Independent journal on economy and transport policy
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Strong growth in Saipem's economic and commercial results
As of December 31, 2019, the value of the order book has risen to a record high of 24.78 billion euros
February 26, 2020
"Efforts over the past few years to achieve a solid and rigorous economic and financial balance - commented saipem's CEO, Stefano Cao - allowed all the targets to be exceeded in 2019. fixed with particular regard to net debt, which fell under EUR 500 million, a strong improvement Adjusted net income and higher adjusted EBITDA 11%. The profound transformation of the organisation management and the strong strategic focus to anticipate energy transition have allowed during the year excellent campaign to acquire new contracts and the reaching the record level of the backlog to which they contributed, with solid performance, all divisions. Such a repositioning is allowing Saipem to re-engage in a leadership role sector and to be prepared to proactively and with optimism of future challenges with the goal of creating value sustainable for stakeholders."
In 2020, Saipem expects to generate revenues of about 10 billion euros and adjusted EBITDA of more than 1.1 billion euros Euro.
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"Efforts over the past few years to achieve a solid and rigorous economic and financial balance - commented saipem's CEO, Stefano Cao - allowed all the targets to be exceeded in 2019. fixed with particular regard to net debt, which fell under EUR 500 million, a strong improvement Adjusted net income and higher adjusted EBITDA 11%. The profound transformation of the organisation management and the strong strategic focus to anticipate energy transition have allowed during the year excellent campaign to acquire new contracts and the reaching the record level of the backlog to which they contributed, with solid performance, all divisions. Such a repositioning is allowing Saipem to re-engage in a leadership role sector and to be prepared to proactively and with optimism of future challenges with the goal of creating value sustainable for stakeholders."
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
