Saipem exceeded all targets in 2019

The Italian oil service firm turned a nearly half-billion-euro deficit into positive figures on its bottom line, doubling its intake of new orders.
Saipem has started to make money again, according to the firm's annual report. | Photo: Alessandro Garofalo/Reuters/Ritzau Scanpix
Saipem has started to make money again, according to the firm's annual report. | Photo: Alessandro Garofalo/Reuters/Ritzau Scanpix

Following a tough 2018 ending in a deficit of EUR 422 million, Italian oil service company Saipem once again sneaks in a positive result.

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