Saipem SpA - Company Profile
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Saipem SpA (Saipem) is an engineering, procurement, and construction (EPC) contractor. It offers engineering services, specializes in the design, construction, and operation of complex infrastructures and plants within the energy sector. Its operations span both offshore and onshore projects. The company offers a wide range of integrated solutions in the energy and sustainable infrastructure sectors. It also supplies modular and scalable plants and solutions in the renewable energy field. The company offers drilling services to oil and gas upstream companies. It also offers consulting services to clients in relation to installation and decommissioning of land and sub-sea structures. Its fleet includes drilling rigs, construction vessels, floating production and storage offloading vessels. It has an operational presence in Europe, Americas, Africa, the Middle East, Far East and Oceania, Commonwealth of Independent States and Asia. Saipem is headquartered in Milano, Lombardia, Italy.
Headquarters
Italy
Address
Via Luigi Russolo 5, Milano, Lombardia, 20138
Website
www.saipem.com
Telephone
39 02 44231
No of Employees
29,858
Industry
Energy and Utilities
Ticker Symbol & Exchange
SPM (BIT)
Revenue (2024)
$17.5B
6.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
1.3%
(2024 vs 2023)
Market Cap*
$10.5B
Net Profit Margin (2024)
XYZ
-4.8%
(2024 vs 2023)
* As of and is in US$
Saipem SpA premium industry data and analytics
Products and Services
| Services |
|---|
| Construction of Pipelines |
| Construction of Industrial Plants |
| Construction of Offshore Production Systems |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company and ICM secured a contract from Itinera to design and construct Lot 4 of the A8 Unirii Motorway in Romania. |
| 2026 | Regulatory Approval | In July, the company and Subsea7 received approval to complete the merger in the US. |
| 2026 | Contracts/Agreements | In July, the company through PT Saipem Indonesia, in joint venture with PT Tripatra Engineers and Constructors secured a contract for the Engineering, Procurement, Construction and Installation of a Floating Production, Storage and Offloading (FPSO) unit for the Kutei North Hub Field Development Project. |
Competitor Comparison
| Key Parameters | Saipem SpA | TechnipFMC Plc | Aker Solutions ASA | John Wood Group Plc | Transocean Ltd |
|---|---|---|---|---|---|
| Headquarters | Italy | United Kingdom | Norway | United Kingdom | Switzerland |
| City | Milano | London | Lysaker | Aberdeen | Steinhausen |
| State/Province | Lombardia | England | - | Scotland | Zug |
| No. of Employees | 29,858 | 23,089 | 11,777 | 32,375 | 5,600 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Elisabetta Serafin | Chairman | Executive Board | 2024 | 68 |
| Alessandro Puliti | General Manager; Chief Executive Officer; Director | Executive Board | 2022 | 63 |
| Massimiliano Branchi | Chief People, Hseq and Sustainability Officer | Senior Management | 2023 | - |
| Ottavia Stella | Chief Integrated Risk Management and Compliance Officer | Senior Management | 2022 | - |
| Massimiliano Bellotti | Chief Operating Officer - Asset Based Services | Senior Management | 2024 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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