Saipem SpA (LTS:0RPI)
€ 2.351 0.026 (1.12%) Market Cap: 4.60 Bil Enterprise Value: 5.50 Bil PE Ratio: 18.08 PB Ratio: 1.92 GF Score: 57/100

Q2 2020 Saipem SpA Earnings Call Transcript

Jul 29, 2020 / 07:00AM GMT
Release Date Price: €4.69 (-10.00%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Saipem First Half 2020 Results Conference Call.

(Operator Instructions)

I must advise you that this conference is being recorded today, Wednesday, 29th of July 2020. And without any further delay, I would now like to hand the conference over to your first speaker today, Stefano Cao. Thank you. Please go ahead.

Stefano Cao
Saipem SpA - Former CEO & Director

Ladies and gentlemen, good morning, and welcome to Saipem's First Half 2020 Results. I am joined today by Stefano Cavacini, our CFO; and Max Cominelli, our Head of Investor Relations. The 3 of us are in the same room, but our divisional CEOs are connected remotely from their offices. We are doing our best to ensure that the technology works, but since we are still relying on some mobile connection, please be patient if any issue arises during the call. As always, we will make sure that Max and his team will follow-up promptly after the call.

Last time we spoke was the 23rd of April, and most of us were in

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