Saipem S.p.a.MIL: SPM

SPM: Strong revenue, profit, and cash growth, record backlog, and robust dividend proposal

· Issued by Saipem S.p.a.

Revenue grew 23% to €14.5bn, EBITDA rose 44% to €1.3bn, and net profit reached €306m (+70%). Net cash improved to €683m, backlog hit €34.1bn, and a €332.7m dividend is proposed. KPMG issued unqualified audit opinions.

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