Saipem's rush to Piazza Affari continues. After yesterday's 4% rise, Eni's subsidiary recorded a +1,86% mid-morning, showing itself as the pink jersey of the Ftse Mib list.
The quarterly accounts are pushing the stock of the company from San Donato Milanese, which were confirmed to be in line with the expectations of the day before. In fact, net profit stood at 61 million euros, recording a drop of 44,5% on an annual basis, but remaining in line with the consensus at 60 million euros.
The group's revenues fell more than expected to 2,943 billion euros (-4,7%), against forecasts of 3,056 billion, against a growth in new orders of 37%. The debt target, set at 4,2 billion by the end of the year, is deemed achievable by the group, which also confirmed the guidance for the current year: expected revenues between 12,5 and 13,6 billion euros, an EBIT between 600 and 750 million and a net profit between 280 and 380 million.
