Press Release
RINA S.P.A.: the Board has approved the consolidated balance sheet for the
2013 financial period.
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Revenues reach 294 million (+4%)
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The EBITDA rose to 37.2 million Euros (+6%)
The new Board of Directors for the three-year period 2014-2016 is nominated.
9 June 2014 - The Board of RINA S.p.A today approved the consolidated balance sheet, which, also for the 2013 financial period,
confirmed the growth trend of recent years with revenues of 294 million Euros (+4% on 2012) and the EBITDA climbing to 37.2
million Euros (+6%).
In 2013, the Energy sector stood out significantly, recording a growth of 13% thanks also to the development acquired in central
Asian areas.
Shipping also recorded a growth of 6%, thanks to the signs of recovery shown by the market. RINA Services, the company of the
Group dealing with shipping classification and certification, closed 2013 bringing the RINA class fleet to 4,761units (totaling 33.5
million GT) and presenting an order book of 650 ships (amounting to 4.8 million GT).
The Business Assurance (+1%) and Transport and Infrastructures (+2%) maintained the good results of the previous year despite
the challenging economic scenario.
In 2013, RINA’s activity dedicated to research and development reached 246,000 hours, while training exceeded 94,000 hours.
On the engineering consultancy front, managed by D’Appolonia (a RINA subsidiary), 2013 saw a substantial consolidation of the
results with a turnover of 90 million Euros, confirming growth expectations and the diversification of its activities in geographical
areas already covered, such as the United Arab Emirates, Korea, Turkey and Belgium. However, for the current year, development
seems to be arriving from the emerging countries, associated with the revival of production and consumption levels in the USA.
Elsewhere the growth strategy for lines outside RINA continues with the acquisition, concluded at the end of the year, of Centro
Sviluppo Materiali. A company of Italian excellence in research on materials and applicable technologies, it boasts a turnover
of around 30 million Euros in 2013 (not yet inserted in the Group revenues) and approximately 300 resources.
In addition to having a strategic market value, this operation has enabled RINA to become the first private group in the
European Union by number of projects participated in (totaling some 108) within the 7th framework Program 2000-2012.
Also moving in this direction, the agro-industrial sector (recording a growth of +40%) saw the incorporation of the RINA company
Agroqualità and the Italian Chamber System with Is.Me.Cert. S.r.l., a certification body specializing in the enhancement of
quality agro-food production in south Italy.
Including the resources of Centro Sviluppo Materiali, the total workforce of the Group now stands at 2,500, located in over 163
offices in 57 countries across the globe.
Looking to the future, further growth is foreseen for 2014 thanks to Intesa Sanpaolo’s entry into RINA S.p.A.’s capital. This was
made possible through the Merchant Banking Management of the Corporate and Investment Banking Division and Vei Capital,
investment company of Palladio Finanziaria in the mid-cap segment of private equity, with an initial overall commitment of
25 million Euros to support the acquisitions process initiated by the company.
“2013 has been a year of great satisfaction for us, not only has the company shown that it knows how to pick up on the signs
of recovery from some important sectors such as Shipping and Energy, but it has accelerated on innovation, diversification
and efficiency,” stated Ugo Salerno, RINA S.p.A. President and CEO.
“Our organic growth has enabled us to acquire to date high-value companies, although our development plan is ambitious
and needs new resources. With the entry of financial partners we can proceed on the road to internationalization, identifying
opportunities that can bring distinctive competencies and strengthen our long-term growth path,” concluded Salerno.
Upon completion of the Board meeting, the new RINA S.p.A. Board of Directors was nominated for the three-year period 20142016, reconfirming Ugo Salerno as President and Enrico Buschi and Paolo Pierantonio as Board members. The new members
joining the Board are: Nazareno Cerni, Marco Cerrina Feroni, Emanuele Grimaldi and Sergio Ravagli.
RINA is a multi-national Group which delivers verification, certification, conformity assessment, ship classification, environmental
enhancement, product testing, site and vendor supervision, training and engineering consultancy across a wide range of industries
and services. RINA Group operates through a network of companies covering Marine, Energy, Infrastructures & Real Estate, Transport
& Logistics, Food & Agriculture, Environment & Sustainability, Finance & Public Institutions and Business Governance. With a turnover
of around 294 million Euros in 2013, over 2,500 employees, and 163 offices in 57 countries worldwide, RINA Group is recognized as an
authoritative member of key international organizations and an important contributor to the development of new legislative standards.
www.rinagroup.org