SAIPEM: 2012 Consolidated and draft Statutory Financial Statements; call to General Shareholders’ Meeting
San Donato Milanese, March 13, 2013 - The Board of Directors of Saipem S.p.A. has approved the Saipem Group Consolidated Financial Statements as at December 31, 2012, which reported net profit of €902 million (€921 million in 2011). The Board also approved the draft Statutory Financial Statements of Saipem S.p.A., which reported a net profit of €437 million (€525 million in 2011). The Board of Directors moved to propose at the Annual Shareholders’ Meeting the distribution of a dividend of €0.68 per ordinary share and €0.71 per savings share. Dividends will be paid from May 23, 2013 (ex-dividend date: May 20, 2013).
Revenues: €13,369 million
Operating profit: €1,481 million
Net profit: €902 million
Cash flow: €1,628 million
Dividends: €0.68 per ordinary share and €0.71 per savings share.
The Consolidated and draft Statutory Financial Statements of Saipem S.p.A. have been made available to the Board of Statutory Auditors and the Independent Auditors, together with the Directors’ Report. The Annual Financial Report 2012 will be duly available at Saipem’s Headquarters and published on the Company’s website www.saipem.com.
The Board of Directors also approved the following Reports: “Saipem’s Corporate Governance and Shareholding Structure”, “Saipem Sustainability”, and the “Compensation Report”. These documents will be published on Saipem’s website at the same time as the Annual Financial Report 2012.
Annual General Shareholders’ Meeting
The Board of Directors called the General Shareholders’ Meeting to be held on April 24 or April 30, 2013, first and second call respectively.
Saipem’s Chief Financial Officer, Mr. Stefano Goberti, in his capacity as manager responsible for the preparation of the Company’s financial reports, certifies, pursuant to art. 154-bis paragraph 2 of Legislative Decree no. 58/1998, that data and information disclosed in this press release corresponds to the Company’s evidence and accounting books and entries.
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
Italy: a.paganomariano@barabino.it
Tel: +39-066792929
International: g.sanfelice@barabino.co.uk
Tel: +44 20 71526425
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