SAIPEM: Board of Directors approves Six-Month Report at June 30, 2013
San Donato Milanese, July 30, 2013. The Board of Directors of Saipem S.p.A. today reviewed the Saipem Group consolidated Six-Month Report at June 30, 2013, which has been prepared in compliance with the 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.
Revenues for the first half of 2013 amounted to €5,186 million, -18.9% compared to the first half of 2012.
Net result for the second quarter of 2013 amounted to € -685 million.
Net result for the first half of 2013 amounted to € -575 million.
Investments in the first half of 2013 amounted to €492 million (€548 million in the first half of 2012, -10%).
New contracts won in the first half of 2013 amounted to €7,151 million (€6,303 million in the first half of 2012, +13%).
The backlog at June 30, 2013 stood at €21,704 million (€19,739 million at December 31, 2012, +10%).
Saipem expects to achieve in 2013 revenues amounting to approximately €13 billion, EBIT to break even, and a net loss of approximately €300-350 million.
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)
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