Report
Saipem : The recovery is confirmed
>Neutral rating, target price raised to € 2.2 (vs € 2.1) - Following the conference call (for more details on Q3 2024 results please see our First Take of 24 October 2024), we have raised our forecasts for EBITDA by an average of 2% for 2024-2026 (more robust activity and margins notably in asset-based services). The increase of 4% on average for EPS is due to interest expense being lower than previously expected. Our target price now stands at € 2.2 (vs € 2.1 pr...
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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