Kepler Cheuvreux recently upgraded Saipem, an Italian oil and gas industry contractor. The upgrade reflects a positive outlook on Saipem’s financial health and market position. According to the analysis, Saipem’s stock has shown a 15% increase in value over the past six months. The firm’s debt-to-equity ratio has improved by 10% since the last quarter, now standing at 1.2. Additionally, Saipem’s order backlog has grown by 20%, reaching €25 billion, which suggests strong future revenue potential. The company’s EBITDA margin is expected to rise by 2% in the next fiscal year. These statistics underline the reasons behind Kepler Cheuvreux’s decision to upgrade Saipem’s rating, highlighting the firm’s robust financial recovery and promising market prospects.
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