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04 August 2020 The on-line newspaper devoted to the world of transports 21:52 GMT+2

April 18, 2019

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In the first trimester the new orders to Saipem have grown of +146%

The revenues are piled to 2,16 billion euros (+12.6%)

The Saipem Italian, society that work activity of engineering, perforation and realization of great projects in the fields of the energy and infrastructures, has closed the first trimester of 2019 with revenues pairs to 2,16 billion euros, with an increment of +12.6% on the first three months of 2018. The EBITDA is piled to 266 million euros (+32.3%), the operating result to 118 million (+35.6%) and the profit clearly to 21 million euros respect to a sign result clearly negative and pairs to -2 million euros in the first trimester last year.

In the course of the first trimester of the 2019 Saipem it has acquired new orders for a total of beyond 2,5 billion euros regarding 1,0 billion in the first trimester last year. The pocketbook orders on 31 March had attested to almost 13,0 billion euros (5,6 billion in the Engineering & Offshore Construction, 5,9 billion in the Engineering & Construction Onshore, 790 million in Offshore Drilling and 659 in the Drilling Onshore), of which 5,3 billion euros to come true in 2019, regarding a value of the orderbook of 12,6 billion on December 31, 2018 and 11,5 billion on March 31, 2018. The pocketbook orders comprehensive of consolidated society on March 31, 2019 did not pile to 14,8 billion euros.

"The results of the first trimester of 2019 - the managing director of Saipem has commented, Stefano Cao - confirm the good operating and managerial performance already recorded in the course of 2018, in particular thanks to the solid results of the division Engineering & Offshore Construction. We have recorded meaningful acquisitions of new orders that also improve the visibility for 2019 in a market context that still does not show obvious signs of resumption".

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