Independent journal on economy and transport policy
11:49 GMT+1
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VARD (Fincantieri group) nozzle a profit warning relative to the results of the third trimester and entire 2015
Impact negative determined from the operating difficulties of the Brazilian yards and from the difficult political-economic context of the South American nation
October 15, 2015
Norwegian VARD, naval societies of the navalmeccanico group Italian Fincantieri specialized in the unit construction and structures for the industry of the oil and the gas, have communicated today that the results of the third trimester of this year and of the entire exercise anniversary 2015 will introduce inferior figures regarding those waits by analysts.
In the announcement of profit warning the Norwegian company detailed list that, "with reference to how much official notice in first and according to trimester 2015 with respect to the operating difficulties of the Brazilian yards of the group and united to the current difficult Brazilian political-economic context, VARD previews that own relative economic and financial results to the third trimester and entire exercise 2015 will endure an impact meaningful negative".
VARD has remembered that the details on the performance of the group will be communicated in occasion of the publication of the results for third previewed trimester 2015 for next 11 November.
Making reference profit warning today's the Fincantieri group, to the aim to allow a correct appraisal of the impact on the same company, it has remembered that the Italian group possesses 55.63% of the VARD capital and of it consolidates integrally the results. Moreover Fincantieri has remembered that in the first semester of the 2015 revenues of VARD they have represented 27.5% of the consolidated revenues of Fincantieri and almost 100% of the revenues of the Offshore segment of Fincantieri. The date of approval of the intermediate report of management on September 30, 2015 by the board of directors of Fincantieri is fixed for next 10 November.
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Norwegian VARD, naval societies of the navalmeccanico group Italian Fincantieri specialized in the unit construction and structures for the industry of the oil and the gas, have communicated today that the results of the third trimester of this year and of the entire exercise anniversary 2015 will introduce inferior figures regarding those waits by analysts.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
