Saras SpA - Company Profile
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Saras SpA (Saras) is a crude oil company that operates refining, marketing, power generation, and wind power businesses. The company sells and distributes primarily oil products including gasoline, diesel, liquefied petroleum gas (LPG), heating oil, virgin naphtha, jet and bunker fuel. Saras markets and distributes its products directly and through its subsidiaries in various European and non-European markets. The company has an operational presence in Italy, Spain and Switzerland. Saras is headquartered in Sarroch, Sardinia, Italy.
Headquarters
Italy
Address
S.S. Sulcitana N.195 - Km.19, Sarroch, Sardegna , 09018
Website
www.saras.it
Telephone
39 070 90911
No of Employees
1,591
Industry
Energy and Utilities
Ticker Symbol & Exchange
SRS (BIT)
Revenue (2022)
$12.4B
-27.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-24.7%
(2022 vs 2021)
Market Cap*
$1.8B
Net Profit Margin (2022)
XYZ
4.2%
(2022 vs 2021)
* As of and is in US$
Saras SpA premium industry data and analytics
Products and Services
| Products |
|---|
| Crude Oil |
| Diesel |
| LPG |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In February, the company received a takeover offer from Vitol for the controlling stake in the Moratti family. |
| 2023 | Stake Sale | In May, the company sold additional 7.23% stake to Trafigura Group. |
| 2022 | Regulatory Approval | In April, the company received approval for the expansion of its installed renewable capacity from the Autonomous Region of Sardinia. |
Competitor Comparison
| Key Parameters | Saras SpA | Equinor ASA | Eni SpA | Repsol SA | ConocoPhillips |
|---|---|---|---|---|---|
| Headquarters | Italy | Norway | Italy | Spain | United States of America |
| City | Sarroch | Stavanger | Rome | Madrid | Houston |
| State/Province | Sardegna | Telemark | Lazio | Madrid | Texas |
| No. of Employees | 1,591 | 23,449 | 32,324 | 25,059 | 9,900 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Massimo Moratti | Chief Executive Officer; Chairman | Executive Board | 2018 | 78 |
| Fabio Peretti | Chief Financial Officer | Senior Management | - | - |
| Marco Schiavetti | Chief Commercial Officer | Senior Management | 2018 | - |
| Franco Balsamo | General Manager; Deputy Chief Executive Officer | Senior Management | 2023 | - |
| Giuseppe Citterio | Chief Energy & Sustainability Officer | Senior Management | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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