Saipem closes on first quarter of 2012 with a net profit of 231 million euros, up by 8,5% every year. As for operating profit, the increase is 7,5%, to 373 million. Despite these numbers, in the early afternoon, Saipem's share price fell by more than three points.
Acquisitions of new orders they amount to 3.116 million euros (2.908 in the first quarter of 2011) and the residual order backlog at 31 March 2012 stands at 20.401 million euros (from 20.417 million). Technical investments amounted to 316 million euros, against 355 million in the same period last year.
These numbers allow the plant engineering company of the Eni group to confirm guidance for 2012, already announced in February: revenues of approximately 13 billion euros, Ebit of approximately 1,6 billion euros, net profit of approximately one billion euros and investments of approximately 900 million euros.
