Independent journal on economy and transport policy
07:17 GMT+1
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Saipem has closed the first trimester with a result clearly of 77 million euros (+26.2%)
Acquired new orders for 2.399 million euros (- 38.5%)
April 27, 2015
The Saipem Italian, active society mainly in the fields of Engineering & Construction and Drilling, have closed the first trimester of this year with a result clearly of 77 million euros, in increase of +26.2% regarding 61 million euros in the correspondent period of 2014. The revenues have grown of +4.5% attesting itself to 3.020 million euros. The EBITDA is piled to 351 million euros (+15.8%) and the EBIT to 159 million euros (+25.2%).
In the first three months of the 2015 company 3.900 million in the first trimester of 2014 have acquired new orders for 2.399 million euros (). The residual pocketbook orders is pairs to 21.526 million euros on March 31, 2015 (18.074 million euros on March 31, 2014; 22.147 million on December 31, 2014).
"In first trimester 2015, also in a market scene negative which had to the reduction of the price of the crude oil - the managing director of the Italian society has commented, Umberto Vergine - Saipem has continued in the general process of recovery and the operating results are confirmed in meaningful improvement. The strategy adopted in these years has been based on the strengths of the activity of Perforation, on the effort in order to complete the projects to lowland in the best way marginality and those which had caused huge losses, and on assuring the contribution of new projects which won with a aimed and solid business policy more. The rich pocketbook orders constructed above all in the course of 2014, that it piles to beyond 21 billion euros, confirmation the come to an agreement confidence to Saipem from its customers and today guarantees to the society a strong positioning of market in a moment of sensitive contraction. It remains to partially complete - it has specified Virgo - the distance of reorganization and this own while challenges join to new, in particular regarding the slow down of the investments of our customers seen the current scene of the price of the oil. However, I am trusting because Saipem has created of the solid bases in order to complete the resumption distance and to recover the past levels of profittabilità".
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The Saipem Italian, active society mainly in the fields of Engineering & Construction and Drilling, have closed the first trimester of this year with a result clearly of 77 million euros, in increase of +26.2% regarding 61 million euros in the correspondent period of 2014. The revenues have grown of +4.5% attesting itself to 3.020 million euros. The EBITDA is piled to 351 million euros (+15.8%) and the EBIT to 159 million euros (+25.2%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
