Saipem 1H26 net result drops 6% to EUR 131 million; revenue rises 2% to EUR 7.35 billion

Reuters2026/07/28 08:02

By:Reuters

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Saipem 1H 2026 revenue rose 2% to EUR 7.35 billion; adjusted EBITDA climbed 9% to EUR 836 million, lifting margin 0.8 percentage point to 11.4%.
Adjusted net result fell 6% to EUR 131 million; reported net result dropped to EUR 96 million on a EUR 35 million negative delta versus adjusted.
Net cash pre-IFRS 16 totaled EUR 1.08 billion at June 30; free cash flow post lease-liability repayments reached EUR 388 million.
2026 guidance kept revenue at about EUR 15.5 billion; adjusted EBITDA cut to about EUR 1.75 billion due to Middle East conflict costs and shallow-water drilling deconsolidation.
Saipem agreed to sell its shallow-water drilling unit to ADES for $285 million cash, with completion expected in 3Q 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saipem S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 158862.pdf), on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Saipem 1H26 net result drops 6% to EUR 131 million; revenue rises 2% to EUR 7.35 billion

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