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Saipem SpA

SPMI.MI

Latest Trade

1.43EUR

Change

0.07(+4.77%)

Volume

6,126,297

Today's Range

1.37

 - 

1.43

52 Week Range

1.35

 - 

4.57

As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay

Latest Developments

Saipem and Snam Sign MoU To Work On Hydrogen Development And CO2 Capture Technologies

Sept 10 (Reuters) - Saipem SpA <SPMI.MI>::SIGNS WITH SNAM MOU TO WORK TOGETHER ON TECHNOLOGIES FOR ENERGY TRANSITION, HYDROGEN DEVELOPMENT AND CO2 CAPTURE.

Saipem saw worst impact from crisis in Q2, H2 to see some recovery - CEO

July 29 (Reuters) - Saipem <SPMI.MI> CEO tells analysts during conference call on Q2 results :IN OFFSHORE DRILLING DOES NOT EXCLUDE OPPORTUNITIES TO BUY FINANCIALLY DISTRESSED ASSETS, PARTNERSHIPS.Q2 SAW WORST IMPACT OF CRISIS, SO DEFINITELY SOME RECOVERY IN H2.SEES CLIENT PROJECT ACTIVITY PICKING UP TO MORE NORMAL LEVELS IN 2021.HISTORY SHOWS THERE ARE ALWAYS M&A OPPORTUNITIES AFTER CRISES, "THIS IS OUR FRAME OF MIND".

Saipem H1 Adj. EBITDA EUR 355 Mln

July 29 (Reuters) - Saipem SpA <SPMI.MI>::H1 REVENUE EUR 3.68 BILLION.H1 ADJUSTED EBITDA EUR 355 MILLION.H1 NET LOSS EUR 885 MILLION.NET DEBT PRE IFRS16 AT JUNE-END AT EUR 901 MILLION.EFFICIENCY INITIATIVES ON STRUCTURE AND OPERATIONAL COSTS ESTIMATED AT AROUND €190 MILLION IN 2020.RESCHEDULE OF CAPEX MEANS REDUCTION OF OVER EUR 200 MILLION WHEN COMPARED WITH ESTIMATES AT BEGINNING OF YEAR.EXPECTED IN H2 TO UNDERPIN GROUP ADJUSTED EBITDA MARGIN UP TO LEVEL OF FIRST SIX MONTHS.OUTLOOK DOES NOT FACTOR POSSIBLE FURTHER BUSINESS DETERIORATION DUE TO INTENSIFICATION OF COVID-19.DURING PERIOD COSTS DIRECTLY ATTRIBUTABLE TO COVID-19 WERE RECORDED FOR ABOUT EUR 44 MILLION.

Saipem Wins Offshore Wind Contracts In England, Scotland And France

July 22 (Reuters) - Saipem SpA <SPMI.MI>::AWARDED OFFSHORE WIND CONTRACTS.TOTAL VALUE OF DEAL OVER EUR 90 MILLION.OFFSHORE WIND CONTRACTS FOR PROJECTS OFF THE COASTS OF ENGLAND, SCOTLAND AND FRANCE.

Saipem Places Fixed Rate Bond For EUR 500 Mln

July 7 (Reuters) - Saipem SpA <SPMI.MI>::LAUNCHES FIXED RATE BOND ISSUE WITH MATURITY JULY 15, 2026 FOR EUR 500 MILLION.NOTES PAY A FIXED ANNUAL COUPON OF 3.375% WITH RE-OFFER PRICE OF 100%.NOTES HAVE BEEN ISSUED BY SAIPEM FINANCE INTERNATIONAL B.V. UNDER THE EMTN PROGRAMME.

Saipem Wins Contract In Brazil Of About USD 325 Mln

July 6 (Reuters) - Saipem SpA <SPMI.MI>::AWARDED A CONTRACT FOR THE BÚZIOS PRE-SALT FIELD IN BRAZIL WORTH APPROXIMATELY 325 MILLION USD.CONTRACT BY PETROBRAS REGARDS INSTALLATION OF RIGID RISER-BASED SUBSEA SYSTEM TO SERVE BÚZIOS PRE-SALT PROJECT, OFFSHORE RIO DE JANEIRO.

Saipem Says Subsea Rescue System Developed With Drass To Be Used In Italian Navy

June 16 (Reuters) - Saipem SpA <SPMI.MI>::SUBSEA RESCUE SYSTEM DEVELOPED WITH DRASS SELECTED BY ITALIAN NAVY FOR EQUIPMENT OF SDO-SURS SHIP.

Saipem Consortium Wins 552 Mln Euro Contract In Normandy, France

Saipem SpA <SPMI.MI>::CONSORTIUM OF BOUYGUES TRAVAUX PUBLICIS (40.5%), SAIPEM (40.5%) AND BOSKALIS (19%) WIN ORDER FOR FECAMP OFFSHORE WIND FARM FOUNDATIONS IN NORMANDY, FRANCE.CONTRACT CARRIES TOTAL VALUE OF EUR 552 MLN.WORKS WILL START IN JUNE AND SHOULD BE COMPLETED BY 2022-END.

Boskalis Consortium Wins EUR 552 Mln Offshore Wind Farm Foundations Contract

June 2 (Reuters) - Koninklijke Boskalis Westminster NV <BOSN.AS>::CONSORTIUM OF BOSKALIS, BOUYGUES AND SAIPEM SELECTED FOR FECAMP OFFSHORE WIND FARM FOUNDATIONS.AWARDED DESIGN WORK, CONSTRUCTION AND INSTALLATION SCOPE FOR 71 CONCRETE GRAVITY-BASED STRUCTURES (GBS).CONTRACT CARRIES A TOTAL VALUE OF EUR 552 MILLION AND CONTRACT VALUE SPLIT BEING 40.5% (BOUYGUES TRAVAUX PUBLICS) 40.5% (SAIPEM) 19% (BOSKALIS)..GRAVITY-BASED STRUCTURES (GBS) AS FOUNDATION FOR FÉCAMP OFFSHORE WIND FARM IN NORMANDY, FRANCE.WORKS, WHICH WILL START IN NEXT FEW DAYS, SHOULD BE COMPLETED BY END OF 2022. COMMISSIONING AND OPERATIONAL START-UP OF WIND FARM ARE PLANNED FOR 2023.

Saipem Signs New Contracts Awarded For Nigeria LNG Train 7 Project

May 13 (Reuters) - Saipem SpA <SPMI.MI>::SIGNS NEW CONTRACTS AWARDED FOR NIGERIA LNG TRAIN 7 PROJECT.OVERALL VALUE OF CONTRACTS IS ABOVE 4 BILLION USD AND SAIPEM'S SHARE AMOUNTS TO APPROXIMATELY 2.7 BILLION USD.PROJECT IS FOR CONSTRUCTION OF 1 COMPLETE LNG TRAIN AND 1 ADDITIONAL LIQUEFACTION UNIT WITH TOTAL CAPACITY OF APPROX 8 MTPA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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