Last €21.49 EUR
Change Today -0.45 / -2.05%
Volume 1.3K
SPE On Other Exchanges
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As of 9:00 AM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

saipem spa (SPE) Snapshot

Open
€21.97
Previous Close
€21.94
Day High
€22.03
Day Low
€21.49
52 Week High
09/17/12 - €39.96
52 Week Low
01/31/13 - €19.70
Market Cap
--
Average Volume 10 Days
557.3
EPS TTM
--
Shares Outstanding
0.0
EX-Date
05/20/13
P/E TM
--
Dividend
€0.68
Dividend Yield
3.18%
Current Stock Chart for SAIPEM SPA (SPE)

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saipem spa (SPE) Details

Saipem S.p.A operates as a turnkey contractor in the oil and gas industry worldwide. It offers engineering, procurement, project management, and construction services for offshore and onshore projects worldwide. The company engages in the construction of trunk lines, export pipelines, and infield flow lines, as well as pipe-in-pipe, bundles, tie-in, and riser systems for the transportation of oil, gas, and multi-phase products through water depths. It also develops subsea deepwater fields; provides subsea construction services, such as subsea field development, and remotely operated vehicles and remote intervention systems operations, as well as subsea inspection, maintenance, and repair; and installs offshore structures, including modular deck drilling and production platforms, well-head, and accommodation platforms. In addition, the company is involved in constructing marine terminals, conventional buoy moorings, jetties, and piers; and operating and leasing floating production, storage, and offloading (FPSO) systems. Further, the company provides integrated solutions for large upstream facilities, including oil and gas production, treatment and processing plants, pipeline systems, pumping and compressor stations, and marine terminals; and designs and constructs natural gas liquefaction and regasification facilities, onshore transportation systems, oil refineries, petrochemicals and gas monetization plants, power plants, harbors, and jetties, as well as offers integrated environmental and remediation technologies and services. In addition, it operates as a drilling contractor; and owns and operates a fleet of vessels, including construction, drilling, and FPSO vessels, as well as yards. The company is headquartered in Milan, Italy. Saipem SpA is a subsidiary of Eni S.p.A.

48,455 Employees
Last Reported Date: 04/3/13

saipem spa (SPE) Top Compensated Officers

Deputy Chief Executive Officer, Managing Dire...
Total Annual Compensation: €944.0K
Compensation as of Fiscal Year 2011.

saipem spa (SPE) Key Developments

Knight Vinke Asked Eni To Restructure Holding In Saipem

Knight Vinke Asset Management LLC, Shareholder of Eni SpA (BIT:ENI), has asked to lower its stake in Saipem SpA (BIT:SPM) to below 20% or buy minorities to take over control, Eric Knight, Chief Executive Officer of Knight Vinke said. One of the two options must be taken without biding time, Knight added. Knight Vinke holds 1% in Eni, which in turn owns 43% in Saipem.

Saipem SpA Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Year 2013

Saipem SpA reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s operating Revenue was EUR 3,089 million against EUR 3,132 million a year ago. Operating profit was EUR 202 million against EUR 373 million a year ago. Income before income taxes was EUR 167 million against EUR 339 million a year ago. Income before minority interest was EUR 115 million against EUR 241 million a year ago. Net profit was EUR 110 million against EUR 231 million a year ago. Net cash flow from operations was EUR 148 million against EUR 325 million a year ago. Investments in tangible and intangible fixed assets were EUR 340 million against EUR 316 million a year ago. Free cash flow was EUR 488 million against EUR 641 million a year ago. Net debt at end of period was EUR 4,845 million against EUR 3,793 million a year ago. The company has seen an increase of EUR 600 million in net debt due to further increase in working capital. For the year 2013, the company expects to achieve revenues amounting to approximately EUR 13.5 billion, EBIT in the region of EUR 750 million, a net income of approximately EUR 450 million, with investments amounting to approximately EUR 1 billion.

Saipem SpA, Special/Extraordinary Shareholders Meeting, Apr 30, 2013

Saipem SpA, Special/Extraordinary Shareholders Meeting, Apr 30, 2013.

 

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Price/Cash Flow 6.6x
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