Adjusted EBITDA grew 31% year-on-year to $471 million with a 24% margin, driven by strong project execution and high vessel utilization. Backlog reached $13.6 billion, and full-year EBITDA margin guidance was raised to ~24%. Renewables market remains subdued, while merger integration with Saipem pr…
Adjusted EBITDA grew 31% year-on-year to $471 million with a 24% margin, driven by strong project execution and high vessel utilization. Backlog reached $13.6 billion, and full-year EBITDA margin guidance was raised to ~24%. Renewables market remains subdued, while merger integration with Saipem progresses.
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