(New story with details on dividend comparison)
MILAN, March 5 Italian rail technology company
Ansaldo STS said on Tuesday it expects new orders to
remain flat or rise slightly this year in a market marked by a
drop in investments and strong competition.
The company, in which state-owned defence group Finmeccanica
owns 40 percent, proposed a 2012 dividend of 0.18
euros per share, down 10 percent from 2011 but up 2.8 percent if
adjusted for a free share issue.
The total dividend payout rose to 28.8 million euros in 2012
from 28 million euros.
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.
New orders are seen at 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 percent.
Ansaldo STS said it expected revenues 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 and