Last €7.15 EUR
Change Today -0.01 / -0.14%
Volume 2.5M
FNC On Other Exchanges
Symbol
Exchange
BrsaItaliana
OTC US
OTC US
Frankfurt
As of 11:30 AM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

finmeccanica spa (FNC) Snapshot

Open
€7.20
Previous Close
€7.16
Day High
€7.24
Day Low
€7.14
52 Week High
07/14/14 - €7.43
52 Week Low
09/3/13 - €3.89
Market Cap
4.1B
Average Volume 10 Days
2.5M
EPS TTM
€-1.01
Shares Outstanding
578.2M
EX-Date
05/19/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FINMECCANICA SPA (FNC)

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finmeccanica spa (FNC) Details

Finmeccanica SpA is engaged in the helicopters, defense and security electronics, aeronautics, space, defense systems, transportation, and other fields in Italy, the United Kingdom, rest of Europe, North America, and internationally. The company manufactures helicopters and rotorcrafts for commercial and military applications; and designs, develops, produces, and supports a range of systems for defense, aerospace, information security and protection, infrastructure, and territory, as well as provides sustainable solutions. It is also involved in the design, development, manufacture, maintenance, and overhaul of civil and military aircrafts, unmanned aerial vehicles, training aircrafts, and aerostructures, as well as turboprop aircrafts. In addition, the company designs and develops space systems to the management of launch services and in-orbit satellite control, including earth observation services, integrated communications, satellite navigation, and localization to scientific programs. Further, it produces small and medium calibre naval guns, artillery to armored vehicles, and guided ammunition to anti-aircraft systems; torpedoes, underwater surveillance sonar systems, and anti-torpedo countermeasure systems for submarines and surface vessels, as well as provides technical support service; and missiles and missile systems for armed forces. Additionally, the company manufactures high-speed trains, diesel and electric locomotives, double-decker electric trains, electric multiple units, diesel multiple units, modern driverless metro systems, and modular light rail vehicles; and buses, as well as designs and supplies traffic management systems, and provides signaling and related services. It is also involved in the design and construction of industrial plants. The company was founded in 1948 and is headquartered in Rome, Italy.

55,690 Employees
Last Reported Date: 08/1/14
Founded in 1948

finmeccanica spa (FNC) Top Compensated Officers

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finmeccanica spa (FNC) Key Developments

Bombardier And Hitachi Are Reportedly Two Frontrunners To Buy AnsaldoBreda

Bombardier Inc. (TSX:BBD.B) and Hitachi Ltd. (TSE:6501) are the two frontrunners to buy Finmeccanica SpA's (BIT:FNC) rail subsidiaries, several sources close to the auction process said. Finmeccanica has been trying to sell AnsaldoBreda S.p.A. together with its profitable rail signals business Ansaldo STS SpA (BIT:STS) for three years, to help reduce net debts of $6.4 billion. The sources said Bombardier and Hitachi are expected to bid for Finmeccanica's rail businesses ahead of an August 29, 2014 deadline. Three other groups are also expected to bid. A spokesman for Finmeccanica, which is being advised on the sale by Mediobanca and UBS, said the process remained open and offers needed to reflect the value of the assets and guarantee investment and development prospects. The sources close to the auction process, who declined to be named because the talks are private, said Bombardier and Hitachi had the most overlap with train builder AnsaldoBreda. Several sources said Bombardier was well-placed to win because it already works with AnsaldoBreda. Representatives of Bombardier and Hitachi declined to comment.

Five Likely To Bid fo Finmeccanica SpA's Rail Subsidiaries

Bombardier Inc. (TSX:BBD.B) and Japanese industrial giant Hitachi Ltd. (TSE:6501) are the two front-runners to buy Finmeccanica SpA's (BIT:FNC) rail subsidiaries, several sources close to the auction process said. Finmeccanica has been trying to sell its cash strapped train division AnsaldoBreda S.p.A together with its profitable rail signals business Ansaldo STS Spa (BIT:STS) for three years. The sources said Bombardier and Hitachi are expected to bid for the Italian group's rail businesses ahead of an August 29, 2014 deadline. Three other groups, Thales SA (ENXTPA:HO); Hitachi Ltd. (TSE:6501), Construcciones y Auxiliar de Ferrocarriles, S.A. (CATS:CAF and China CNR Corporation Limited (SHSE:601299), in tandem with its partner Insigma Technology Co., Ltd. (SHSE:600797) are also expected to bid.

Finmeccanica Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Free Operating Cash Flow Guidance for 2014

Finmeccanica announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, revenues were EUR 3,611 million against EUR 3,531 million for the same period in the last year. EBITA was EUR 198 million against EUR 265 million for the same period in the last year. EBIT was EUR 109 million against EUR 111 million for the same period in the last year. Negative net result before extraordinary transactions was EUR 27 million against EUR 72 million for the same period in the last year. Net loss attributable to the owners of the parent was EUR 27 million against EUR 68 million for the same period in the last year. Loss per basic and diluted share was EUR 0.071 against EUR 0.137 for the same period in the last year. Loss per basic and diluted share from continuing operations was EUR 0.071 against EUR 0.143 for the same period in the last year. The free operating cash flow tends to be seasonal and is always negative until the fourth quarter of 2014. For the first half, the company’s revenue was EUR 6,557 million against EUR 6,630 million for the same period in the last year. EBITA was lower at EUR 351 million against EUR 426 million for the same period in the last year. EBIT was EUR 220 million against EUR 241 million for the same period in the last year. Negative net result before extraordinary transactions was EUR 39 million against EUR 70 million for the same period in the last year. Net loss attributable to the owners of the parent was EUR 39 million against EUR 62 million for the same period in the last year. Loss per basic and diluted share was EUR 0.107 against EUR 0.137 for the same period in the last year. Loss per basic and diluted share from continuing operations was EUR 0.107 against EUR 0.150 for the same period in the last year. Group net debt was EUR 4,840 million as at June 30, 2014 against EUR 3,902 million as at December 31, 2013. Funds from operations were EUR 420 million against EUR 580 million for the same period in the last year. Negative free operating cash flow was EUR 1,157 million against EUR 1,196 million for the same period in the last year. The full year of 2014, the group expects to deliver negative free operating cash flow between EUR 250 and EUR 350 million.

 

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FNC

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Valuation FNC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 4.7x
TEV/Sales NM Not Meaningful
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