MILAN, March 5 Italian rail technology company
Ansaldo STS cut its 2012 dividend by 10 percent to 0.18
euros on Tuesday as it predicted new orders to remain flat or
slightly rise this year.
The company, in which state-owned defence group Finmeccanica
owns 40 percent, said it expected new orders of
between 1.5 billion and 1.7 billion euros in 2013 against 1.49
billion euros ($1.9 billion) in 2012 when they slumped 31
Ansaldo STS said although it was not possible to expect a
resumption of its contracts in Libya due to uncertainty in the
country, its well-established presence in high-growth markets
made it positive about its future prospects.
It said revenues were seen at 1.25-1.35 billion euros in
2013, against 1.25 billion euros in 2012, with a return on sales
of 9.5 percent.
The company said its chairman Alessandro Pansa had decided
to resign because of the extra work required by his new role as
head of Finmeccanica.
($1 = 0.7677 euros)
(Reporting By Danilo Masoni, editing by Antonella Ciancio)