Last $1.66 USD
Change Today 0.00 / 0.00%
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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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$1.66
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52 Week High
03/5/14 - $1.66
52 Week Low
09/17/13 - $1.26
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
951.0M
EX-Date
05/21/12
P/E TM
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Current Stock Chart for SARAS SPA (SAAFF)

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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. is a subsidiary of Angelo Moratti SapA.

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 Announces Earnings Results for the First Quarter Ended March 31, 2014

Saras announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported Group Revenues of EUR 2,758 million, up 3% versus first quarter 2013 revenues of EUR 2,671 million. This change is primarily due to the increase in revenues generated by the Refining segment, up by approx. EUR 150 million (+8%). Group reported EBITDA in first quarter 2014 was EUR -17.0 million, down versus EUR 54.4 million in first quarter 2013. The difference is almost entirely due to the Refining segment, which faced a particularly harsh market in the first quarter of 2014, and it achieved a lower operational margin than in first quarter 2013. Group reported net result stood at EUR -51.7 million, down versus EUR -1.8 million in first quarter 2013. Group comparable EBITDA amounted to EUR 7.3 million in first quarter 2014, down from EUR 48.2 million achieved in first quarter 2013. The difference between the two periods under comparison comes mainly from the Refining segment; however, in part, the difference is also due to the Marketing segment, which operated under penalising market conditions, characterised by low demand for oil products and thin margins. Group adjusted net result stood at EUR -40.4 million, down versus the Group adjusted net result of EUR -10.7 million in first quarter 2013, mainly because of the weaker EBITDA results. CAPEX in first quarter 2014 was EUR 23.7 million, in line with the investment programme planned for 2014, and essentially dedicated to the Refining segment (EUR 18.1 million) and, to a lesser degree, also to the Power Generation segment (EUR 4.5 million). The net financial position on March 31, 2014 stood at EUR -55 million, slightly up versus the position at the beginning of the year (EUR -8 million).

Saras S.p.A., Q1 2014 Earnings Call, May 14, 2014

Saras S.p.A., Q1 2014 Earnings Call, May 14, 2014

Saras S.p.A. Reports Unaudited Consolidated and Company Earnings Results for the Year Ended December 31, 2013

Saras S.p.A. reported unaudited consolidated and company earnings results for the year ended December 31, 2013. For the year, on consolidated basis, the company reported total revenues of €11,229,964,000 compared to €11,889,249,000 a year ago. Operating loss was €354,161,000 compared to €68,140,000 a year ago. Loss before taxes was €383,600,000 compared to €120,024,000 a year ago. Net loss for the year attributable to equity holders of the company was €271,080,000 or €29.29 cents per basic and diluted share compared to €88,576,000 or €9.54 cents per basic and diluted share a year ago. Cash generated from operating activities was €323,760,000 compared to €536,280,000 a year ago. Investments in tangible and intangible assets were €106,690,000 compared to €105,452,000 a year ago. Group revenues down primarily due to the decrease in revenues generated by the Refining and Marketing segments, as a consequence of the lower prices for the refined oil products. For the year, on company basis, the company reported total revenues of €10,165,892,000 compared to €10,791,972,000 a year ago. Operating loss was €122,385,000 compared to €196,914,000 a year ago. Loss before taxes was €146,097,000 compared to €243,772,000 a year ago. Net loss for the year was €124,037,000 compared to €152,691,000 a year ago. Cash generated from operating activities was €238,062,000 compared to €310,911,000 a year ago. Investments in tangible and intangible assets were €52,491,000 compared to €87,209,000 a year ago.

 

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