Fincantieri SpA Q1 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriele Gambarova - Banca Akros S.p.A., Research Division - Analyst : Mr. Maestrini, in your opening remarks, you mentioned -- you said that you included the costs to restructure the Romanian yard and to start the Fincantieri Infrastructure initiative. So I was wondering, if these initiatives had any impact on the Q1 margins? And if yes, what could be roughly speaking the entity of this impact? And then a second question on Chantiers de l'Atlantique. I know it's a long story, but I was wondering, if you know where we are with this antitrust, let's say, procedure, if there is -- or do you expect -- do you have in mind any deadline for this decision important? And the last question is on Vard cruise. In your press release, you mentioned several cruise vessels that are due to delivery this year. I was wondering if you can share with us when it would be delivered and if margins may pick up once you start with new job orders.

Question: Gabriele Gambarova - Banca Akros S.p.A., Research Division - Analyst : And regarding the antitrust aspect, do you have any news on Chantiers de l'Atlantique?

Question: Gabriele Gambarova - Banca Akros S.p.A., Research Division - Analyst : I was asking, if you have any idea of when the antitrust -- European antitrust procedure on the Chantiers de l'Atlantique (inaudible)?

Question: Gabriele Gambarova - Banca Akros S.p.A., Research Division - Analyst : So there is no deadline basically? Or I mean, no idea of when this procedure may come to an order?

Question: Gabriele Gambarova - Banca Akros S.p.A., Research Division - Analyst : Okay. And sorry, just 1 last question on Naval, again. Do you have any idea of how the Romanian EUR 1.6 billion of a tender -- I mean, do you have any news on this front because it's not so easy to get information? I don't even know if it came to an end or it's still ongoing, I don't know.