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15 November 2018 The on-line newspaper devoted to the world of transports 20:25 GMT+1



October 24, 2018

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Saipem has closed the first nine months of 2018 with a net loss of -357 million euros

In the period the value of the new acquired orders from the company is piled to 6,12 billion euros (+29.8%)

The Saipem Italian has archived item the first nine months of 2018 with revenues pairs to 6,06 billion euros, with a bending of the -11,9% regarding 6,87 billion euros in the correspondent period last year. The EBITDA rectified has turned out pairs to 760 million euros (- 4.4%) and the operating profit to 43 million euros regarding 257 million euros in the period January-september of 2017. Saipem has closed the first nine months of this year with a net loss of -357 million euros respect to a net loss of -57 million euros in the same period of 2017.

In the period January-september of the 2017 value of the new acquired orders from the company is piled to 6,12 billion euros (+29.8%).

In the third trimester of the 2018 Saipem it has recorded revenues pairs to 2,26 billion euros, with a decrease of the -1,1% on the trimester July-september last year. The EBITDA rectified has been attested to 277 million euros (+2.2%), the operating profit to 117 million euros (- 12.0%) and the economic result clearly has been of sign negative and pairs to -34 million euros respect to a profit clearly of 53 million euros in the third trimester of 2017. The new acquired orders in the third trimester of this year have totaled 2,13 billion euros (+18.8%).

The value of the pocketbook orders of the company on 30 September turned out pairs to 12,46 billion euros regarding 12,39 billion on September 30, 2017.

"The market - the managing director of Saipem has commented, Stefano Cao - offers signs of radical change of direction regarding the last years, which supported from a good visibility of commercial opportunities, in particular in the fields Engineering & Construction. In this context, also always complex, in the first nine months of the 2018 Saipem it has expressed a good operating and managerial performance, in particular in the fields Engineering & Construction Offshore and Drilling. This allows us to confirm the guidance for 2018. The trimester has recorded a solid performance in terms of contract acquisition new, online with the waits expressed during semiannual. Such tendency seems confirmed also in the fourth trimester. The diversification in new markets and the search of opportunity in new geographic areas they will contribute also to the creation of value for ours stakeholder".

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