Saipem SpA Reports Strong Growth in 2024
Company Announcements

Saipem SpA Reports Strong Growth in 2024

Saipem SpA (IT:SPM) has released an update.

Saipem SpA reported strong financial performance for the first nine months of 2024, with net profit reaching 206 million euros and revenues increasing by 21% compared to last year. The company secured new contracts worth 13.5 billion euros, boosting its order backlog to 33.2 billion euros, and improved its financial guidance for the year. These results highlight Saipem’s competitive position and robust market demand for its services.

For further insights into IT:SPM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlySaipem price target raised to EUR 3.25 from EUR 3.05 at Berenberg
TheFlySaipem upgraded to Buy from Hold at Stifel
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App