SAIPEM: Board of Directors approves Six-Month Report at June 30, 2013

 Revenues for the first half of 2013 amounted to €5,186 million, -18.9% compared to the first half of 2012.  
 Net result for the second quarter of 2013 amounted to € -685 million.  
 Net result for the first half of 2013 amounted to € -575 million.  
 Investments in the first half of 2013 amounted to €492 million (€548 million in the first half of 2012, -10%). 
 
 
 New contracts won in the first half of 2013 amounted to €7,151 million (€6,303 million in the first half of 2012, +13%).
 The backlog at June 30, 2013 stood at €21,704 million (€19,739 million at December 31, 2012, +10%).
 Saipem expects to achieve in 2013 revenues amounting to approximately €13 billion, EBIT to break even, and a net loss of approximately €300-350 million.

Saipem is organized into two Business Units: Engineering & Construction and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and execution of large-scale offshore and onshore projects, and technological competences such as gas monetization and heavy oil exploitation.

Website: www.saipem.com
Main telephone number: +39-025201
Shareholder Information  Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI)

Public Affairs and Communication 
Tel: +39-02520.34088
E-mail: media.relations@saipem.com

Relations with Institutional Investors and Financial Analysts:
Tel: +39-02520.34653
Fax: +39-02520.54295
E-mail: investor.relations@saipem.com  

Media Relations: Barabino & Partners
Italy: a.paganomariano@barabino.it 
Tel: +39-0272023535
Mobile: +39-3358304074

International: g.sanfelice@barabino.co.uk
Tel: +44 20 71526425
Mobile: +44-7775858152