Saipem Spa ( (SAPMY) ) has released its Q4 earnings. Here is a breakdown of the information Saipem Spa presented to its investors.
Saipem SpA is a global leader in engineering and construction projects for the energy and infrastructure sectors, known for its extensive offshore and onshore capabilities and commitment to sustainable practices.
In its latest earnings report for 2024, Saipem demonstrated strong financial performance, marking its third consecutive year of growth and margin recovery. The company reported significant increases in revenue and adjusted EBITDA, alongside a substantial rise in net income.
Key financial highlights include a 23% increase in revenue to €14.5 billion and a 44% rise in adjusted EBITDA to €1.3 billion. Saipem also achieved a record order intake of €18.8 billion, boosting its backlog to an unprecedented €34 billion. The company announced an updated strategic plan for 2025-2028, focusing on derisking its business profile and introducing new services, such as Project Management Consultancy. Additionally, Saipem plans to enhance shareholder returns with a proposed dividend of €333 million for 2025.
Looking ahead, Saipem’s management remains optimistic, with expectations of continued revenue and EBITDA growth in 2025. The company aims to maintain its trajectory towards an investment-grade credit rating and further strengthen its financial position by reducing gross debt. Saipem’s strategic initiatives and sustainability commitments are set to support its long-term growth and resilience in the evolving energy market.
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