Ansaldo STS - Unaudited preliminary FY 2016 estimates very positive performance in a transitional year

Milan, January 31st 2017 ---

- Order backlog at EUR 6,488.4 million, +1.2% y/y
- New Orders at EUR 1,475.8 million, +10.5% y/y
- Revenue of EUR 1,327.4 million, -4.1% y/y
- EBIT of EUR 126.8 million, -6.6% y/y. EBIT margin (ROS) at 9.6%, compared to 9.8% in 2015
- Net Result of EUR 77.9 million, -16.3% y/y, equivalent to 5.9% of revenues
- Net Financial Position (cash surplus) of EUR (338.0) million, in line with the 2015 amount of EUR (338.7) million

The Board of Directors of Ansaldo STS (STS.MI) has reviewed the preliminary unaudited estimates of the company’s annual results for 2016 consolidated financial statements, and thank the CEO for the results, achieved despite the final settlement of the arbitration findings with the Russian customer on the Libyan contract and the transaction costs associated with the resignation of strategic managers.