Q1 2025 Saipem SpA Earnings Call Transcript

Apr 24, 2025 / 08:30AM GMT
Operator

Good morning. This is the conference operator. Welcome and thank you for joining the Saipem first-quarter 2025 results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Alessandro Puliti, CEO of Saipem. Please go ahead, sir.

Alessandro Puliti - Saipem SpA - Chief Executive Officer, Managing Director, General Manager, Executive Director

Good morning and welcome to the presentation of Saipem results for the first quarter of 2025. Paolo Calcagnini, our CFO, and the rest of the top management team are here with me today in Milan.

I will start by giving you the key highlights. Paolo will then cover the financial results in more details, and we will then wrap up the presentation with few closing remarks. After our prepare remarks, there will be time for a Q&A session.

Let's start with the key highlights. I'm pleased to report, in Q1 2025, Saipem recorded the strongest performance of the last decade in terms of first quarter revenue, EBITDA and cash flow. Revenue stood at EUR3.5

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