Saipem leaps to the opening and earns the Present in several = 4,2% at 9,11 euro, the highest since the beginning of December, after the 2014 data which saw a return to profitability (adjusted profit of 180 million) and a statutory net loss of 230 million all determined by write-downs (410 million).
Not only that, for this year – despite the uncertainties relating to the South Stream project – the oil group estimates the return to a profit of between 200 and 300 million. Equita's analysts underline how the 2014 numbers highlight a business under pressure but at the same time gave an unexpected surprise on debt, which fell for the first time since 2011 to 4,24 billion euro. In addition, the company denied any capital increase plan yesterday in a conference call.
Of course, South Stream remains unknown, the cancellation of which would deprive the company of approximately 1 billion in revenues for this year.
