Saipem : Better positioned to weather a new crisis
After reporting satisfactory operating results and a significant improvement in its credit metrics in 2019, Saipem enters 2020 with an extremely high order book. However, the fall in oil prices since the beginning of the year will lead to drastic spending cuts in the oil sector in the coming months. Thus, the execution of the backlog should take longer than initially expected and could be affected by operating woes related to the health crisis. However, Saipem is currently benefi...Saipem is a global contractor with local presence in Africa, Central Asia, America, the Middle East and South East Asia. Co. provides engineering, procurement, construction and installation services; and engineering, procurement and construction services to the oil and gas industry, both onshore and offshore, with a focus on projects, including activities in remote areas, in deep waters and on projects that involve difficult gas or crude supplies.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.