Saipem

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.

TypePublic
Founded1957
HQSan Donato Milanese, ITMap
Websitesaipem.com
Employee Ratings3.8More
Overall CultureA+More

Recent NewsAll News

Latest Updates

Employees (est.) (Jun 2020)31,745(-2%)
Revenue (FY, 2019)€9.1 B(+7%)
Share Price (Mar 2021)€2.3
Cybersecurity ratingFMore

Key People/Management at Saipem

Francesco Caio

Francesco Caio

Chairman of the Board
Stefano Cao

Stefano Cao

Chief Executive Officer
Stefano Cavacini

Stefano Cavacini

Chief Financial Officer
Mario Colombo

Mario Colombo

General Counsel, Contract Mngt, Company Affairs and Governance
Gaetano Colucci

Gaetano Colucci

Director, Sustainability, Identity, and Corporate Communication
Dario Gallinari

Dario Gallinari

Director, Human Resources, Organisation and Services
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Saipem Office Locations

Saipem has offices in San Donato Milanese, Arbatax, Fano, Roma and in 65 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
Show all (73)

Saipem Financials and Metrics

Saipem Revenue

Saipem's revenue was reported to be €9.1 b in FY, 2019 which is a 6.7% increase from the previous period.
EUR

Revenue (H1, 2020)

3.7b

Net income (H1, 2020)

(870.0m)

EBITDA (H1, 2020)

271.0m

EBIT (H1, 2020)

(711.0m)

Market capitalization (31-Mar-2021)

2.3b

Closing stock price (31-Mar-2021)

2.3

Cash (30-Jun-2020)

1.4b

EV

4.0b
Saipem's current market capitalization is €2.3 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

9.0b8.5b9.1b

Revenue growth, %

(10%)(5%)7%

Operating expense total

8.9b8.5b8.7b

Depreciation and amortization

736.0m811.0m690.0m
Half Year
EURH1, 2018H1, 2019H1, 2020

Revenue

3.8b4.5b3.7b

Operating expense total

3.9b4.3b4.4b

Depreciation and amortization

484.0m312.0m982.0m

EBITDA

410.0m574.0m271.0m
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Annual
EURFY, 2017FY, 2018FY, 2019

Cash

1.8b1.7b2.3b

Accounts Receivable

2.0b2.3b2.2b

Prepaid Expenses

233.0m176.0m220.0m

Inventories

1.9b303.0m303.0m
Half Year
EURH1, 2018H1, 2019H1, 2020

Cash

1.7b1.7b1.4b

Accounts Receivable

2.1b2.1b1.9b

Prepaid Expenses

223.0m232.0m214.0m

Inventories

308.0m304.0m295.0m
show all
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

(328.0m)(472.0m)12.0m

Depreciation and Amortization

505.0m464.0m615.0m

Inventories

220.0m21.0m2.0m

Accounts Payable

(397.0m)140.0m(139.0m)
Half Year
EURH1, 2018H1, 2019H1, 2020

Net Income

(323.0m)14.0m(885.0m)

Depreciation and Amortization

228.0m298.0m313.0m

Inventories

183.0m(1.0m)9.0m

Accounts Payable

(49.0m)6.0m(207.0m)
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EURFY, 2017

EV/EBITDA

6.5 x

EV/EBIT

44.6 x

EV/CFO

12.2 x

Revenue/Employee

258.9k

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

2.7 x

P/E Ratio

(1.4)
Show all financial metrics

Saipem Operating Metrics

Saipem's Backlog was reported to be €22.2b in H1, 2020.
FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020

Backlog

$12.36 b$12.58 b$12.62 b$17.64 b€21.15 b€22.25 b

Countries

70

New Contracts

$7.4 b$3.99 b$8.75 b$9.54 b€17.63 b€4.84 b
Show all operating metrics

Saipem Acquisitions / Subsidiaries

Company NameDateDeal Size
Moss MaritimeJuly 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
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Saipem Revenue Breakdown

Embed Graph

Saipem revenue breakdown by business segment: 5.9% from Onshore Drilling, 6.1% from Offshore Drilling, 42.2% from Offshore Engineering & Construction and 45.8% from Onshore Engineering & Construction

Saipem revenue breakdown by geographic segment: 10.8% from CIS, 34.5% from Middle East, 8.9% from Far East, 13.8% from North Africa, 16.1% from West Africa and Rest of Africa, 7.5% from Americas and 8.5% from Other

Human Capital Metrics

Source: saipem-cdn.thron.com
Saipem's employees are reported to be approximately 11% female and 89% male.
Embed Graph
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Saipem Cybersecurity Score

Cybersecurity ratingPremium dataset

F

48/100

Learn more about our premium products
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Saipem Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

Learn more about our premium products
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Saipem Online and Social Media Presence

Saipem's Trends

Embed Graph

Saipem Company Culture

  • Overall Culture

    A+

    95/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Saipem News and Updates

March 12, 2021

Saipem: the Board of Directors approves the 2020 Consolidated and preliminary Statutory Financial Statements, confirming the data of the preliminary Financial Statements Convening of the Annual General Shareholders’ Meeting

The Board of Directors of Saipem SpA, chaired by Mr. Francesco Caio and held today, approved the Group Consolidated Financial Statements as at 31 December 2020, which closed with a loss of €1,136 million (profit of €12 million in 2019) and the preliminary Statutory Financial Statements of Saipem SpA…
March 09, 2021

Saipem, contratto di consulenza da compagnia petrolifera nazionale libica

Saipem si è aggiudicata un contratto di servizi di consulenza da Libya National Oil Corporation (NOC), ovvero la compagnia petrolifera statale del Paese. L’accordo riguarda lo sviluppo del Benghazi Oil Technical Center (BOTC), un centro tecnico specializzato che sarà istituito nella zona franca di M…
March 09, 2021

Saipem Set to Open Hydrogen Plant in Albania

Albania is set to have its first hydrogen plant, as per a Memorandum of Understanding signed between companies Saipem and Alboran Hydrogen. The MoU envisages the construction of three plants in Italy, one in Morocco and a fifth in Albania. These plants will produce Hydrogen through a process cal…
March 08, 2021

Five hydrogen plants planned for Italy and the Mediterranean basis

A new partnership is hoping to develop five new hydrogen production plants in Italy and the Mediterranean basis. Such plans were unveiled last week (4th March) as part of a newly signed Memorandum of Understanding (MoU) between Saipem and Alboran Hydrogen.
March 07, 2021

Saipem reaches settlement over working time violation on Norway rig

A subsidiary of Italian contractor giant Saipem will pay out compensation to two offshore workers after a dispute about violation of working time regulations in Norway. Norwegian trade union Industri Energi and Saipem Ltd reached a settlement over working hours for two remotely operated vehicle p…
March 02, 2021

Saipem lines up suction specialist for Seagreen

Saipem has awarded subcontractor Alfa Laval a contract to supply pumping systems for the foundations being used in Scotland’s largest offshore wind farm project, the 1075MW Seagreen. Pump systems form the company’s Framo business will be used with the suction bucket technology during the installa…
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 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, Stefano Cao and Stefano Cavacini.

  • How many employees does Saipem have?

    Saipem has 31,745 employees.

  • What is Saipem revenue?

    Latest Saipem annual revenue is €9.1 b.

  • What is Saipem revenue per employee?

    Latest Saipem revenue per employee is €286.6 k.

  • Who are Saipem competitors?

    Competitors of Saipem include Nabors, Cobra lnstalaciones y Servicios and McDermott.

  • 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 65 other locations.

  • How many offices does Saipem have?

    Saipem has 73 offices.