Saipem Board of Directors approves Interim Report as at March 31, 2013

Saipem Board of Directors approves Interim Report as at March 31, 2013

results in line with expectations.
•Confirmation of results guidance 2013 released on January 29, 2013.
•Despite uncertainty in the market, management confirms Saipem’s competitive positioning and new contracts won in Q1 of €2,883 million (€3,116 million in Q1 2012).
•Backlog at March 31, 2013 stood at €19,533 million (€19,739 million at December 31, 2012).
•Revenues of €3,089 million: -1.4% versus Q1 2012.
•Operating profit of to €202 million: -45.8% versus Q1 2012.
•Net profit of to €110 million: -52.4% versus Q1 2012.
•Investments of €340 million (€316 million in Q1 2012).

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