BAKU, Azerbaijan, Oct.28
By Leman Zeynalova – Trend:
Italian Saipem expects revenues of approximately €4.5 billion in the second half of 2021, Trend reports with reference to the company.
Saipem forecasts positive adjusted EBITDA, capital expenditure of approximately €250 million, and net financial debt post-IFRS 16 at around €1.7 billion at year end.
This scenario does not account for a further and possible deterioration of the macroeconomic and business environment following, for example, the intensification of the COVID-19 pandemic.
“2021 remains conditioned by the uncertainty resulting from the persistence of the pandemic. In the first nine months of the year, the health crisis effects on business coupled with some difficulties related to linked to the offshore wind sector, influencing the operational performance. The business outlook for 2021 inevitably remains influenced by the uncertainty resulting from the persistence of the pandemic and the difficulties in operational performance in offshore wind,” said Saipem.
During the crisis, the company continued its commitment to the protection, health and safety of its people, in close relationships with clients and local authorities, in order to ensure the continuity of operations and safety at operational sites, and acting with responsibility towards the local communities.
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