Saipem S.p.a.MIL: SPM

Italy's Saipem posts preliminary 2025 net profit, proposes dividend

· Issued by Saipem S.p.a.

Overview

  • Italy energy infrastructure builder's preliminary 2025 net profit was EUR 310 mln

  • Full-year revenue reached EUR 15.5 bln, EBITDA EUR 1.7 bln

  • Board proposed a EUR 0.17 per share dividend for 2025

Outlook

  • Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

  • FAILED ACQUISITION IMPACT - Co said the failed agreement to acquire the Deep Value Driller unit improved its net financial position as of Dec. 31, 2025

Company press release:

Key Details

Metric

FY Net Income

Beat/Miss

Actual

EUR 310 mln

Consensus Estimate

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the oil related services and equipment peer group is "buy"

  • Wall Street's median 12-month price target for Saipem SpA is €3.80, about 11.9% above its March 9 closing price of €3.40

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 9 three months ago

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