Preliminary Q4 2023 Saipem SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining Full Year 2023 Results and Strategy Update Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Alessandro Puliti, CEO and General Manager of Saipem. Please go ahead, sir.
Good morning, and welcome to Saipem 2023 Full Year Results Presentation and Strategy Update. I'm here with our CFO, Paolo Calcagnini, and with the rest of the top management team. We will start with a review of the key achievements of 2023 and will then go through the 2024-2027 strategic plan, including our financial targets and expected capital allocation.
Let's start with the highlights of the fourth quarter 2023. I'm pleased to report that we delivered another quarter of strong execution. We achieved revenue growth of 20% year-on-year and 16% quarter-on-quarter, largely driven by the contribution of our offshore activity. EBITDA growth was also strong at 91% year-on-year and
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