Saipem SpA (OTCPK:SAPMY)
$ 0.4565 0.0115 (2.58%) Market Cap: 4.50 Bil Enterprise Value: 8.12 Bil PE Ratio: 45.65 PB Ratio: 2.17 GF Score: 50/100
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Q2 2023 Saipem SpA Earnings Call Transcript

Jul 27, 2023 / 08:30AM GMT
Release Date Price: $0.31255 (-0.79%)
Operator

Good morning. This is the conference operator. Welcome, and thank you for joining the Saipem First Half 2023 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.

Alessandro Puliti
Saipem SpA - CEO, GM, COO & Director

Thank you, and good morning, and welcome to Saipem First Half 2023 Results Presentation. I'm here with our CFO, Paolo Calcagnini, and with the rest of Saipem's top management team. I'm also pleased to have here in the room, Alberto Goretti, who recently joined us as Head of Investor Relations.

Let's start with the financials. Q2 was another quarter of strong delivery, driven mainly by our offshore business. In the second quarter, we delivered a robust revenue growth of 70% year-on-year and 7% quarter-on-quarter. EBITDA growth was even stronger than revenues, at 48% year-on-year and 15% quarter-on-quarter. In the second quarter, we achieved an improved EBITDA margin of 7.9%, reflecting better profitability

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