Saipem, revenues growing in the first quarter

Saipem ENI and CDP Equity present lists for renewal of

(Tiper Stock Exchange) – Saipem closed the first quarter of 2023 with revenues of 2,582 million euros, +41.6% compared to the corresponding period of 2022 and an adjusted EBITDA of 191 million euros (compared to 115 million euros in the corresponding period of 2022).

New orders acquired: approximately 2.7 billion euros. Over 65% of the acquisitions were made in the offshore businesses (E&C and Drilling).

There Net financial position pre-IFRS 16 at March 31, 2023 is positive for 45 million euros (Net Financial Position post-IFRS 16 negative for 285 million euros).

The results obtained – Saipem explains in a note – are “fully in line with the objectives of the strategic plan, both from a commercial point of view (refocusing towards the offshore segment and commitment to the energy transition), and from an operational point of view (progress of projects in line with plans) and financial (cash generation and net result at breakeven with stable net financial position)”.

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