Saipem: the Board of Directors Approves the 2022 Consolidated and Draft Statutory Financial Statements, Convening the Annual General Shareholders’ Meeting
2022 preliminary results are confirmed as per the press release of February 27, 2023
Main consolidated results continuing operations:
- Revenues: €9,980 million
- Adjusted EBITDA: €595 million
- EBITDA: €543 million
- Adjusted EBIT: €150 million
- EBIT: €98 million
- Adjusted net result: loss of €139 million
- Net result: loss of €209 million
Milan, March 14, 2023 – The Board of Directors of Saipem SpA, chaired by Silvia Merlo, has approved during today’s meeting the Group’s Consolidated Financial Statement as of December 31, 2022, which closed with a loss of €209 million (loss of €2,467 million in 2021) and the draft of Statutory Financial Statement of Saipem SpA, which closed with a loss of €256 million (€2,382 million in 2021), prepared in accordance with the International Financial Reporting Standard (IFRS approved by the EU). The results and associated industrial trends have been illustrated in the press release relating to the preliminary results as of December 31, 2022, released on February 27, 2023 and made available on the Company’s website, www.saipem.com.
Data and information required on a quarterly basis by Consob on May 10, 2022 pursuant to Article 114, subparagraph 5 of the Consolidated Law on Finance, are confirmed, as given in the aforementioned press release of February 27, 2023. Please refer to it for further information.
The Board of Directors has resolved not to propose to the General Shareholders’ Meeting the distribution of dividends.
In the same meeting, the Board of Directors has also approved the Consolidated Financial Statements prepared in accordance with the new European provisions for the standardisation of communication languages (ESEF – European Single Electronic Format) which provide for the adoption of the “inline XBRL” standard and the labelling of Consolidated Financial Statements balance sheets using IFRS taxonomy adopted by ESMA.
The Consolidated Financial Statement and draft Statutory Financial Statement of Saipem SpA have been made available to the Board of Statutory Auditors and to the Independent Auditors, together with the Director’s Report. The Annual Report will be available to the public in terms of law at the registered office, on the company’s website, www.saipem.com, at the authorised storage facility “eMarket STORAGE” (www.emarketstorage.com), and on Borsa Italiana SpA website (www.borsaitaliana.it).
The Board of Directors approved the Report on Corporate Governance and Shareholding Structure and the Report on Remuneration Policy and Compensation Paid, as well as the 2022 Non Financial Statement (NFS) prepared in accordance with Legislative Decree No. 254/2016, integrated as a separate section of the Director’s Report. The Board of Directors has also approved the document ‘Sustainability Report 2022’, which the Company has issued since 2006 and which presents a wide reporting to a vast audience of international stakeholders. The Report describes the commitments and goals for business sustainability within the energy transition and for sustainable mobility through the pursuit, in particular, of Net Zero objectives, of the respect of human rights, of diversity and inclusion, of local development and business ethics, all factors that contribute to the creation of value shared by the Company in the short and long term. These documents will be published together with the Annual Report.
