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, and Onshore Drilling businesses. 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

Latest Updates

Employees (est.) (Dec 2019)32,528(+2%)
Revenue (FY, 2018)€8.5 B(-5%)
Share Price (Sept 2020)€1.5 (-1%)
Cybersecurity ratingBMore

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

Sustainability, Identity, and Corporate Communication Director
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 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
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Saipem Financials and Metrics

Saipem Revenue

Saipem's revenue was reported to be €8.53 b in FY, 2018 which is a 5.3% decrease from the previous period.
EUR

Revenue (H1, 2019)

4.5b

Net income (H1, 2019)

14.0m

EBITDA (H1, 2019)

574.0m

EBIT (H1, 2019)

262.0m

Market capitalization (22-Sept-2020)

1.5b

Closing stock price (22-Sept-2020)

1.5

Cash (30-Jun-2019)

1.7b

EV

3.3b
Saipem's current market capitalization is €1.5 b.
Annual
EURFY, 2016FY, 2017FY, 2018

Revenue

10.0b9.0b8.5b

Revenue growth, %

(10%)(5%)

Depreciation and amortization

2.4b736.0m811.0m

EBITDA

909.0m862.0m848.0m
Half Year
EURH1, 2017H1, 2018H1, 2019

Revenue

4.6b3.8b4.5b

Depreciation and amortization

349.0m484.0m312.0m

EBITDA

473.0m410.0m574.0m

EBITDA margin, %

10%11%13%
Annual
EURFY, 2016FY, 2017FY, 2018

Cash

1.9b1.8b1.7b

Accounts Receivable

2.6b2.0b2.3b

Prepaid Expenses

247.0m233.0m176.0m

Inventories

2.2b1.9b303.0m
Half Year
EURH1, 2017H1, 2018H1, 2019

Cash

1.8b1.7b1.7b

Accounts Receivable

2.3b2.1b2.1b

Prepaid Expenses

230.0m223.0m232.0m

Inventories

2.1b308.0m304.0m
Annual
EURFY, 2016FY, 2017FY, 2018

Net Income

(2.1b)(328.0m)(472.0m)

Depreciation and Amortization

684.0m505.0m464.0m

Inventories

19.0m220.0m21.0m

Accounts Payable

168.0m(397.0m)140.0m
Half Year
EURH1, 2017H1, 2018H1, 2019

Net Income

(110.0m)(323.0m)14.0m

Depreciation and Amortization

264.0m228.0m298.0m

Inventories

67.0m183.0m(1.0m)

Accounts Payable

(262.0m)(49.0m)6.0m
EURFY, 2016

EV/EBITDA

11.4 x

EV/EBIT

-6.9 x

EV/CFO

10.6 x

Revenue/Employee

246.7k

Debt/Equity

1.4 x

Debt/Assets

0.5 x

Financial Leverage

2.9 x
Show all financial metrics

Saipem Operating Metrics

Saipem's Backlog was reported to be $17.6b in H1, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017H1, 2018FY, 2018H1, 2019Nov, 2019

Backlog

$14.22 b$12.47 b$11.72 b$12.06 b$12.36 b$12.58 b$12.62 b$17.64 b

Countries

70

Divisions

5

New Contracts

$8.35 b$509 m$2.09 b$4.72 b$7.40 b$3.99 b$8.75 b$9.54 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
Moss Maritime AS
North Caspian Service Co
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Saipem Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Saipem Revenue Breakdown

Embed Graph

Saipem revenue breakdown by business segment: 34.5% from Onshore Engineering & Construction, 9.0% from Floaters, 45.2% from Offshore Engineering & Construction, 5.5% from Offshore Drilling and 5.9% from Onshore Drilling

Saipem revenue breakdown by geographic segment: 6.1% from Americas, 22.9% from West Africa and Rest of Africa, 12.8% from North Africa, 5.9% from Far East, 33.9% from Middle East, 8.8% from CIS, 5.5% from Rest of Europe and 4.2% from Other

Saipem Online and Social Media Presence

Embed Graph

Saipem News and Updates

Italy's Saipem inks deal with Equinor on floating solar farm technology

Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.

Europe Markets: Merger talk boosts shares of Subsea and Saipem as European stocks cling to gains

European stocks were inching up in the last session of the week, with oil-services companies higher amid merger talk and hopes of progress on U.S.-China trade talks underpinning gains.

Italy’s Saipem to Consider Combining With Rival Subsea 7

Italy’s Saipem to Consider Combining With Rival Subsea 7

Equatorial Guinea awards $100 mln pipeline contract to Saipem

Equatorial Guinea has awarded a $90-$100 million contract to build a 70 km subsea pipeline linking the Noble Energy operated Alen Unit to the country's Punta Europa petrochemical hub to Italian firm Saipem , the oil ministry said on Thursday.

Saipem joint venture push with U.S. drillers draws a blank -sources

Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.
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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 32,528 employees.

  • What is Saipem revenue?

    Latest Saipem annual revenue is €8.5 b.

  • What is Saipem revenue per employee?

    Latest Saipem revenue per employee is €262.1 k.

  • Who are Saipem competitors?

    Competitors of Saipem include Oceaneering, Bechtel and Wood.

  • 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 72 offices.