Milan, 5 August 2015 – The Board of Directors of Sirti S.p.A., chaired by Angelo Miglietta, approved the operating figures as at 30 June 2015. The results from the half confirmed that the re-launch of the company was progressing in accordance with the goals set out in the business plan, as already seen in the financial statements for the year ended on 31 December 2014.
Principali risultati
- Purchases: Purchase were up +15% for the half compared to the same period of the previous year, resulting in a further strengthening of the consolidated order portfolio, which had already increased +6.5% during 2014.
- Revenues: Production volumes in Italy are up +7% compared to the same half in 2014, continuing the growth trends recorded in the previous two years.
- EBITDA: The consolidated EBITDA before “non-recurring” expenses is in line with the budget and is expected to be up by about 10% on 2014.
- Net profit: In the half revenue growth along with careful cost management allowed the company to break-even on an operational basis for the first time in a number of years.
The telecommunications market: revenues increased by +8% while purchases were up +7% compared to June 2014. Overall, the short and medium term outlook for business with telecommunication operators on the Italian market can be deemed positive in terms of volume growth. This outlook is supported by an increase in investments to build ultra-broadband fixed networks; the government considers this to be a priority to achieve the goals of the Digital Agenda for Europe.
Sirti has also been strategically repositioning itself on this market for the past few years, focusing on providing integrated services and management of customer processes using the end-to-end principle, especially with respect to the development and maintenance of the mobile networks.
There is a good outlook for the transport market, and RFI purchases are positive leading to a portfolio of about 220 million by June. There were good returns also from the railway signalling area, where Sirti has been favourably recognised for the innovative system developed at its Genoa office; this added another 20 million to the portfolio in Italy and led to a first order for a system in Poland.
Orders on the energy market are up compared to the first half of 2014 thanks to a long-term networking, safety and call-centre contract for the national Enel network.
Comments by the Chief Executive Officer
“The results from the half are very encouraging and confirm our market competitiveness” said Stefano Lorenzi, Chief Executive Officer of Sirti. “Since we substantially broke even in this half following our relaunch over the past few years, we are confident that the company will finally turn a profit in the second half”.
Sirti – Established in 1921 (Società Italiana Reti Telefoniche Interurbane), Sirti is a leading technology company in the design and construction of network infrastructures and telecommunication system integration. It acts as a technological advisor and provides consultancy services and innovative solutions to the public and private sector in a number of different areas: Telecommunications, Energy, Infrastructure, ICT and Transport. It has about 3,900 employees, including 2,000 specialised technicians and over 600 university graduates, with 3,773 in Italy and 117 abroad. It also generates work for about 4,000 workers in allied industries. 90% of the staff are divided into three main macro-areas: 400 in the ICT sector, 600 in the energy and transport sector and 2,400 in the telecommunication sector, projecting towards the broadband future. It invested EUR 50 million in 5 years in research and development with about 124 patents and has an engineering and innovation centre employing 100 people.