Adjusted net profit was €994 million, up €102 million from a year ago, or 11.4%, driven by an higher turnover.

Return On Average Capital Employed calculated on an adjusted basis was 14% in 2010 (15.4% in 2009).

Orders acquired amounted to €12,935 million, up €3,018 million from 2009 (up 30.4%), in particular in onshore activity.

Order backlog was €20,505 million at December 31, 2010 (€18,730 million at December 31, 2009) related in particular to projects in the Middle East (27%), North Africa (18%) and the Americas (16%).

Capital expenditures amounted to €1,552 million, slightly lower than in 2009 (down €78 million, or 4.8%). The main projects related to the upgrade of the construction and drilling fleet.

2010 Highlight