With regard to the first half of 2023, the Saipem Group achieved:
- Revenues: €5.3 billion, +28% compared to €4.2 billion of the corresponding period of 2022
- Adjusted EBITDA: €410 million, +56% compared to €263 million in the corresponding period of 2022
- Positive net results of €40 million compared to a loss of €130 million in the corresponding period of 2022
- Order intake: €6.7 billion, +58% compared to the corresponding period of 2022. Over 80% of new contracts was in offshore business (E&C and Drilling)
- The consolidated backlog has increased by over €1 billion compared to 31 December 2022
- Pre-IFRS 16 net financial position as of June 30, 2023: positive net cash of €34 million (post-IFRS 16 net debt of €288 million)
The Board of Directors of Saipem S.p.A., chaired by Silvia Merlo, today has approved the Consolidated Interim Financial Report as of June 30, 2023.
Results for the first half of 2023:
- Revenues: €5,347 million (€4,187 million in the corresponding period of 2022).
- Adjusted EBITDA: €410 million, equal to 7.7% of revenues (€263 million in the corresponding period of 2022).
- Net result equal to €40 million (loss of €130 million in the corresponding period of 2022).
- Capital expenditure: €139 million, compared to €86 million in the corresponding period of 2022.
- Post-IFRS 16 net financial position: net debt of €288 million (net debt of €264 million as of December 31, 2022).
- Pre-IFRS 16 net financial position: net cash of €34 million (net cash of €56 million as of December 31, 2022).
- Order intake: €6,690 million (€4,288 million in the corresponding period of 2022).
- Backlog: €25,360 million (€24,017 million as of December 31, 2022), which increases to €25,486 million including the backlog of non-consolidated companies (€24,376 million as of December 31, 2022).
