Brief: Saipem CEO says some extra costs from Middle East crisis may be recovered in 2027

Subsea 7

28/07/2026 10:15

July 28 (Reuters) - Saipem CEO Alessandro Puliti SPMI.MI says in post-results call:
ITALY'S SAIPEM CEO: WE THINK WE CAN RECOVER A GOOD PART OF EXTRA COSTS LINKED TO MIDDLE EAST CRISIS
ITALY'S SAIPEM CEO: WE EXPECT ORDER INTAKE TO ACCELERATE IN H2, 2026
SAIPEM CEO: GROUP RECORDED HIGHER RATES FOR BARGES, TEMPORARY STORAGE COSTS, COST FOR REPATRIATION OF WORKERS DUE TO IRAN WAR
ITALY'S SAIPEM CEO: IT IS NORMAL THAT EU AND AUSTRALIA ANTITRUST HAVE DECIDED TO LAUNCH PHASE 2 INVESTIGATION ON MERGER WITH SUBSEA7
ITALY'S SAIPEM CEO: RENEGOTIATION ON EXTRA COSTS WITH CLIENTS CAN TAKE TIME, WE MAY RECOVER SOME COSTS IN 2027
ITALY'S SAIPEM CEO: WE EXPECT THAT EXTRA PREMIUM FOR VESSELS, EXTRA COSTS FOR LOCAL SUPPORTING VESSELS WILL LAST FOR A WHILE
ITALY'S SAIPEM CEO: WE HAD 3 INBOUND IMPORTANT DELIVERIES TO QATAR IN JUNE AND ONE OUTBOUND CROSSING
ITALY'S SAIPEM CEO: : WE PLAN AROUND 10 INBOUND CROSSINGS OF HORMUZ IN H2, WE WILL WAIT FOR SAFE WINDOW TO DO THEM
Source text: [ID:]
Further company coverage: SPMI.MI

 (Reporting by Milan newsroom)