Business
SPM: H1 2024 saw strong revenue, profit, and cash growth, with robust backlog and financial position
SPM: H1 2024 saw strong revenue, profit, and cash growth, with robust backlog and financial position
About this update from Saipem S.p.a.
Revenue and adjusted EBITDA rose 20% and 38% year-over-year in H1 2024, with net profit at €118 million and a strong net cash position. New contracts and backlog support the Strategic Plan, while capital allocation focused on vessel upgrades and debt reduction.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.