Saipem
- Backlog€23.6 BH1, 2021
- Revenue€7.3 BFY, 2020
- Market Capitalization€1.1 B2022-05-13
OverviewSuggest Edit
Saipem is a global company engaged in engineering and drilling activities and in the development of major projects in the energy and infrastructure sectors. Its organizational model consists of Offshore Engineering & Construction, Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling businesses, and XSIGHT, dedicated to conceptual design. The company provides engineering, procurement, project management, construction, and drilling services primarily for the oil and gas, complex civil and marine infrastructure, and environmental markets. It also designs and constructs hydrocarbon and fertilizer production and treatment plants and manages projects in the natural gas liquefaction (LNG) sector.
| Type | Public | |
| Founded | 1957 | |
| HQ | San Donato Milanese, IT | Map |
| Website | saipem.com | |
| Employee Ratings | ||
| Overall Culture | A+ | More |
Recent NewsAll News
- Saipem Is Said to Explore $4.5 Billion Survival Package
- Offshore Drilling Market to Gain Traction; Saipem and Eni Sign Deal to Conduct Offshore Drilling Activities in Mozambique: Fortune Business Insights™
- Saipem Overhauls Management in a Bid to Fix Business, Finances
- Italy Weighs Bolstering Saipem Management After Profit Warning
Key People/Management at Saipem
Francesco Caio
Chief Executive Officer and General Manager, Non Independent
Director
Antonio Paccioretti
Chief Financial Officer and Manager in Charge of The Preparation of The Company’s Financial Reports
Silvia Abrate
Director of Risk Management, Supply Chain and Business Integrity
Massimiliano Branchi
Director of the Human Resources, Organisation and Services Function
Marco Satta
Director of Health, Safety and Environment
Loretana Cortis
Director of Sustainability, Identity and Corporate Communication
Saipem Office Locations
Saipem has offices in San Donato Milanese, Arbatax, Fano, Roma and in 64 other locations
San Donato Milanese, IT (HQ)
Via Martiri Cefalonia, 67
Arbatax, IT
Via Lungomare, 11
Fano, IT
Via Giuseppe Toniolo, 1d
Roma, IT
Viale Luca Gaurico, 91
San Donato Milanese, IT
Viale Alcide de Gasperi, 16
Venezia, IT
Via delle Industrie, 28
Saipem Financials and Metrics
Saipem Revenue
Saipem's revenue was reported to be €7.34 b in FY, 2020
| EUR | |
|---|---|
Revenue (Q3, 2021) | 1.9b |
Gross profit (Q3, 2021) | (1.5b) |
Net income (Q3, 2021) | (342.0m) |
EBITDA (Q3, 2021) | (578.0m) |
EBIT (Q3, 2021) | (329.0m) |
Market capitalization (13-May-2022) | 1.1b |
Closing stock price (13-May-2022) | 1.1 |
EV | 2.5b |
Saipem's current market capitalization is €1.1 b.
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Revenue | 8.5b | 9.1b | 7.3b |
Cost of goods sold | (1.8b) | (1.8b) | (5.0b) |
Gross profit | 6.7b | 7.3b | 2.4b |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.2b | 2.4b | 2.2b | 2.2b | 1.5b | 1.7b | 1.6b | 1.6b | 1.9b |
Cost of goods sold | (3.1b) | (1.5b) | (2.4b) | (1.4b) | (1.2b) | (1.2b) | (3.4b) | ||
Gross profit | 2.2b | (726.0m) | 727.0m | 2.2b | (818.0m) | 237.0m | 464.0m | 378.0m | (1.5b) |
R&D expense | (22.0m) |
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Cash | 1.7b | 2.3b | 1.7b |
Accounts Receivable | 2.3b | 2.2b | 1.7b |
Prepaid Expenses | 494.0m | 638.0m | 631.0m |
Inventories | 1.4b | 303.0m | 280.0m |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 1.0k | 1.7b | 1.4b | 1.7b | |||||
Accounts Receivable | 2.1b | 1.9b | 1.4b | ||||||
Prepaid Expenses | 1.8b | 712.0m | 683.0m | ||||||
Inventories | 304.0m | 295.0m | 278.0m |
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Net Income | (472.0m) | 12.0m | (1.1b) |
Depreciation and Amortization | 464.0m | 615.0m | 591.0m |
Inventories | 21.0m | 2.0m | 15.0m |
Accounts Payable | 140.0m | (139.0m) | 39.0m |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 21.0m | 14.0m | (269.0m) | (885.0m) | (120.0m) | (779.0m) | 1.1b | ||
Depreciation and Amortization | 148.0m | 298.0m | 421.0m | 231.0m | 99.0m | 197.0m | (648.0m) | ||
Inventories | (1.0m) | 9.0m | 5.0m | ||||||
Accounts Payable | (207.0m) | (204.0m) |
| EUR | FY, 2018 |
|---|---|
Revenue/Employee | 268.7k |
Saipem Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Moss Maritime | July 23, 2001 | |
| Andromeda Consultoria Tecnica e Representações Ltda | ||
| Boscongo SA | ||
| Denuke Scarl | ||
| ER SAI Caspian Contractor Llc | ||
| ERS Equipment Rental & Services BV | ||
| European Maritime Construction SAS | ||
| Global Petroprojects Services AG | ||
| International Energy Services SpA | ||
| Moss Maritime AS |
Saipem Revenue Breakdown
Saipem revenue breakdown by business segment: 52.9% from OIL CRUDE PRODUCERS ONSHORE, 37.4% from OIL CRUDE PRODUCERS OFFSHORE, 5.7% from ONSHORE DRILLING and 4.0% from Other
Human Capital Metrics
Saipem's employees are reported to be approximately 12% female and 88% male.
Saipem Cybersecurity Score
Saipem Environment, Social & Governance (ESG) Ratings
Saipem Online and Social Media Presence
1.37k Twitter followers
Saipem has 1.37k Twitter Followers. The number of followers has increased 1.4% month over month and increased 4.3% quarter over quarter
Saipem's Trends
Saipem Company Culture
Overall Culture
A+
95/100
CEO Rating
A+
100/100
Compensation
A+
100/100
Saipem News and Updates
February 16, 2022
Saipem Is Said to Explore $4.5 Billion Survival Package
Saipem Is Said to Explore $4.5 Billion Survival Package
February 10, 2022
Offshore Drilling Market to Gain Traction; Saipem and Eni Sign Deal to Conduct Offshore Drilling Activities in Mozambique: Fortune Business Insights™
Companies Profiled in the Market: Archer Well Company, Borr Drilling, Odfjell Drilling, Pacific Drilling, Noble Drilling, Valaris plc, Transocean , Shelf Drilling, Maersk Drilling, KCA Deutag , COSL – China Oilfield Services Limited, Diamond Offshore Drilling, Inc., Saipem, Nabors Industries Compani…
February 04, 2022
Saipem Overhauls Management in a Bid to Fix Business, Finances
Saipem Has Just Two Months to Fix Its $573 Million Bond Problem
February 02, 2022
Italy Weighs Bolstering Saipem Management After Profit Warning
Italy Weighs Bolstering Saipem Management After Profit Warning
December 13, 2021
Novozymes and Saipem enter collaboration agreement to create a more sustainable CO2 capture
The partnership will develop new biotech solutions aimed at carbon capture through enzymes.
November 17, 2021
Saipem contracted to transport, install pipeline in Sakarya Gas Field
Italian multinational oilfield services company Saipem will transport and install pipelines for Turkey's Sakarya Gas Field located in Blacksea.
Saipem Frequently Asked Questions
When was Saipem founded?
Saipem was founded in 1957.
Who are Saipem key executives?
Saipem's key executives are Francesco Caio, Antonio Paccioretti and Silvia Abrate.
How many employees does Saipem have?
Saipem has 31,634 employees.
What is Saipem revenue?
Latest Saipem annual revenue is €7.3 b.
What is Saipem revenue per employee?
Latest Saipem revenue per employee is €232.1 k.
Who are Saipem competitors?
Competitors of Saipem include Worley, Nabors and Cobra lnstalaciones y Servicios.
Where is Saipem headquarters?
Saipem headquarters is located at Via Martiri Cefalonia, 67, San Donato Milanese.
Where are Saipem offices?
Saipem has offices in San Donato Milanese, Arbatax, Fano, Roma and in 64 other locations.
How many offices does Saipem have?
Saipem has 75 offices.
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