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22 May 2018 The on-line newspaper devoted to the world of transports 21:35 GMT+2

April 19, 2012

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Original news
RINA has closed 2011 with a turnover of 249 million euros (+21%)

EBITDA to 41 million euros (40 million in 2010). For 2012 a volume of transactions of 300 million is attended

Today the assembly of RINA Spa, holding of Group RINA, has approved of consolidated financial statement 2011 that shows a turnover of 249 million euros, with an increase of supported 21% regarding 2010 from the acquisitions of three Italian companies (Cisqcert Spa, Of Appolonia Spa and Deam Srl) and a foreign (Simtex srl) happened in the course of the year. The EBITDA is piled to 41 million euros regarding 40 million in 2010.

"2011 - it has commented the managing director and president of RINA Spa, Ugo Salerno - have been a memorable year. We have not only celebrated ours 150° anniversary, but at the same time we have transformed Group RINA in a truth integrated with an organization to matrix that affords them to answer at best to the requirements of the customers. We have chosen to grow also for outside lines: the important acquisitions of this year testify the will to increase our competences, to the aim of being anticipate at best on the more strategic markets".

"Although the 2011 has confirmed a still complex year - it has continued Salerno - the outcomes has been positive for we. The turnover has reached 249 million euros with an increment of 21% regarding the year precedence and the EBITDA has arrived to 41 million euros. These results are yield of an intense job of team who has engaged strongly all the resources of the group to which our sincerer appreciation goes. For the 2012 we so expect an ulterior "dimensional jump" from being able to continue on the way of under way increase".

RINA has emphasized that in the 2011 activity of research & development and that dedicated to the formation they have exceeded, respective, 9% of the turnover and the 140,000 hours and that for the 2012 pairs are previewed investments, to confirmation that these activities will cover a strategic role in the next few years also.

In the 2012 Italian classification and accounting firm it previews to realize a turnover of 300 million euros.

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