Independent journal on economy and transport policy
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Saipem, down the economic results and the orders
first semester 2017 is closed with a net loss of -110 million euros
July 25, 2017
Saipem has archived item the first semester of this year with revenues pairs to 4,59 billion euros, down of the -13,0% regarding 5,27 billion euros in the first half of 2017. The group, that it is one of the world leaders 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 recorded an EBITDA rectified of 524 million euros (- 21.7%), an operating profit of 124 million euros (- 47.7%) and turned out economic clearly of sign negative and pairs to -110 million euros respect to a profit clearly of 53 million euros in the first semester of 2016.
In the first six months of the 2017 group it has acquired new orders for 2,09 billion euros, with a decrease of the -37,3% regarding the correspondent period last year. The value of the pocketbook orders on 30 June has been attested to 11,72 billion euros regarding 14,22 billion on December 31, 2016 and to 13,90 billion euros on June 30, 2016.
"In the first semester of the 2017 - the managing director of the Italian company has commented, Stefano Cao - Saipem it has expressed a solid operating and managerial performance. The activity of rationalization and strengthening with the start of the new organizational model is continued, from which we attend greater efficiency and effectiveness beyond to an ulterior reduction of operating costs. These actions will allow with Saipem to place themselves at best to the resumption of the market. Also in persistent the difficult context of market we have a good visibility of next meaningful acquisitions of orders".
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Saipem has archived item the first semester of this year with revenues pairs to 4,59 billion euros, down of the -13,0% regarding 5,27 billion euros in the first half of 2017. The group, that it is one of the world leaders 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 recorded an EBITDA rectified of 524 million euros (- 21.7%), an operating profit of 124 million euros (- 47.7%) and turned out economic clearly of sign negative and pairs to -110 million euros respect to a profit clearly of 53 million euros in the first semester of 2016.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
