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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Saipem    SPM   IT0005252140

SAIPEM

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Saipem : reveals updates after vessel accident in Caspian

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07/19/2019 | 03:41am EDT

Baku, Azerbaijan, July 19

By Leman Zeynalova – Trend:

Six out of 10 people, injured as a result of the explosion on “Israfil Huseynov” vessel operated by Italy’s Saipem company in the Caspian Sea, are discharged and continuing recovery at their home cities, while four are still in hospitals in UK, Italy and Turkey, Saipem told Trend.

However, the company refused to answer the question about the current state of the vessel.

“We cannot disclose exact information about the progress of our projects, due to confidentiality agreement with our clients, as you surely know and understand, but we are continuing to work on the various projects in Azerbaijan, which continues to be an important country of operations for Saipem,” said the company.

On May 8 in the evening, an explosion occurred on the vessel “Israfil Huseynov” operated by Saipem for pipelaying in the Caspian Sea in the framework of the Shah Deniz II project.

In the early hours of morning on May 9, the transportation to hospital of the fourteen people involved in the accident, all employees of the Saipem Group, was completed.

The company said the incident was related to maintenance operations on an item of equipment during pipe-laying activities.

---

Follow the author on Twitter: @Lyaman_Zeyn

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials (EUR)
Sales 2019 9 034 M
EBIT 2019 529 M
Net income 2019 101 M
Debt 2019 1 312 M
Yield 2019 0,28%
P/E ratio 2019 39,1x
P/E ratio 2020 19,2x
EV / Sales2019 0,63x
EV / Sales2020 0,56x
Capitalization 4 408 M
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Average target price 5,54  €
Last Close Price 4,42  €
Spread / Highest target 62,7%
Spread / Average Target 25,1%
Spread / Lowest Target -11,8%
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