Saipem: Board of Directors approves Interim Report at September 30, 2012

 Net profit for the first nine months of 2012 amounted to €722 million: +8.9% compared to the first nine months of 2011.
 Net profit for the third quarter of 2012 reached €249 million: +10.7% compared to the third quarter of 2011.
 New contracts won during the first nine months of 2012 amounted to €9,140 million (€8,777 million in the first nine months of 2011); the backlog at September 30, 2012 stood at €18,911 million (€20,323 million at June 30, 2012).
 Investments in the first nine months of 2012 amounted to €778 million (€818 million in the first nine months 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. 

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Shareholder Information: Saipem S.p.A. - Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI) - Italy

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