MILAN, Feb 24 (Reuters) - Italian energy contractor Saipem said on Tuesday it expected its adjusted core earnings to rise to roughly 1.9 billion euros ($2.2 billion) this year, from 1.72 billion euros
Saipem’s Q4 Adjusted Core Earnings Climb 22%, Eyes €1.9B in 2026
2026 Adjusted Earnings Outlook (~€1.9B)
Saipem Q4 2025 Results and 2026 Outlook
MILAN, Feb 24 (Reuters) - Italian energy contractor Saipem said on Tuesday it expected its adjusted core earnings to rise to roughly 1.9 billion euros ($2.2 billion) this year, from 1.72 billion euros in 2025.
Merger Agreement with Subsea 7
Adjusted Core Profit Up 22% Year-on-Year
The Milan-based group, which last year signed an agreement to merge with its rival Subsea 7, said its adjusted core profit in the fourth quarter of 2025 rose nearly 22% year-on-year.
EBITDA Beats LSEG Consensus (€515m vs €482m)
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 515 million euros, beating an analyst consensus of 482 million euros compiled by LSEG.
Exchange Rate Used: $1 = €0.8488
($1 = 0.8488 euros)
Reporting and Editing Credits
(Reporting by Francesca Landini, editing by Alvise Armellini)
