Saipem accounts alarm: losses of more than a third of the capital. And the stock falls 30% – Archyde

Abrupt setback for Saipem that triggers a profit alarm and collapses on the stock exchange with the share, which does not open at first and then sells off 30 percent. The jolt comes after a board meeting convened over the weekend with the company led by Francesco Caio, which announced the revision of the backlog impacted by the pandemic and increases in raw material and logistics costs, as well as the withdrawal of forecasts communicated at the end of October.

With the effect, the company explains in a note …

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