Saipem SpA Reports Q2 Results and Updates FY2026 Outlook
Saipem SpA reported second-quarter revenue of €3.82 billion, representing a year-over-year increase of 3.5%. The company's adjusted EBITDA for the quarter was €402 million, down by 2.7% compared to the same period in 2025. Despite this decline, Saipem secured new contracts totaling approximately €4.1 billion during the quarter. The firm also provided an update on its capital expenditure plans, reporting a total of €133 million for Q2—down from €187 million in the same period last year—with €89 million allocated to specific projects. The company's updated outlook reflects ongoing market conditions and strategic priorities as it moves toward FY2026. The results highlight Saipem’s resilience amid fluctuating EBITDA performance, supported by strong new contract wins that could drive future growth.
Topics: ebitda new_contracts revenue