Q1 2024 Saipem SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the Saipem First Quarter 2024 Results Presentation. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Alessandro Puliti, CEO and General Manager. Please go ahead, sir.
Good morning and welcome to the presentation of our first quarter 2024 results. I'm here with Paolo Calcagnini, our CFO, and with the rest of the top management team. I will start with the key highlights and then Paolo will cover the financial results in more details. I will then wrap up the presentation with some closing remarks before opening the Q&A session. Let's start with the highlights of the first quarter. I am pleased to report that in the first 3 months of the year, we have delivered strong growth and most importantly, high cash flow conversion. Revenues stood at EUR 3 billion growing by 18% year-on-year largely driven by the contribution of our offshore activity. EBITDA stood at EUR 268
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