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, IT
Websitesaipem.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2021)31,634(+8%)
Revenue (FY, 2020)€7.3 B(-19%)
Share Price (May 2022)€1.1(+10%)
Cybersecurity ratingDMore
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Key People/Management at Saipem

Francesco Caio

Francesco Caio

Chief Executive Officer and General Manager, Non Independent Director
Antonio Paccioretti

Antonio Paccioretti

Chief Financial Officer and Manager in Charge of The Preparation of The Company’s Financial Reports
Silvia Abrate

Silvia Abrate

Director of Risk Management, Supply Chain and Business Integrity
Massimiliano Branchi

Massimiliano Branchi

Director of the Human Resources, Organisation and Services Function
Marco Satta

Marco Satta

Director of Health, Safety and Environment
Loretana Cortis

Loretana Cortis

Director of Sustainability, Identity and Corporate Communication
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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
Show all (75)

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
EURFY, 2018FY, 2019FY, 2020

Revenue

8.5b9.1b7.3b

Cost of goods sold

(1.8b)(1.8b)(5.0b)

Gross profit

6.7b7.3b2.4b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

2.2b2.4b2.2b2.2b1.5b1.7b1.6b1.6b1.9b

Cost of goods sold

(3.1b)(1.5b)(2.4b)(1.4b)(1.2b)(1.2b)(3.4b)

Gross profit

2.2b(726.0m)727.0m2.2b(818.0m)237.0m464.0m378.0m(1.5b)

R&D expense

(22.0m)
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

1.7b2.3b1.7b

Accounts Receivable

2.3b2.2b1.7b

Prepaid Expenses

494.0m638.0m631.0m

Inventories

1.4b303.0m280.0m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.0k1.7b1.4b1.7b

Accounts Receivable

2.1b1.9b1.4b

Prepaid Expenses

1.8b712.0m683.0m

Inventories

304.0m295.0m278.0m
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

(472.0m)12.0m(1.1b)

Depreciation and Amortization

464.0m615.0m591.0m

Inventories

21.0m2.0m15.0m

Accounts Payable

140.0m(139.0m)39.0m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

21.0m14.0m(269.0m)(885.0m)(120.0m)(779.0m)1.1b

Depreciation and Amortization

148.0m298.0m421.0m231.0m99.0m197.0m(648.0m)

Inventories

(1.0m)9.0m5.0m

Accounts Payable

(207.0m)(204.0m)
EURFY, 2018

Revenue/Employee

268.7k
Show all financial metrics

Saipem Operating Metrics

Saipem's Backlog was reported to be €23.6b in H1, 2021.
FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020H1, 2021

Backlog

$12.62 b$17.64 b€21.15 b€22.25 b€22.4 b€23.6 b

Countries

7070

Geotechnical Drilling Rigs (Offshore)

1512

New Contracts Volume

$8.75 b$9.54 b€17.63 b€4.84 b€8.66 b€4.4 b

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: 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.
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Saipem Cybersecurity Score

Cybersecurity ratingPremium dataset

D

68/100

SecurityScorecard logo

Saipem Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Saipem Online and Social Media Presence

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

Saipem Is Said to Explore $4.5 Billion Survival Package

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™

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…

Saipem Overhauls Management in a Bid to Fix Business, Finances

Saipem Has Just Two Months to Fix Its $573 Million Bond Problem

Italy Weighs Bolstering Saipem Management After Profit Warning

Italy Weighs Bolstering Saipem Management After Profit Warning

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. 

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.
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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, 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.