Last €0.85 EUR
Change Today -0.037 / -4.20%
Volume 1.8M
SRS On Other Exchanges
Symbol
Exchange
Stuttgart
BrsaItaliana
OTC US
OTC US
As of 11:30 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

saras spa (SRS) Snapshot

Open
€0.88
Previous Close
€0.88
Day High
€0.88
Day Low
€0.84
52 Week High
03/31/14 - €1.32
52 Week Low
08/8/14 - €0.73
Market Cap
803.6M
Average Volume 10 Days
1.2M
EPS TTM
€-0.17
Shares Outstanding
951.0M
EX-Date
05/21/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SARAS SPA (SRS)

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saras spa (SRS) 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 (SRS) 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 (SRS) Key Developments

SARAS SpA Reports Unaudited Earnings Results for Second Quarter and First Half Ended June 30, 2014

SARAS SpA reported unaudited earnings results for second quarter and first half ended June 30, 2014. For the quarter, the company’s revenues were €2,778 million against €2,774 million a year ago. EBITDA was €32.6 million against loss of €26.1 million a year ago. Comparable EBITDA was €8.3 million against €5.8 million a year ago. LBIT was €16.8 million against €307.2 million a year ago. Comparable LBIT was €39.9 million against €42.8 million a year ago. Net loss was €31.7 million against €199.5 million a year ago. Adjusted net loss was €38.4 million against €46.3 million a year ago. Capex was €18.0 million against €30.9 million a year ago. Operating cash flow was €16 million against €65 million a year ago. For the six months, the company’s revenues were €5,537 million against €5,445 million a year ago. EBITDA was €15.6 million against €28.3 million a year ago. Comparable EBITDA was €15.6 million against €54.0 million a year ago. LBIT was €82.3 million against €301.2 million a year ago. Comparable LBIT was €81.1 million against €43.0 million a year ago. Net loss was €83.3 million against €201.3 million a year ago. Adjusted net loss was €78.8 million against €57.0 million a year ago. Capex was €41.7 million against €64.3 million a year ago. Operating cash flow used in was €17 million against cash from operations of €125 million a year ago. The change in revenue is primarily due to the increase in revenues generated by the Refining segment and by the Power Generation Segment. Conversely, revenues generated by the Marketing segment decreased by approx. €22 million, while revenues from the Wind segment were down by approx. €5 million. The difference in EBITDA is almost entirely due to the Refining segment, which faced a particularly harsh market in the first half of 2014, and it achieved an operating margin 1.1 $/bl lower than the one achieved in first half of 2013.

Saras S.p.A. to Raise EUR 175 Million in Private Placement of Bonds

Saras S.p.A. is planning to raise EUR 175 million in a private placement of bonds. The bonds bear a yearly coupon of 5% and mature on July 17, 2019. Banca IMI S.p.A. is acting as sole lead manager for the private placement. Saras will use the proceeds to partially refinance existing debt, as well as for general corporate purposes.

Saras S.p.A., H1 2014 Earnings Call, Aug 08, 2014

Saras S.p.A., H1 2014 Earnings Call, Aug 08, 2014

 

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Industry Analysis

SRS

Industry Average

Valuation SRS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 0.9x
Price/Cash Flow 19.9x
TEV/Sales NM Not Meaningful
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