11 Nov 2022

Q3: Recovery progress ahead of plan, guidance raised

Saipem (SPM:BIT), 0 | Saipem S.p.A. (SPM:MIL), 0

- Elif Binici
- 3 pages

After a successful capital increase thanks to which Saipem reduced its net debt massively, the recovery gained momentum in Q3 with a healthy order intake and the timely execution of projects. With a 9M adjusted EBITDA of €536m already surpassing the previous guidance, Saipem is now guiding for €550m for the year-end.

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Q3: Recovery progress ahead of plan, guidance raised

Saipem (SPM:BIT), 0 | Saipem S.p.A. (SPM:MIL), 0

Published: 11 Nov 2022
Author: Elif Binici
Pages: 3

After a successful capital increase thanks to which Saipem reduced its net debt massively, the recovery gained momentum in Q3 with a healthy order intake and the timely execution of projects. With a 9M adjusted EBITDA of €536m already surpassing the previous guidance, Saipem is now guiding for €550m for the year-end.