Report on operations

The Ansaldo STS Group recorded improved results - net of stock exchange listing costs - at 31 December 2006, compared with the same period the previous year. Orders increased from EUR 1,015,545,000 at December 2005 to EUR 1,271,203,000 in the same period of 2006

Market

• Signalling Division
• Systems Division
• Business Information

Events and projects

• Research and development
• Personnel and Organization
• Security Policy Statement
• Incentive plans
• Main transactions

Other info

• Earnings per share
• Management of financial risk
• Compensation to key management personnel
• Transition to IFRS