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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

4.03EUR
7:23am EDT
Change (% chg)

€-0.13 (-3.10%)
Prev Close
€4.16
Open
€4.11
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€4.11
Day's Low
€3.98
Volume
5,510,494
Avg. Vol
8,541,265
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€5.52
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€3.09

Latest Key Developments (Source: Significant Developments)

Saipem SpA Says Stefano Cavacini Appointed Manager Responsible For Financial Reporting
Thursday, 16 May 2019 11:42am EDT 

May 16 (Reuters) - Saipem SpA ::SAYS STEFANO CAVACINI APPOINTED MANAGER RESPONSIBLE FOR PREPARING COMPANY'S FINANCIAL REPORTING.  Full Article

Saipem focusing on tie-ups with other players for drilling business
Thursday, 18 Apr 2019 04:12am EDT 

April 18 (Reuters) - Saipem CEO Stefano Cao tells analysts at first quarter results conference call::NOT CONSIDERING ANY TRADE SALE FOR DRILLING BUSINESSES.FOCUSING ON OTHER OPTIONS FOR DRILLING SUCH AS COMBINATIONS, ADDING SHAREHOLDERS.IPO OF DRILLING BUSINESS UNLIKELY NOW, BUT COULD BE CONSIDERED AFTER COMBINATION WITH OTHER OPERATORS.  Full Article

Saipem SpA Q1 Adjusted EBITDA EUR 274 Million
Thursday, 18 Apr 2019 01:00am EDT 

April 18 (Reuters) - Saipem SpA ::Q1 ADJUSTED EBITDA EUR 274 MILLION.Q1 NET PROFIT EUR 21 MILLION.Q1 REVENUES EUR 2.16 BILLION.FORECAST REVENUES FOR 2019 OF AROUND EUR 9 BILLION, WITH ADJUSTED EBITDA MARGIN IN EXCESS OF 10%.SEES 2019 CAPITAL EXPENDITURE AT C. EUR 500 MILLION , WHILE NET DEBT PRE-IFRS 16 IS EXPECTED TO BE AROUND EUR 1 BILLION AT END OF 2019.SAYS GUIDANCE 2019 IS CONFIRMED.SOUTH STREAM SETTLEMENT - EXPECTS TO COMPLETE NEGOTIATIONS FOR AMICABLE SETTLEMENT OF ARBITRATION IN VERY SHORT TIME.SOUTH STREAM SETTLEMENT - RESULTS AT DEC. 31, 2018 TOOK INTO ACCOUNT EFFECTS OF ENVISAGED AMICABLE SETTLEMENT AS CURRENTLY UNDER DISCUSSION BETWEEN PARTIES.  Full Article

Saipem Wins Contracts In Norway And Middle East For Total Of USD 200 Mln
Friday, 5 Apr 2019 01:59am EDT 

April 5 (Reuters) - Saipem SpA ::AWARDED NEW OFFSHORE DRILLING CONTRACTS.CONTRACTS IN OFFSHORE DRILLING IN NORWAY AND MIDDLE EAST TOTALLING OVER 200 MILLION USD.RIG IN NORWAY IS EXPECTED TO BE UNDER OPERATION UNTIL APPROXIMATELY Q2 OF 2020.WORK IN MIDDLE EAST COMMENCED AT END OF Q1 OF 2019.‍CONTRACT IN MIDDLE EAST INVOLVES A FOUR-YEAR EXTENSION OF USE OF HIGH SPECS JACK UP PERRO NEGRO 7​.  Full Article

Saipem Wins Onshore Drilling Contracts And Extensions For About USD 220 Mln
Wednesday, 13 Mar 2019 12:40pm EDT 

March 13 (Reuters) - Saipem SpA ::NEW AWARDS OF ONSHORE DRILLING CONTRACTS.HAS BEEN AWARDED CONTRACTS AND EXTENSIONS IN ONSHORE DRILLING WORTH ABOUT 220 MILLION USD IN TOTAL.NEW CONTRACTS INVOLVE PROJECTS TO BE CARRIED OUT IN BOLIVIA AND SAUDI ARABIA.EXTENSIONS OF CONTRACTS ALREADY UNDERWAY CONCERN SAUDI ARABIA, PERU, MOROCCO AND ROMANIA.  Full Article

Saipem "Confident" Correctness Of Its Activities Will Be Confirmed In Profit Warning Case
Friday, 1 Mar 2019 05:42am EST 

March 1 (Reuters) - Saipem SpA ::JUDGE FOR PRELIM HEARING ORDERS COMMITTAL FOR TRIAL ON CHARGE OF ADMINISTRATIVE OFFENCE.ALL INDIVIDUALS IN TRIAL IN PRELIMINARY HEARING HAVE LONG AGO LEFT THE COMPANY.IS CONFIDENT THAT CORRECTNESS OF ITS ACTIVITIES WILL BE CONFIRMED.  Full Article

Saipem won order in Q1 from BP at its Tortue field - CEO
Thursday, 28 Feb 2019 03:54am EST 

Feb 28 (Reuters) - Saipem SpA ::CEO SAYS WON ORDER FROM BP IN Q1 AT BP'S TORTUE FIELD IN MAURITANIA AND SENEGAL.  Full Article

Saipem CEO expects South Stream settlement to create important business opportunities
Thursday, 28 Feb 2019 03:00am EST 

Feb 28 (Reuters) - Saipem SpA ::CEO SAYS EXPECTS SETTLEMENT OVER SOUTH STREAM PROJECT TO OPEN UP IMPORTANT BUSINESS OPPORTUNITIES.  Full Article

Saipem assessing strategic options in drilling
Thursday, 28 Feb 2019 02:43am EST 

Feb 28 (Reuters) - Saipem SpA says in a slide on 2018 results::ASSESSING STRATEGIC OPTIONS IN DRILLING.  Full Article

Eiffage And Saipem Win EPCI Contract From BP Of Just Over 350 Millions Euros
Wednesday, 27 Feb 2019 11:50am EST 

Feb 27 (Reuters) - EIFFAGE ::EIFFAGE WITH SAIPEM AWARDED BY BP TO PERFORM MARINE INFRASTRUCTURES OF LNG HUB/TERMINAL OF GREATER TORTUE AHMEYIM PROJECT, OFFSHORE SENEGAL / MAURITANIA.EPCI CONTRACT JUST OVER 350 M€ FOR EIFFAGE SCOPE.  Full Article

Italy - Factors to watch on April 30

MILANO, April 30 The following factors could affect Italian markets on Tuesday.