Independent journal on economy and transport policy
13:24 GMT+1
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In the first three months of the 2011 profit clearly of Saipem it has grown of 17%
The ship posatubi semisubmersible "Beaver You are" will be restructured by the yard of Turku of STX Finland
April 20, 2011
The Saipem Italian has closed the first trimester of 2011 with revenues for 2.954 million euros, with an increase of 11.9% on the correspondent period last year. The operating profit is piled to 347 million euros (+17.2%) and the profit clearly to 213 million euros (+17.0%).
In the first three months of this year the new acquired orders from the group have totaled a value of 2.908 million euros (+8.6%) and the residual pocketbook orders on 31 March has attested to 20.459 million euros (20.5050 million euros on December 31, 2010).
With respect to the expectations for the entire exercise 2011 Saipem, in consideration of the good course of the volumes and the margins of the first trimester, of an improvement of the market Engineering & Offshore Construction and of the estate on good levels of that Engineering & Construction Onshore, considers to improve the forecasts for the entire exercise anniversary: the revenues are time previewed in increase, regarding 2010, of 8% about regarding a forecast of increase of 5% famous yield to February. The EBITDA is previewed to increase, regarding 2010, of 12% about and the profit clearly of 8% approximately. Investments 2011 are time previewed to pile to 1,1 billion euros about (+100 million regarding the indications supplied to February).
While Saipem has signed a contract with ship yard STX Finland for the restructure and maintenance of the ship posatubi semisubmersible Beaver You are, activity that will appoint to a job some one thousand people and that it will be realized in the plant of Turku.
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The Saipem Italian has closed the first trimester of 2011 with revenues for 2.954 million euros, with an increase of 11.9% on the correspondent period last year. The operating profit is piled to 347 million euros (+17.2%) and the profit clearly to 213 million euros (+17.0%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
