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Saipem : De-risking the portfolio: the key to cash generation
>Our forecasts for EBITDA up by 5%. Neutral rating and target price raised to € 2.1 - Following the conference call (for more details on Q2 2024 results please see our First Take 24 July 2024), we have raised our forecasts for EBITDA by an average of 5% for 2024-2026 (more robust activity and margins in Asset Based Services). The 9% upward revision to EPS stems from lower than previously anticipated financial charges. Our target price now stands at € 2.1 (vs € 2 prev...
Underlying
SAIPEM S.P.A.
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Baptiste Lebacq
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