Saipem: Board of Directors approves Six-Month Report at June 30, 2012
San Donato Milanese, July 30, 2012. The Board of Directors of Saipem S.p.A. today reviewed the Saipem Group consolidated Half Year Report at June 30, 2012, which has been prepared in compliance with International Financial Reporting Standards and is subject to a limited audit (near completion). The report is subject to review by the company’s Statutory Auditors and Independent Auditors.
Net profit for the second quarter of 2012 amounted to €242 million: +7.6% compared to the second quarter of 2011
Net profit for the first half of 2012 amounted to €473 million: +8.0% compared to the first half of 2011
New contracts won during the first half of 2012 amounted to €6,303 million (€6,006 million in the first half of 2011); the backlog at June 30, 2012 stood at €20,323 million (€20,401 million at March 31, 2012)
Investments in the first half of 2012 amounted to €548 million (€561 million in the first half of 2011)
Financial results of 2012: expectations for improved results vs 2011 are confirmed
Saipem is organised 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 monetisation and heavy oil exploitation.
Website:www.saipem.com
Switchboard: +39-02520.1
Shareholder Information: Saipem S.p.A. - Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI) - Italy
Relations with Institutional Investors and Financial Analysts:
Tel.: +39-02520.34653 -
Fax: +39-02520.54295
E-mail: investor.relations@saipem.com
pdf - 12-2022