Saipem SpA (OTCPK:SAPMF)

$ 2.495 0.075 (3.1%) Market Cap: 4.88 Bil Enterprise Value: 5.84 Bil PE Ratio: 17.88 PB Ratio: 1.90 GF Score: 61/100

Full Year 2019 Saipem SpA Earnings Call Transcript

Feb 26, 2020 / 08:00AM GMT

Release Date Price: $10.56

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the 2019 Full Year Results Presentation Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, the 26th of February 2020, and I'd like to turn the conference over to your speaker today, Mr. Stefano Cao, CEO. Please go ahead, sir.

Stefano Cao

Saipem SpA - Former CEO & Director

Good morning. And welcome to our full year 2019 results presentation. I'm joined today by Stefano Cavacini, our CFO; and our heads of division, Francesco Racheli for Offshore E&C; Maurizio Coratella for Onshore E&C; Marco Toninelli for Drilling Offshore; Stefano Porcari for Onshore Drilling, Mauro Piasere for XSIGHT; together with our General Accountant, Mario Colombo; and our Head of Investor Relations, Max Cominelli, in simple terms, the core team of the company.

2019 was indeed a very good year with Saipem meeting its financial and operational targets. We closed the year with revenues of EUR 9.1 billion, up over 6% year-on-year. Adjusted

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