Introduction

At 30 June 2011 the Ansaldo STS Group reported net profit of EUR 32,111 thousand compared with EUR 33,411 thousand for the first half of 2010; revenues amounted to EUR 569,233 thousand as compared with EUR 584,706 thousand and operating revenues stood at 9.2% from 9.9% in the first half of the previous year.

Orders amounted to EUR 667,719 thousand from EUR 645,291 thousand at 30 June 2010 and the order backlog came to EUR 4,617,688 thousand from EUR 4,551,127 thousand at 31 December 2010.

In the period from 30 December 2010 to 30 June 2011, the official price of the stock went from €10.67 to €9.62.

The stock hit its highest value for the period with EUR 11.21, official price of 14 January 2011, and its lowest value with EUR 9.26, official price of 24 June 2011.

The daily average volumes amounted to 606,220 shares exchanged.

Since the end of February, the stock was badly affected by the Libyan crisis, which brought a suspension of the activities for two important contracts in Libya. The management timely informed the market of the economic and financial risks that the situation in Northern Africa might cause to the Group; in particular, when 2010 year-end official announcements were made, some preliminary indications on the possible impact of the Libyan crisis were provided together with the new objectives for 2011. The objectives for 2011 were set on the budget prepared at the end of 2010, and therefore did not take account of the crisis yet.

During the period the FTSE All Share Italy index was substantially unchanged: -0.1%, and in the STAR segment the FTSE Italia STAR earned 2.6%.

In the first half of 2011 there were no changes in the scope of consolidation as compared with 31 December 2010.