Last $1.66 USD
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SAAFF On Other Exchanges
Symbol
Exchange
Stuttgart
BrsaItaliana
OTC US
OTC US
As of 4:30 PM 03/5/14 All times are local (Market data is delayed by at least 15 minutes).

saras spa (SAAFF) Snapshot

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Shares Outstanding
951.0M
EX-Date
05/21/12
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saras spa (SAAFF) Details

Saras S.p.A. operates as an independent oil refiner in Italy and internationally. The company sells and distributes oil products, including crude oil, fuels, liquefied petroleum gas, gasoline, kerosene, diesel, fuel oil, bio-diesel, heating oil, virgin naphtha, and aviation fuels on the Italian, European, and international markets. It is also involved in the generation and sale of electricity through its integrated gasification combined cycle plant with a total installed capacity of 575 megawatts; and a wind farm with an installed capacity of 96 megawatts. In addition, the company offers environmental protection services, such as environmental engineering, environmental analysis and measurement systems, analytical services, and environmental monitoring services; and industrial efficiency and energy savings services comprising automation and plant engineering solutions, process control, energy savings solutions and measures, package systems supplies, and analysis and proprietary products’ systems for the oil, petrochemicals, and energy sectors. Further, it is engaged in the exploration, development, transportation, storage, and sale of gaseous hydrocarbons; and reinsurance business. The company manages a retail network of approximately 112 service stations located primarily along the Spanish Mediterranean Coast; and a biodiesel plant in Cartagena. The company was founded in 1962 and is headquartered in Milan, Italy. Saras S.p.A. operates as a subsidiary of Angelo Moratti S.a.p.a.

1,812 Employees
Last Reported Date: 04/3/14
Founded in 1962

saras spa (SAAFF) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: €1.5M
Executive Vice President, General Manager and...
Total Annual Compensation: €36.0K
Compensation as of Fiscal Year 2013.

saras spa (SAAFF) Key Developments

Saras S.p.A. Announces Earnings Group Results for the Third Quarter and Nine Months Ended September 30, 2014

Saras S.p.A. announced earnings group results for the third quarter and nine months ended September 30, 2014. For the period, the company reported revenues of EUR 2,458 million against EUR 2,884 million a year ago. LBITDA was EUR 19.5 million against EUR 3.3 million a year ago. The difference can be mainly attributed to the Refining segment which, notwithstanding the improvement of the refining margin, had lower refinery runs in third quarter of 2013. Comparable EBITDA was EUR 27.3 million against comparable LBITDA of EUR 2.9 million a year ago. LBIT was EUR 69.5 million against EUR 46.3 million a year ago. Comparable LBIT was EUR 22.7 million against EUR 46.0 million a year ago. Net loss was EUR 43.4 million against EUR 36.4 million a year ago. Adjusted net loss was EUR 29.5 million against EUR 32.4 million a year ago. Capital expenditure was EUR 49.7 million against EUR 18.4 million a year ago. Operating cash flow used in operations was EUR 80 million against EUR 14 million a year ago. For the nine months, the company reported revenues of EUR 7,995 million against EUR 8,329 million a year ago. This change is primarily due to the lower revenues generated by the Refining segment (down by EUR 278 million) and by the Marketing segment (down by EUR 78 million), due to a steep decrease in oil prices. LBITDA was EUR 3.9 million against EBITDA of EUR 25 million a year ago. Comparable EBITDA was EUR 42.9 million against comparable LBITDA of EUR 51.1 million a year ago. The difference between the two periods under comparison comes mainly from the Refining segment and, to a lower degree, from the Marketing segment, which operated under penalizing market conditions, characterized by low demand for oil products and thin margins. LBIT was EUR 151.8 million against EUR 347.6 million a year ago. Comparable LBIT was EUR 103.8 million against EUR 89 million a year ago. Net loss was EUR 126.7 million against EUR 237.6 million a year ago. Adjusted net loss was EUR 108.3 million against EUR 89.4 million a year ago. Capital expenditure was EUR 91.4 million against EUR 82.4 million a year ago. Operating cash flow used in operations was EUR 68 million against operating cash flow from operations EUR 111 million a year ago.

Saras S.p.A., Board Meeting, Nov 13, 2014

Saras S.p.A., Board Meeting, Nov 13, 2014. Agenda: To consider and approve group earnings results for the third quarter and nine months ended September 30, 2014.

Rosneft Reportedly In Talks To Increase Stake In Saras

OJSC OC Rosneft (LSE:ROSN) is having negotiations for buying another significant stake in Saras S.p.A. (BIT:SRS), Antonio Fallico head of Banca Intesa told RIA Novosti news agency. Rosneft and Banca Intesa's parent group Intesa Sanpaolo S.p.A. (BIT:ISP) which is ready to finance the deal, are long-standing partners.

 

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SAAFF

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Valuation SAAFF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.9x
Price/Cash Flow 19.4x
TEV/Sales NM Not Meaningful
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