Saipem, Caio: ‘With the new plan indicated the street, the market will judge us’

“It is the market that decides. Our commitment is to create a more resilient company over time. Saipem’s CEO, Francesco Caio, said this at a press conference for the presentation of the accounts for the third quarter and the strategic plan for 2025, talking about the performance of the share on the stock market. The numbers of the quarterly presented today “are the result of past choices that we have to manage in a phase of transition and derisking. The market will then judge our action on the basis of facts. We – he concluded – have indicated a path and on that path the market will measure us “.” We are candidates to expand our role alone or with partnerships “on the front of sustainable infrastructures,” because we see a growing rapprochement of those infrastructures to ours. trades “. The amount of Pnrr investments” of which we have visibility and which could fall within our aspirations is about 26 billion and we have indicated our target at 3 billion, putting our skills at the service of the country “, he continued . “We are not thinking of any layoffs. We are thinking of a rationalization, but there are no plans for redundancy “. The increase in the price of oil is explained by” the demand that resumes and investments that have stopped for years that restart “and for Saipem it is” an opportunity, because in the face of these dynamics, the investments of our customers and of our traditional geographies are restarting. “” Our numbers already show the recovery of investments, suspended due to the pandemic, and of drilling “, he added.” We expect an investment cycle that goes beyond the price of oil and to do so in a sustainable way will need our technologies. ”And the resumption of investments” is the basis for our growth “.