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Saipem confirm preliminary consolidated results 

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LNG Industry,

The Board of Directors of Saipem S.p.A., chaired by Paolo Andrea Colombo, has approved the Saipem Group Consolidated Financial Statements as of 31 December 2016, which showed a net result of -€2087 million (€-806 million in 2015). The Board also approved the draft Statutory Financial Statements of Saipem SpA which reported a net result of -€808 million (-€127 million in 2015). The Board of Directors confirmed that it shall not propose a distribution of dividends to the Annual Shareholders’ Meeting. 

The Consolidated and draft Statutory Financial Statements of Saipem SpA have been made available to the Board of Statutory Auditors and to the Independent Auditors, together with the Directors’ Report. The Annual Report will be made available to the public in accordance with the law. 

The Board of Directors also approved Saipem’s Corporate Governance and Shareholding Structure Report, the Saipem Sustainability Report and the Remuneration Report. All of these documents will be published at the same time as the 2016 Annual Report. 

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