Composite valuation range · conservative €3.5–€3.9 / fair €4.2–€4.9 / optimistic €5.4–€6. At €4.4, Within the fair intrinsic-value range.
A JV including Saipem won Romania's A8 Motorway Lot 4 contract worth about €700 million; Saipem's share is about €245 million.
Possible impact:May affect infrastructure backlog visibility and expectations for non-oil-and-gas activities.
Saipem signed a $285 million agreement to sell its Saudi shallow-water drilling activities to ADES, with closing expected in Q3 2026.
Possible impact:May affect cash proceeds, portfolio mix and expectations for focus on higher-value offshore drilling.
Saipem won a Greater PAJ offshore Angola contract from Azule Energy, with a duration of about 40 months and value of $1 billion.
Possible impact:May affect offshore backlog, revenue visibility and expectations for deepwater activity in Angola.
Saipem was awarded an onshore EPC contract for Saudi Arabia's Uthmaniyah Gas Compression Plant; its share is about €900 million.
Possible impact:May affect Middle East onshore EPC backlog and multi-year revenue recognition expectations.
Saipem received a roughly $150 million LNTP from ExxonMobil Guyana for Longtail; the full contract could be worth $750 million to $1.5 billion if approved.
Possible impact:May affect expectations for Guyana offshore order pipeline and a future large EPCI contract.
Automatically summarized from public sources; for context only, not investment advice.
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