SAIPEM SPA    ISIN: IT0005495657
Jan. 2, 2025: Saipem’s pipelay vessel Castorone should by now have reached the deepwater Sakarya gas field on the Turkish sector of the Black Sea. On its way to the Sakarya project, Castorone crossed the Dardanelles Strait en route to Türkiye’s largest natural gas field for pipeline installation  early on December 26, 2024.  Deep-sea pipe-laying vessel heads to Black Sea for natural gas infrastructure project

UPDATE as of Nov. 27,2024 (interesting shareholder messages, latest order  and backlog)

Zwei äußerst  interessante jüngste Reuters Meldungen wurden erst kürzlich veröffentlicht!
Nov 25, 2024 (Reuters) -Saipem SpA SPMI.MI, Italy's market watchdog CONSOB says in a filing:
NORGES BANK (Norwegische Nationalbank)  HELD  3.158%  STAKE IN SAIPEM AS OF NOV. 21 - REGULATORY FILING.

Nov 12 2024 (Reuters) -A regulatory filing by Italian market watchdog CONSOB shows:
BLACKROCK HELD 5.008% INDIRECT STAKE IN ITALY'S SAIPEM AS OF NOV. 7 - FILING

UNTERNEHMENS-VORSTELLUNG: Saipem ist ein weltweit führendes Unternehmen für die Planung und den Bau von Großprojekten in den Bereichen Energie und Infrastruktursektoren, sowohl offshore als auch onshore. Saipem ist „One Company“ und in fünf Geschäftsbereiche Asset Based Services, Energy Carriers, Offshore Wind, Nachhaltige Infrastrukturen, Robotik und industrialisierte Lösungen eingeteilt.
Das Unternehmen verfügt über 7 Werften und eine Offshore-Flotte von 21 Konstruktionsschiffen  Offshore-Flotte von 21 Bauschiffen (davon 17 eigene und 4 im Besitz von Dritten, die von Saipem verwaltet werden) und 15 Bohrinseln, von denen 9 Eigentum sind. Das Unternehmen ist stets auf technologische Innovation ausgerichtet und hat sich zum Ziel gesetzt, „Engineering für eine nachhaltige Zukunft“. In diesem Sinne unterstützt Saipem seine Kunden bei der Energiewende mit zunehmend digitalen Mitteln, Technologien und Prozessen zu unterstützen, die auf ökologische Nachhaltigkeit ausgerichtet sind.

Umweltverträglichkeit. Das an der Mailänder Börse notierte Unternehmen ist in über 50 Ländern weltweit vertreten und beschäftigt 30 Tausend Mitarbeiter aus 120 verschiedenen Nationalitäten.
Quelle:  https://www.saipem.com/en

UPDATE  Oct 24,2024 about financial figures Q3/2024:

Shares in Saipem rise on Q3/2024  beat,   guidance   h i k e

Oct 24, 2024 at 8:23 am GMT

** Shares in Italy's Saipem SPMI.MI rise as much as 5.5% after the oil services operator posted consensus-beating Q3 and raised its FY guidance

** Saipem's Q3 revenue rises to 3.71 billion euros ($4.01 billion), with adj. EBITDA surging to 340 million euros

** J.P. Morgan deems the results a "solid beat" and expects a positive reaction to the strong FCF, in addition to positively trending execution margins and the company's attractive valuation

** Jefferies highlights Saipem's backlog record over 33 billion euros and estimates 125 million euros in dividend payout in 2025, equal to a 3% dividend yield

** "Very strong results, increase in guidance and therefore buy", a Milan-based analyst says

** The group expects FY revenue to exceed 14 billion euros, and EBITDA to be above 1.3 billion euros

** At 0806 GMT the stock rises 3.8%, outperforming the STOXX .STOXX index, which rises by 0.5%

** Including Thursday's rise, the stock has gained 43.1% YTD

Source  https://www.xm.com/research/markets/allNews/reuters/shares-in-saipem-rise-on-q3-beat-guidance-hike-53952179    
Reporting by Michela Stasio, Giancarlo Navach, editing by Enrico Sciacovelli

Einige der jüngeren Auftragsentwicklungen 2024:

19. Dez. 2024  Saipem has been awarded a new offshore contract by Shell in Nigeria worth appr. 900 million USD

12. Dez. 2024  Saipem Wins Two C02 Transport, Storage Projects In UK For Around EUR 650 Mln

27. Nov.   Saipem Gets  $ 1B Job at BP’s Indonesian Gas and CCUS Project

13.10. In September Saipem won an offshore contract worth around $2 billion for the development of the Marjan oil field in Saudi Arabia.  It was also awarded other offshore contracts with Saudi Aramco, worth about $1 billion in total, and an offshore contract worth $4 billion with QatarEnergy, one of the world's top LNG suppliers.

Q1/2024   Apr 23, 2024  Reuters:    Saipem stumbles on Q1 results below expectations

JEDOCH:   Italy's Saipem says first-quarter core earnings jump 40%

Apr 22, 2024

MILAN, April 22 (Reuters) -Italian energy contractor Saipem SPMI.MI said on Monday its first-quarter adjusted core earnings rose 40% on the same period of last year, driven by growth at its offshore engineering and construction business.    Adjusted core earnings increased to 268 million euros ($285 million) from 191 million euros in the same period of last year.  The group said its most significant new contract in the first three months of the year was the execution of the Whiptail oilfield development project for ExxonMobil XOM.N offshore Guyana.  

Saipem: results for the first quarter of 2024

The first quarter results show the steady improvement of the operational and financial performance, in line with the objectives of the Strategic Plan In the first quarter of the year, the Group achieved a net profit of 57 million euro,  EBITDA of 268 million euro, a cash generation of 68 million euro and a consequent decrease in net financial debt, including lease liabilities, of 52 million euro.

The level of the backlog, equal to 29 billion euro, and the robust commercial pipeline

confirm the visibility on the activity expected over the course of the Strategic Plan

With regard to the first quarter of 2024, the Saipem Group achieved:

• Revenue: €3,047 million, +18% compared to the corresponding period of 2023

• Adjusted EBITDA: €268 million, +40% compared to the corresponding period of 2023

• Cash generation of €68 million

• New contracts for approximately €2 billion. Around 75% of new contracts were in offshore business E&C

• Pre-IFRS 16 net financial position as of March 31, 2024: positive net cash of €284 million (post-IFRS 16

net debt of €209 million)

**   Quelle results:  https://www.saipem.com/sites/default/files/2024-04/PR%20Saipem%2022.04.2024.pdf

Die Daten wurden zusammengetragen Ende July 2024; incl. einem Q3 update am 29.10.2024 sowie einem Backlog und sharholder Update am 27.11.2024 von Andy Kubin, der selber seit rund zwei Jahren in SAIPEM investiert ist!
Der Ersteinstieg des Autors erfolgte bei  1,67 Euro je stake. Bei einer Kursnotiz am 27.11.2024 von 2,42 Euro je Anteil erfolgte eine stake-Aufstockung.
LEGAL disclaimer: Dies ist keine Anlageberatung.