SAIPEM: Board approves preliminary consolidated results 2012

•Net profit for 2012 amounted to €902 million, -2.1% compared to 2011.
•Net profit for the fourth quarter of 2012 amounted to €180 million, -30.2% compared to the fourth quarter of 2011.
•New contracts won in 2012 amounted to €13,391 million (€12,505 million in 2011), while the backlog at December 31, 2012 stood at €19,739( ) million (€20,417 million at December 31, 2011).
•Investments in 2012 amounted to €1,015 million (€1,199 million in 2011).
•Pay-out policy confirmed at one third of consolidated net profit: a dividend of €0.68 per ordinary share (€0.70 last year) proposed to Shareholders' Meeting

Today, the Board of Directors of Saipem S.p.A. reviewed the Saipem Group preliminary consolidated results as at December 31, 2012 (not yet submitted to the Company Statutory Auditors and Independent Auditors), which have been prepared in compliance with the International Financial Reporting Standards (IFRS).

Saipem is organised into two Business Units: Engineering & Construction and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and execution of large-scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.





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