Italian shipping register Registro Italiano Navale (RINA) has recently announced the consolidated financial statements for the year 2011.
RINA confirmed a recent trend of growth, with a turnover of €249 million (+21% compared to 2010) and €41 million of EBITDA. Turnover is expected to reach €300 million in 2012.
Last year, RINA celebrated its 150th anniversary by acquiring three Italian companies: CISQCERT, D'Appolonia and Deam, as well as the Romanian company Simtex. These acquisitions enabled RINA to strengthen its position in the certification process in Europe.
RINA's chairman and CEO Ugo Salerno declared that despite the background of a globally difficult market for ship-owners and shipyards, marine services continued to be the largest contributor to RINA's turnover last year.
RINA's classed fleet grew by 8.5% to 4,375 ships. The classification society also closed the year with a strong order book of 425 ships.
The strong results in the marine sector were achieved by expanding into new areas and increasing services to ship-owners.
"We delivered the world's largest trans-shipment terminal to Vale, in record time and on budget. We grew into aerospace and launched new environmental tools and services. Our power generation teams delivered projects on time in a number of countries. We built our gas business internationally, and we became recognized as a centre of LNG and CNG handling expertise. And we substantially increased our R&D efforts," Salerno said.
"[We are] moving beyond our traditional marine field," he concluded.
Matteo Bianchi