View ValuationSaipem 향후 성장Future 기준 점검 3/6Saipem (는) 각각 연간 17.4% 및 0.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 16.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 20.8% 로 예상됩니다.핵심 정보17.4%이익 성장률16.44%EPS 성장률Energy Services 이익 성장25.0%매출 성장률0.5%향후 자기자본이익률20.76%애널리스트 커버리지Good마지막 업데이트12 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director Monica Girardi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.공시 • Jan 10+ 4 more updatesSaipem SpA to Report Q2, 2026 Results on Jul 27, 2026Saipem SpA announced that they will report Q2, 2026 results on Jul 27, 2026공시 • Mar 13Saipem SpA, Annual General Meeting, May 08, 2025Saipem SpA, Annual General Meeting, May 08, 2025, at 11:00 W. Europe Standard Time.공시 • Feb 24Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion.Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026. Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.공시 • Jan 15+ 1 more updateSaipem SpA to Report Q3, 2025 Results on Oct 22, 2025Saipem SpA announced that they will report Q3, 2025 results on Oct 22, 2025공시 • Jan 14+ 2 more updatesSaipem SpA to Report Fiscal Year 2024 Results on Feb 25, 2025Saipem SpA announced that they will report fiscal year 2024 results on Feb 25, 2025공시 • Jan 24Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.Saipem S.p.A. (BIT:SPM) commences share repurchases on January 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2023. As per the mandate, the company is authorized to repurchase up to 37,000,000 shares, representing 1.85% of its issued share capital, for total worth of €59.3 million. The price to be paid for repurchase should not be more or less than 5% of the reference price of shares recorded on the computerized trading market on the day prior to the buyback. The purpose of the share repurchases is to cover the 2023 allocation of the 2023-2025 Long Term Incentive Plan. The program is valid for 18 months. As of March 23, 2023, the company had 1,995,142,495 shares outstanding and 415,237 shares in treasury.공시 • Jan 17+ 5 more updatesSaipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024Saipem SpA announced that they will report fiscal year 2023 results on Feb 28, 2024공시 • Nov 23BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).BW Energy Limited (OB:BWE) has signed an agreement to acquire FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) for $73 million on June 24, 2022. BW Energy will pay Saipem $73 million in fixed consideration for the FPSO of which $25 million is due at closing, $13 million due at FPSO takeover and $35 million paid in 18 monthly instalments following the takeover. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO in the first quarter of 2023. As of March 16, 2023, the transaction is expected to close in Q2, 2023.BW Energy Limited (OB:BWE) completed the acquisition of FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) on November 21, 2023.New Risk • Oct 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€275m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Less than 1 year of cash runway based on current free cash flow (-€275m).Board Change • Aug 03High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Jul 31New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€407m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Less than 1 year of cash runway based on current free cash flow (-€407m).Board Change • Jul 30High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Dec 24Saipem SpA, Annual General Meeting, May 03, 2023Saipem SpA, Annual General Meeting, May 03, 2023. Agenda: To consider the approval of the financial statements of Saipem S.p.A. at December 31, 2022; and to consider the appointment of the Board of Statutory Auditors.공시 • Dec 23+ 4 more updatesSaipem SpA to Report Q3, 2023 Results on Oct 25, 2023Saipem SpA announced that they will report Q3, 2023 results on Oct 25, 2023Board Change • Jul 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • May 17High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Apr 28High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 28Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)Full year 2021 results: €1.93 loss per share (down from €1.15 loss in FY 2020). Revenue: €6.88b (down 6.4% from FY 2020). Net loss: €1.91b (loss widened 69% from FY 2020). Over the next year, revenue is forecast to grow 26%, compared to a 2.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.Board Change • Mar 28High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Jan 31High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Jan 11High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Dec 10High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 29Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €1.87b (up 9.4% from 3Q 2020). Net loss: €342.0m (loss widened 161% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.Board Change • Sep 09High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Aug 10Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €1.58b (up 5.3% from 2Q 2020). Net loss: €659.0m (loss widened 7.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Reported Earnings • May 01First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €1.62b (down 26% from 1Q 2020). Net loss: €120.0m (loss narrowed 55% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 11Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 03Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Mar 03Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 15% compared to a 9.5% decline forecast for the Energy Services industry in the United Kingdom.Reported Earnings • Feb 27Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 18% compared to a 9.5% decline forecast for the Energy Services industry in the United Kingdom.Is New 90 Day High Low • Feb 10New 90-day high: €2.49The company is up 33% from its price of €1.87 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.33 per share.Is New 90 Day High Low • Dec 30New 90-day high: €2.21The company is up 56% from its price of €1.42 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.Is New 90 Day High Low • Dec 10New 90-day high: €2.20The company is up 35% from its price of €1.63 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.이익 및 매출 성장 예측BATS-CHIXE:SPMm - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202815,5426461,1771,6431412/31/202715,8416111,1371,6071712/31/202615,6024641,0671,583163/31/202615,5133121,1981,501N/A12/31/202515,5033111,1401,504N/A9/30/202515,4013211,0361,383N/A6/30/202515,3463281,1181,448N/A3/31/202515,0203268851,235N/A12/31/202414,5493067241,061N/A9/30/202413,6483075791,101N/A6/30/202412,952263362899N/A3/31/202412,346242207704N/A12/31/202311,881185104586N/A9/30/202311,307-74-238307N/A6/30/202311,142-152-407169N/A3/31/202310,745-222-834-271N/A12/31/20229,987-315-1,000-477N/A9/30/20229,098-1,555-601-291N/A6/30/20227,677-1,790-637-428N/A3/31/20227,199-2,445-19086N/A12/31/20216,528-2,406-15690N/A9/30/20217,017-1,241N/AN/AN/A6/30/20216,767-99023273N/A3/31/20216,844-987-27456N/A12/31/20207,399-1,136-199123N/A9/30/20207,743-1,048182531N/A6/30/20208,255-887306702N/A3/31/20209,127-2787411,062N/A12/31/20199,09912N/A1,257N/A9/30/20199,234-71N/A935N/A6/30/20199,252-135N/A842N/A3/31/20198,777-449N/A712N/A12/31/20188,536-472N/A711N/A9/30/20188,181-628N/A566N/A6/30/20188,222-541N/A684N/A3/31/20188,665-377N/A684N/A12/31/20179,012-328N/A459N/A9/30/20178,997-219N/A700N/A6/30/20179,324-2,250N/A854N/A3/31/20179,429-2,101N/A938N/A12/31/201610,006-2,087N/A978N/A9/30/201610,955-1,865N/A1,085N/A6/30/201611,416167N/A532N/A3/31/201611,335-822N/A44N/A12/31/201511,515-806N/A-507N/A9/30/201511,856-1,308N/A-41N/A6/30/201512,294-1,286N/A296N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SPMm 의 연간 예상 수익 증가율(17.4%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: SPMm 의 연간 수익(17.4%)이 UK 시장(11.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: SPMm 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SPMm 의 수익(연간 0.5%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SPMm 의 수익(연간 0.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SPMm의 자본 수익률은 3년 후 20.8%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 08:46종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Saipem SpA는 44명의 분석가가 다루고 있습니다. 이 중 17명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francesco SalaBanca Akros S.p.A. (ESN)Francesco TaddeiBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)41명의 분석가 더 보기
Board Change • May 20High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director Monica Girardi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.
공시 • Jan 10+ 4 more updatesSaipem SpA to Report Q2, 2026 Results on Jul 27, 2026Saipem SpA announced that they will report Q2, 2026 results on Jul 27, 2026
공시 • Mar 13Saipem SpA, Annual General Meeting, May 08, 2025Saipem SpA, Annual General Meeting, May 08, 2025, at 11:00 W. Europe Standard Time.
공시 • Feb 24Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion.Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026. Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.
공시 • Jan 15+ 1 more updateSaipem SpA to Report Q3, 2025 Results on Oct 22, 2025Saipem SpA announced that they will report Q3, 2025 results on Oct 22, 2025
공시 • Jan 14+ 2 more updatesSaipem SpA to Report Fiscal Year 2024 Results on Feb 25, 2025Saipem SpA announced that they will report fiscal year 2024 results on Feb 25, 2025
공시 • Jan 24Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.Saipem S.p.A. (BIT:SPM) commences share repurchases on January 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2023. As per the mandate, the company is authorized to repurchase up to 37,000,000 shares, representing 1.85% of its issued share capital, for total worth of €59.3 million. The price to be paid for repurchase should not be more or less than 5% of the reference price of shares recorded on the computerized trading market on the day prior to the buyback. The purpose of the share repurchases is to cover the 2023 allocation of the 2023-2025 Long Term Incentive Plan. The program is valid for 18 months. As of March 23, 2023, the company had 1,995,142,495 shares outstanding and 415,237 shares in treasury.
공시 • Jan 17+ 5 more updatesSaipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024Saipem SpA announced that they will report fiscal year 2023 results on Feb 28, 2024
공시 • Nov 23BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).BW Energy Limited (OB:BWE) has signed an agreement to acquire FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) for $73 million on June 24, 2022. BW Energy will pay Saipem $73 million in fixed consideration for the FPSO of which $25 million is due at closing, $13 million due at FPSO takeover and $35 million paid in 18 monthly instalments following the takeover. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO in the first quarter of 2023. As of March 16, 2023, the transaction is expected to close in Q2, 2023.BW Energy Limited (OB:BWE) completed the acquisition of FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) on November 21, 2023.
New Risk • Oct 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€275m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Less than 1 year of cash runway based on current free cash flow (-€275m).
Board Change • Aug 03High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Jul 31New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€407m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Less than 1 year of cash runway based on current free cash flow (-€407m).
Board Change • Jul 30High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Dec 24Saipem SpA, Annual General Meeting, May 03, 2023Saipem SpA, Annual General Meeting, May 03, 2023. Agenda: To consider the approval of the financial statements of Saipem S.p.A. at December 31, 2022; and to consider the appointment of the Board of Statutory Auditors.
공시 • Dec 23+ 4 more updatesSaipem SpA to Report Q3, 2023 Results on Oct 25, 2023Saipem SpA announced that they will report Q3, 2023 results on Oct 25, 2023
Board Change • Jul 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • May 17High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Apr 28High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 28Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)Full year 2021 results: €1.93 loss per share (down from €1.15 loss in FY 2020). Revenue: €6.88b (down 6.4% from FY 2020). Net loss: €1.91b (loss widened 69% from FY 2020). Over the next year, revenue is forecast to grow 26%, compared to a 2.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance.
Board Change • Mar 28High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Jan 31High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Jan 11High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Dec 10High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 29Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €1.87b (up 9.4% from 3Q 2020). Net loss: €342.0m (loss widened 161% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
Board Change • Sep 09High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Aug 10Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €1.58b (up 5.3% from 2Q 2020). Net loss: €659.0m (loss widened 7.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 01First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €1.62b (down 26% from 1Q 2020). Net loss: €120.0m (loss narrowed 55% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 11Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 03Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Mar 03Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 15% compared to a 9.5% decline forecast for the Energy Services industry in the United Kingdom.
Reported Earnings • Feb 27Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 18% compared to a 9.5% decline forecast for the Energy Services industry in the United Kingdom.
Is New 90 Day High Low • Feb 10New 90-day high: €2.49The company is up 33% from its price of €1.87 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.33 per share.
Is New 90 Day High Low • Dec 30New 90-day high: €2.21The company is up 56% from its price of €1.42 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.
Is New 90 Day High Low • Dec 10New 90-day high: €2.20The company is up 35% from its price of €1.63 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.