El Trinche
Forumer storico
SAIPEM (estratto dal comunicato stampa)
Highlights of the third quarter and nine months
• Third quarter revenues amounted to € 1.9 billion, up to 18% compared to second quarter revenues
• Adjusted EBITDA for the third quarter was negative for 25 million, improved compared to the second
quarter of 2021 (negative for 354 million euros)
• In the first 9 months of 2021, revenues amounted to approximately € 5.1 billion (€ 5.4 billion for the
first nine months of 2020)
• Adjusted EBITDA for the first 9 months of 2021 negative for 291 million euros (positive for 491 million
in the first 9 months of 2020)
• Signs of improvement in drilling with an increase in demand and potential for a full utilization of
the fleet
• The operating results reflect a slowdown compared to the first nine months of 2020, especially for
the engineering and construction activities, mainly due to:
continued effects of the Covid-19 health crisis on operational activities, with the delays in
project execution and the postponement of investment decisions in the sectors of interest suspension of LNG onshore project activities in Mozambique
specific problems in the offshore wind farms
• New contracts awarded for approximately €4.9 billion in the first nine months, with a book-to-bill near to about 1.
Consolidation of an order backlog of approximately €24.5 billion(approximately 78% of the E&C portion not linked to oil), ensuring good performance in the medium-long term
• Net financial debt post-IFRS 16 at September 30, 2021 of around €1.7 billion (around €1.4 billion pre-IFRS 16)
• Liquidity of a €2 billion and a €1 billion unused revolving line
• Outlook for the second half of 2021:
Revenues of approximately €4.5 billion
Positive adjusted EBITDA
Capital expenditure expected for approximately €250 million, and Net financial debt post-IFRS 16 around €1.7 billion at year end
Highlights of the third quarter and nine months
• Third quarter revenues amounted to € 1.9 billion, up to 18% compared to second quarter revenues
• Adjusted EBITDA for the third quarter was negative for 25 million, improved compared to the second
quarter of 2021 (negative for 354 million euros)
• In the first 9 months of 2021, revenues amounted to approximately € 5.1 billion (€ 5.4 billion for the
first nine months of 2020)
• Adjusted EBITDA for the first 9 months of 2021 negative for 291 million euros (positive for 491 million
in the first 9 months of 2020)
• Signs of improvement in drilling with an increase in demand and potential for a full utilization of
the fleet
• The operating results reflect a slowdown compared to the first nine months of 2020, especially for
the engineering and construction activities, mainly due to:
continued effects of the Covid-19 health crisis on operational activities, with the delays in
project execution and the postponement of investment decisions in the sectors of interest suspension of LNG onshore project activities in Mozambique
specific problems in the offshore wind farms
• New contracts awarded for approximately €4.9 billion in the first nine months, with a book-to-bill near to about 1.
Consolidation of an order backlog of approximately €24.5 billion(approximately 78% of the E&C portion not linked to oil), ensuring good performance in the medium-long term
• Net financial debt post-IFRS 16 at September 30, 2021 of around €1.7 billion (around €1.4 billion pre-IFRS 16)
• Liquidity of a €2 billion and a €1 billion unused revolving line
• Outlook for the second half of 2021:
Revenues of approximately €4.5 billion
Positive adjusted EBITDA
Capital expenditure expected for approximately €250 million, and Net financial debt post-IFRS 16 around €1.7 billion at year end
