SAIPEM: Rapid build-up in new contracts acquisition in E&C during second quarter
San Donato Milanese (Milan), May 21, 2013 – Saipem announces that it has already exceeded 50% of its new contract acquisition target for 2013 in the Engineering & Construction (E&C) Business Unit.
The total value of new contracts acquired from January 2013 to date in the E&C Business Unit (some of which will be communicated in the next weeks) is approximately €6.1 billion, and supports the likelihood of achieving a full-year order intake, similar to recent years, of approximately €11 billion.
CEO U. Vergine emphasizes: “Although this is a partial intermediate result for 2013, we are very pleased; not only does it help guarantee our target activity levels in Saipem, but we are progressing with our objective of improving the marginality of our order backlog. The E&C contracts acquired since January imply margins that so far represent an improvement of at least 40% compared with those acquired in 2012”.
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
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Tel: +39-066792929
International: g.sanfelice@barabino.co.uk
Tel: +44 20 71526425
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