SAIPEM: Board approves preliminary consolidated results 2012
San Donato Milanese, February 13th, 2013. Today, the Board of Directors of Saipem S.p.A. reviewed the Saipem Group preliminary consolidated results as at December 31, 2012 (not yet submitted to the Company Statutory Auditors and Independent Auditors), which have been prepared in compliance with the International Financial Reporting Standards (IFRS).
Net profit for 2012 amounted to €902 million, -2.1% compared to 2011.
Net profit for the fourth quarter of 2012 amounted to €180 million, -30.2% compared to the fourth quarter of 2011.
New contracts won in 2012 amounted to €13,391 million (€12,505 million in 2011), while the backlog at December 31, 2012 stood at €19,739(1) million (€20,417 million at December 31, 2011).
Investments in 2012 amounted to €1,015 million (€1,199 million in 2011).
Pay-out policy confirmed at one third of consolidated net profit: a dividend of €0.68 per ordinary share (€0.70 last year) proposed to Shareholders’ Meeting
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)
Relations with Institutional Investors and Financial Analysts:
Tel: +39-02520.34653
Fax: +39-02520.54295
E-mail: investor.relations@saipem.com
Relations with media: Barabino & Partners
Tel: +39-066792929
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