Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Saipem 2013 Dividend Forecast Cut 59% by Bloomberg Analysts

Saipem SpA, Europe’s largest oil-services provider, had its dividend forecast cut by 59 percent by Bloomberg analysts.

The company’s dividend from 2013 earnings to be paid in 2014 was forecast to decrease to 35 euro cents a share from a previous estimate of 85 cents. The forecast for Saipem’s 2012 dividend was also cut, by 6.7 percent, Bloomberg analysts said today in a note.

The company tumbled a record 34 percent on Jan. 30 after it announced that 2013 earnings before interest and tax would be less than half the amount expected. Saipem was scheduled to meet Italy’s market regulator Consob today as Consob investigates a stock sale of almost 10 million shares, or 2.3 percent of the company, made prior to the company’s statement.

The seller, who hired Bank of America Corp. to manage the sale, hasn’t been named.

Saipem’s shares gained 2.9 percent to 20.68 euros in Milan today as of 11:04 a.m. local time.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.