Ansaldo STS SpA announced consolidated and parent earnings results for the year ended December 31, 2012. For the year, on consolidated basis, the company reported profit of EUR 75.7 million or EUR 0.51 earnings per share on revenue of EUR 1,247.8 million compared to profit of EUR 73.1 million or EUR 0.48 earnings per share on revenue of 1,211.9 million of prior year. EBIT was EUR 117.1 million against EUR 116.1 million of prior year. Cash flow generated by operating activities was EUR 44.0 million against EUR 17.4 million of prior year.

For the year, parent company reported net profit of EUR 50.7 million on revenue of EUR 657.4 million compared to net profit of EUR 53.3 million on revenue of EUR 722.4 million of prior tear. Adjusted EBIT was EUR 71.4 million against EUR 88.5 million of prior year. Net debt was EUR 183.9 million versus EUR 38.2 million. Cash flow generated by operations was negative at EUR 19.5 million against positive EUR 29.3 million of prior year.

The Board of Directors has decided to propose to the shareholders' meeting a dividend of EUR 0.18 for each share with dividend rights, gross withholding tax, compared with EUR 0.175 per share of the previous year (amount restated after the third tranche of the capital increase of July 9, 2012, which increased the number of shares from 140 to 160 million). The dividend will be payable as from May 23, 2013, with an ex-dividend date May 20, 2013 (coupon no. 9) with a payout ratio of 38.1% of consolidated profit of the year, compared to 38.3% in 2011. Pursuant to art. 83-terdecies of the Legislative Decree no. 58 February 24, 1998, will be entitled to the dividend those who will be shareholders of Ansaldo STS SpA at the end of the accounting day of May 22, 2013 (the record date).

The company provided revenue guidance for 2013. The company expects revenue to be in the range of EUR 1,250 million – EUR 1,350 million.

During the Board of Directors meeting, Dr. Alessandro Pansa has communicated to the Board of Directors and to the Chairman of Board of Statutory Auditors the decision to resign from Chairman and member of the Board of Directors of Ansaldo STS SpA, with effect from the end of the Shareholders meeting called to approve the financial statements at December 31, 2012. These resignations were made on the basis of the position of Chief Executive Officer of Finmeccanica SpA taken by Dr. Pans with effect from February 13, 2013 - which was added to the position of General Manager held within the same parent company - and the resulting extra work required.