Saipem announced its new divisional structure: Offshore Construction; Onshore Construction; Offshore Drilling; Onshore Drilling; Engineering High-Value Services, focusing on feasibility studies, pre-FEED, FEED and PMC. Q3 16 results: revenues were €2.6bn (-15% yoy). The adjusted EBIT came in at €155m (+8% yoy), beating consensus estimates of €136m. The adjusted net profit was €60m (vs. €47m in Q3 15), slightly below consensus at €65m. Saipem reported write-downs
26 Oct 2016
Strategic plan 2017-20
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Strategic plan 2017-20
Saipem announced its new divisional structure: Offshore Construction; Onshore Construction; Offshore Drilling; Onshore Drilling; Engineering High-Value Services, focusing on feasibility studies, pre-FEED, FEED and PMC. Q3 16 results: revenues were €2.6bn (-15% yoy). The adjusted EBIT came in at €155m (+8% yoy), beating consensus estimates of €136m. The adjusted net profit was €60m (vs. €47m in Q3 15), slightly below consensus at €65m. Saipem reported write-downs