SAPMY - Saipem SpA (SAPMF) Q1 2024 Earnings Call Transcript
2024-04-23 12:26:03 ET
Saipem SpA (SAPMF)
Q1 2024 Earnings Conference Call
April 23, 2024 04:30 AM ET
Company Participants
Alessandro Puliti - Chief executive Officer & General Manager
Paolo Calcagnini - Chief financial officer
Conference Call Participants
Mick Pickup - Barclays
Alessandro Pozzi - Mediobanca
Guilherme Levy - Morgan Stanley
Kate O'Sullivan - Citi
Victoria McCulloch - RBC
Richard Dawson - Berenberg
Kate Somerville - JPMorgan
Massimo Bonisoli - Equita
Kevin Roger - Kepler Cheuvreux
Guillaume Delaby - Bernstein
Francesco Sala - Banca Akros
Presentation
Operator
Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the Saipem First Quarter 2024 Results Presentation. As a reminder, all participants are in listen-only mode. After the presentation, there would be an opportunity to ask questions. [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Alessandro Puliti, CEO and General Manager. Please go ahead, sir.
Alessandro Puliti
Good morning and welcome to the presentation of our first quarter 2024 results. I'm here with Paolo Calcagnini, our CFO and with the rest of the top management team. I will start with the key highlights and then Paolo will cover the financial results in more details. I will then wrap-up the presentation with some closing remarks before opening the Q&A session.
Let's start with the highlights of the first quarter. I am pleased to report that in the first three months of the year, we have delivered strong growth and most importantly high cash flow conversion.
Revenues stood at €3 billion growing by 18% year-on-year largely driven by the contribution of our offshore activity. EBITDA stood at €268 million growing by 40% year-on-year....
Saipem SpA (SAPMF) Q1 2024 Earnings Call Transcript