Financial Report

The report records Saipem Group's 2006 consolidated revenues of €7,517 million and net profit of €384 million, following the acquisition of Snamprogetti. Average workforce increased to 29,163, while the LTIFR and TRIFR improved to 0.84 and 2.34, respectively, compared with 2005. Six fatal accidents were recorded, involving two Saipem employees and four subcontractors' personnel. The sustainability section also describes renewed ISO 14001 certifications at several operating companies and work to consolidate environmental data across the Group.