Independent journal on economy and transport policy
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Decided deterioration of the economic account of the Saipem
In the first trimester the new orders are dropped of -50,3%
April 21, 2017
The Saipem group, specialized in the services of perforation, engineering, supplying, construction and installation of conducts and great systems in the field oil & gas to sea and earth, has closed the first trimester of this year with revenues pairs to 2,26 billion euros, with a decrease of the -20,3% regarding 2,84 billion euros in the first three months of 2016. The EBITDA adjusted is piled to 256 million euros (- 18.5%), the operating profit to 112 million euros (- 21.1%) and the operating profit adjusted to 122 million euros (- 14.1%). The Italian company has concluded the first trimester of 2017 with a profit clearly of 47 million euros, with a bending of the -23,0% regarding 61 million euros in the first trimester of 2016.
In the first three months of this Saipem year it has acquired new orders for a total pairs to 509 million euros, value that is the recorded half of that in the first trimester of the 2016 pairs to 1,02 billion euros. The pocketbook orders on March 31, 2017 turns out pairs to 12,46 billion euros, down of the -11,2% regarding 14,03 billion euros on March 31, 2016.
"In the first trimester of the 2017 - the managing director of the company has asserted, Stefano Cao - Saipem it has expressed a solid performance, although lasting of a context of difficult market. We continue to upgrade the business and to make so that Saipem is in the better position in order to pick the opportunities of the future. We have strengthened the capital structure, and the new organizational structure will be totally operating in according to trimester. The conditions are challengers, but our company is on the good road".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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The Saipem group, specialized in the services of perforation, engineering, supplying, construction and installation of conducts and great systems in the field oil & gas to sea and earth, has closed the first trimester of this year with revenues pairs to 2,26 billion euros, with a decrease of the -20,3% regarding 2,84 billion euros in the first three months of 2016. The EBITDA adjusted is piled to 256 million euros (- 18.5%), the operating profit to 112 million euros (- 21.1%) and the operating profit adjusted to 122 million euros (- 14.1%). The Italian company has concluded the first trimester of 2017 with a profit clearly of 47 million euros, with a bending of the -23,0% regarding 61 million euros in the first trimester of 2016.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
