The Saipem stock on the Stock Exchange shines, rising by 3% in the middle of the morning, to 9,585 euros, achieving the best rise of the Ftse Mib. The purchases of the shares of the plant engineering company of the Eni group arrive within 24 hours of the approval of the results of budget 2014 already anticipated to the market last February.
The company had announced a return to profitability (adjusted profit of 180 million euros) and one statutory net loss of 230 million entirely determined by the write-downs (410 million). For this yearFurthermore, the oil group estimates a return to profit between 200 and 300 million.
According to Equita's analysts, the 2014 numbers highlight a business under pressure, but at the same time gave an unexpected surprise on the debt, which fell for the first time since 2011 to 4,24 billion euros. In addition, the company denied any capital increase plan yesterday in a conference call.
