Saipem SpA (SAPMY) Q1 2026 Earnings Call April 22, 2026 4:30 AM EDT
Company Participants
Alessandro Puliti - CEO, GM, COO & Director
Paolo Calcagnini - CFO, Chief Project Control & Financial Advisory Officer
Conference Call Participants
Alessandro Pozzi - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Mick Pickup - Barclays Bank PLC, Research Division
Guillaume Delaby - Bernstein Institutional Services LLC, Research Division
Mark Wilson - Jefferies LLC, Research Division
Massimo Bonisoli - Equita SIM S.p.A., Research Division
Kevin Roger - Kepler Cheuvreux, Research Division
Sebastian Erskine - Rothschild & Co Redburn, Research Division
Richard Dawson - Joh. Berenberg, Gossler & Co. KG, Research Division
Guilherme Levy - Morgan Stanley, Research Division
Anna Butko Kishmariya - UBS Investment Bank, Research Division
Matthew Smith - BofA Securities, Research Division
Kate O'Sullivan - Citigroup Inc., Research Division
Alejandra Magana - JPMorgan Chase & Co, Research Division
Presentation
Operator
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Saipem First Quarter 2026 Results Conference Call. [Operator Instructions]. At this time, I would like to turn the conference over to Mr. Alessandro Puliti, CEO of Saipem.
Alessandro Puliti
CEO, GM, COO & Director
Good morning, and thank you for joining the presentation of Saipem First Quarter 2026 results. I'm here in Milan today with our CFO, Paolo Calcagnini, and with the other members of Saipem top management team. The agenda for this session is the following. I will start with an overview of the key operational and financial highlights of the quarter.
Paolo will then deep dive in the financial performance, and I will conclude the presentation with a few closing remarks. We will then open the floor to your questions. Let me begin with the key highlights of the first quarter. Saipem reported revenue of EUR 3.5 billion, in line with the same period of last year. Despite the conflict
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