Report
Baptiste Lebacq

Saipem : « Don’t cry for me Argentina », les perspectives restent porteuses en ingénierie

>Recommandation Alléger maintenue, OC relevé à 4.4 € sous l’effet du désendettement - Post publication des résultats du T3 2019, nous ajustons notre séquence de résultats afin d’intégrer une (re)montée plus lente qu’initialement escompté des marges notamment pour les divisions forage. Le groupe continue de travailler sur une désensibilisation aux métiers du forage, cependant la dureté de ce creux de cycle sur ce segment de marché ne semble pas faciliter la finalisatio...
Underlying
Saipem S.p.A.

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.

Provider
Oddo BHF
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.

Analysts
Baptiste Lebacq

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