Saipem S.p.a.MIL: SPM

SPM: Record order intake and revenue drive upgraded 2024 outlook and strong multi-year backlog

· Issued by Saipem S.p.a.

Record Q3 results with all-time high order intake, revenue, and EBITDA, driven by offshore E&C. Upgraded 2024 guidance reflects strong backlog and cash flow, with robust demand and tight vessel market supporting multi-year visibility.

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