Segment information

With regard to the indicators used by the management to assess the Group’s financial performance, please refer to paragraph 2.4 of the Report on operations.

The Group operates in two different segments: signalling, for inter-city and urban railways, through the Signalling Business Unit and transport systems through the Transportation Solutions Business Unit. For more detailed analysis of the main programmes, outlook, and management indicators for each unit, see the Report on operations by segment.
The results of the business units in the first semester 2011, compared with those for the same period of the previous year, are as follows:

EBIT by Business Unit
30.06.2011 Signalling
Business Unit
Transportation
Solutions
Business Unit
Other activities Eliminations Total
Production Revenues 351,391 226,213 - (8,371) 569,233
Other operating income 6,108 1,827 13,995 (8,882) 13,048
External costs 203,034 181,466 (13,044) (8,748) 362,708
Personnel costs 111,919 23,542 16,479 1 151,941
Other operating expenses 2,910 1,696 13,356 (9,076) 8,886
Amortisation, depreciation and impairment 3,383 201 2,987 - 6,571
EBIT 36,253 21,135 (5,783) 570 52,175
EBIT by Business Unit
30.06.2010 Signalling
Business Unit
Transportation
Solutions
Business Unit
Other activities Eliminations Total
Production Revenues 381,728 222,011 - (19,033) 584,706
Other operating income 2,715 1,905 13,807 (8,878) 9,549
External costs 214,404 186,680 (10,901) (19,062) 371,121
Personnel costs 117,936 17,517 17,008 - 152,461
Other operating expenses 1,985 1,381 11,982 (8,878) 6,470
Amortisation, depreciation and impairment 3,371 180 2,977             - 6,528
EBIT 46,747 18,158 (7,259) 29 57,675
Working capital by Business Unit
30.06.2011 Signalling
Business Unit
Transportation
Solutions
Business Unit
Other activities Eliminations Total
Inventories 137,624 32,716 2,045 (26,336) 146,049
Contract work in progress (199,262) (201,313) (1) 26,336 (374,240)
Trade receivables 308,540 296,826 7,189 (45,715) 566,84
Trade payables (131,341) (251,607) (17,257) 45,715 (354,490)
Provisions for risks and charges (15,564) (120) (694) - (16,378)
Operating working capital 99,997 (123,498) (8,718) - (32,219)
Other net assets (liabilities) - - (29,308) - (29,308)
Net working capital  99,997 (123,498) (38,026) - (61,527)
Working capital by Business Unit
31.12.2010 Signalling
Business Unit
Transportation
Solutions
Business Unit
Other activities Eliminations Total
Inventories 123,810 26,508 3,350 (26,036) 127,632
Contract work in progress (273,203) (193,054) (1) 26,036 (440,222)
Trade receivables 357,543 324,864 4,097 (61,696) 624,808
Trade payables (187,152) (262,947) (14,730) 61,696 (403,133)
Provisions for risks and charges (20,698) (670) (1,049) - (22,417)
Operating working capital 300 (105,299) (8,333) - (113,332)
Other net assets (liabilities) - - (40,895) (26) (40,921)
Net working capital  300 (105,299) (49,228) (26) (154,253)