purchases can be made in one or more times up to a maximum of n. 251,000 ordinary shares, corresponding to 0.125% of the share capital. Therefore, considering the current listing of the Ansaldo STS share on the Milan Stock Exchange, the potential maximum purchase disbursement for the transaction is estimated at around EUR 3,117,000.

The purchase transactions will be carried out in compliance with the provisions of art. 132 of Legislative Decree 58/1998, by art. 144-bis of Regolamento Emittenti and any other applicable Italian or European legislation, as well as the admitted market practices recognized by Consob and must be carried out at price conditions compliant with the provisions of art. 3 paragraph 2 of Regolamento Delegato (EU) no. 2016/1052 of the European Commission of 8 March 2016.

The shares to service the share incentive plans approved by the Company will be assigned in the manner and within the terms indicated by the regulations of the plans themselves.

To date, the Company does not hold any own shares.

The Chief Executive Officer and General Manager, Andy Barr commented: " 2017 has been an important year, underlying performance has been good and the impact of isolated contract problems in Northern Europe has been contained. I am particularly pleased with the work of my team and would like to thank all the staff for their effort in reaffirming the Company’s commitment to being a reliable partner to many of the major rail and transit authorities worldwide.