SAIPEM SPA financials
SAIPEM SPA
Country: IT Reporting currency: EUR Latest annual report: 2022-12-31
LEI:
549300PHV8MBDHWB8X12 ISIN: IT0005495657 Financial statements
(EUR, as reported — unscaled; 149 line items across 3 annual periods)
| Line item | 2022 | 2021 | 2020 |
|---|---|---|---|
| Income statement | |||
| Revenue | €9.99B | €6.53B | — |
| Other income | €11.0M | €5.0M | — |
| Employee benefits expense | €1.66B | €1.55B | — |
| Depreciation & amortisation | €445.0M | €495.0M | — |
| Operating profit (EBIT) | €98.0M | -€2.22B | — |
| Net finance income / (cost) | -€195.0M | -€137.0M | — |
| Finance costs | €1.07B | €329.0M | — |
| Profit before tax | -€162.0M | -€2.35B | — |
| Income tax expense | €153.0M | €59.0M | — |
| Profit for the year | -€209.0M | -€2.47B | -€1.12B |
| — attributable to NCI | €0 | €0 | — |
| Total comprehensive income | -€183.0M | -€2.58B | -€1.07B |
| Per share | |||
| Basic EPS | €-0.22 | €-2.62 | — |
| Diluted EPS | €-0.22 | €-2.62 | — |
| Cash flow statement | |||
| Net cash from operating activities | -€477.0M | €90.0M | — |
| Net cash from investing activities | €5.0M | -€490.0M | — |
| Purchase of intangibles | €10.0M | €15.0M | — |
| Net cash from financing activities | €871.0M | €331.0M | — |
| Dividends paid | €0 | €26.0M | — |
| Lease liability payments | €128.0M | €126.0M | — |
| Balance sheet | |||
| Total assets | €12.40B | €11.54B | — |
| Non-current assets | €4.56B | €4.72B | — |
| Property, plant & equipment | €2.88B | €3.11B | — |
| Right-of-use assets | €258.0M | €261.0M | — |
| Intangible assets & goodwill | €691.0M | €699.0M | — |
| Current assets | €7.63B | €6.82B | — |
| Inventories | €211.0M | €258.0M | — |
| Trade & other receivables | €2.18B | €2.25B | — |
| Cash & equivalents | €2.05B | €1.63B | €1.69B |
| Total equity | €2.09B | €351.0M | €2.95B |
| — attributable to owners | €2.07B | €326.0M | — |
| Non-controlling interests | €18.0M | €25.0M | — |
| Non-current liabilities | €3.35B | €4.35B | — |
| Lease liabilities (non-current) | €264.0M | €247.0M | — |
| Current liabilities | €6.91B | €6.84B | — |
| Current portion of long-term borrowings | €742.0M | €697.0M | — |
| Lease liabilities (current) | €139.0M | €147.0M | — |
| Trade & other payables | €2.91B | €2.65B | — |
| Deferred tax liabilities | €3.0M | €5.0M | — |
| Derived metrics | |||
| Operating margin | 1.0% | -34.0% | — |
| Net margin | -2.1% | -37.8% | — |
| Return on equity | -10.0% | -702.8% | -37.9% |
| Cash conversion ratio | 2.28× | -0.04× | — |
| Other reported items | |||
| Adjustments For Decrease Increase In Inventories | €13.0M | -€30.0M | — |
| Adjustments For Decrease Increase In Trade Account Receivable | -€7.0M | €36.0M | — |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | €4.0M | €95.0M | — |
| Adjustments For Income Tax Expense | €171.0M | €59.0M | — |
| Adjustments For Increase Decrease In Trade Account Payable | -€567.0M | -€117.0M | — |
| Adjustments For Interest Expense | €127.0M | €120.0M | — |
| Adjustments For Interest Income | €11.0M | €6.0M | — |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | €121.0M | €0 | — |
| Adjustments For Provisions | €289.0M | -€1.04B | — |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | €65.0M | -€9.0M | — |
| Adjustments To Reconcile Profit Loss Attributable To Owners of Parent To Numerator Used In Calculating Basic Earnings Per Share | €0 | — | — |
| Basic Earnings Loss Per Share From Continuing Operations | €-0.33 | €-2.56 | — |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €497.0M | €0 | — |
| Cash Flows From Used In Increase Decrease In Current Borrowings | -€263.0M | €147.0M | — |
| Cash Flows From Used In Investing Activities Continuing Operations | -€523.0M | -€246.0M | — |
| Cash Flows From Used In Investing Activities Discontinued Operations | -€27.0M | -€52.0M | — |
| Cash Flows From Used In Operating Activities Continuing Operations | -€523.0M | €3.0M | — |
| Cash Flows From Used In Operating Activities Discontinued Operations | €46.0M | €87.0M | — |
| Comprehensive Income From Continuing Operations Attributable To Noncontrolling Interests | €2.0M | €0 | — |
| Comprehensive Income From Continuing Operations Attributable To Owners of Parent | -€301.0M | -€2.52B | — |
| Comprehensive Income From Discontinued Operations Attributable To Noncontrolling Interests | €0 | €0 | — |
| Comprehensive Income From Discontinued Operations Attributable To Owners of Parent | €116.0M | -€69.0M | — |
| Current Contract Assets | €1.86B | €1.32B | — |
| Current Contract Liabilities | €2.61B | €2.52B | — |
| Current Finance Lease Receivables | €26.0M | €30.0M | — |
| Current Financial Assets Measured At Fair Value Through Other Comprehensive Income | €75.0M | €59.0M | — |
| Current Financial Liabilities | €159.0M | €412.0M | — |
| Current Payables On Social Security and Taxes Other Than Income Tax | €161.0M | €192.0M | — |
| Current Receivables From Taxes Other Than Income Tax | €141.0M | €196.0M | — |
| Current Tax Assets Current | €313.0M | €275.0M | — |
| Current Tax Assets Noncurrent | €5.0M | €20.0M | — |
| Current Tax Liabilities Current | €86.0M | €42.0M | — |
| Current Tax Liabilities Noncurrent | €23.0M | €42.0M | — |
| Deferred Tax Assets | €345.0M | €329.0M | — |
| Diluted Earnings Loss Per Share From Continuing Operations | €-0.33 | €-2.56 | — |
| Dividends Received Classified As Operating Activities | €29.0M | €27.0M | — |
| Equity and Liabilities | €12.40B | €11.54B | — |
| Finance Income | €1.01B | €304.0M | — |
| Gains Losses On Change In Fair Value of Derivatives | -€128.0M | -€112.0M | — |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | -€32.0M | €42.0M | — |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | -€18.0M | -€45.0M | — |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | €10.0M | -€3.0M | — |
| Income Taxes Paid Refund Classified As Operating Activities | -€165.0M | -€107.0M | — |
| Increase Decrease In Cash and Cash Equivalents | €420.0M | -€55.0M | — |
| Increase Decrease In Working Capital | -€646.0M | €2.08B | — |
| Increase Decrease Through Appropriation of Retained Earnings | €0 | €0 | €0 |
| Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control | €0 | €0 | — |
| Increase Decrease Through Sharebased Payment Transactions | €7.0M | €3.0M | €10.0M |
| Increase Decrease Through Transactions With Owners | €1.91B | -€15.0M | -€110.0M |
| Increase Decrease Through Transfers and Other Changes Equity | €2.0M | -€1.0M | -€3.0M |
| Increase Decrease Through Treasury Share Transactions | €0 | €15.0M | — |
| Inflows of Cash From Investing Activities | €503.0M | €15.0M | — |
| Interest Paid Classified As Operating Activities | €116.0M | €108.0M | — |
| Interest Received Classified As Operating Activities | €8.0M | €3.0M | — |
| Investment Accounted For Using Equity Method | €229.0M | €157.0M | — |
| Issue of Equity | €2.00B | €0 | €0 |
| Issued Capital | €502.0M | €2.19B | — |
| Liabilities | €10.31B | €11.19B | — |
| Liabilities Included In Disposal Groups Classified As Held For Sale | €45.0M | €0 | — |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | €211.0M | €0 | — |
| Noncurrent Finance Lease Receivables | €57.0M | €46.0M | — |
| Noncurrent Financial Liabilities | €1.73B | €2.43B | — |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | €0 | €0 | — |
| Noncurrent Provisions For Employee Benefits | €183.0M | €238.0M | — |
| Other Adjustments To Reconcile Profit Loss | -€109.0M | -€99.0M | — |
| Other Comprehensive Income | €26.0M | -€117.0M | — |
| Other Comprehensive Income Before Tax Cash Flow Hedges | -€52.0M | -€196.0M | — |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | €35.0M | €47.0M | — |
| Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | -€5.0M | €0 | — |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | €0 | €0 | — |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €40.0M | -€16.0M | — |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | -€35.0M | -€151.0M | €121.0M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | €35.0M | €47.0M | -€78.0M |
| Other Comprehensive Income Net of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income | -€4.0M | €0 | €0 |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | €0 | €0 | €0 |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | €20.0M | -€13.0M | -€1.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -€4.0M | -€104.0M | €43.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | €30.0M | -€13.0M | €0 |
| Other Current Assets | €272.0M | €231.0M | — |
| Other Current Financial Assets | €495.0M | €567.0M | — |
| Other Current Liabilities | €107.0M | €186.0M | — |
| Other Income Expense From Subsidiaries Jointly Controlled Entities and Associates | €0 | €0 | — |
| Other Longterm Provisions | €1.15B | €1.35B | — |
| Other Noncurrent Assets | €30.0M | €37.0M | — |
| Other Noncurrent Financial Assets | €65.0M | €61.0M | — |
| Other Noncurrent Liabilities | €2.0M | €30.0M | — |
| Other Operating Income Expense | €7.0M | €2.0M | — |
| Outflows of Cash From Investing Activities | €550.0M | €298.0M | — |
| Proceeds From Issuing Other Equity Instruments | €1.92B | €0 | — |
| Proceeds From Noncurrent Borrowings | €1.33B | €606.0M | — |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | €6.0M | €13.0M | — |
| Profit Loss From Continuing Operations | -€315.0M | -€2.41B | — |
| Profit Loss From Continuing Operations Attributable To Noncontrolling Interests | €0 | €0 | — |
| Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders of Parent Entity | -€315.0M | -€2.41B | — |
| Profit Loss From Discontinued Operations | €106.0M | -€61.0M | — |
| Profit Loss From Discontinued Operations Attributable To Noncontrolling Interests | €0 | €0 | — |
| Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders of Parent Entity | €106.0M | -€61.0M | — |
| Purchase of Treasury Shares | €0 | €15.0M | €16.0M |
| Repayments of Noncurrent Borrowings | €1.99B | €255.0M | — |
| Retained Earnings Excluding Profit Loss For Reporting Period | €91.0M | €230.0M | — |
| Retained Earnings Profit Loss For Reporting Period | -€209.0M | -€2.47B | — |
| Revenue From Contracts With Customers | €9.98B | €6.53B | — |
| Share Issue Related Cost | €81.0M | €0 | €0 |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | -€65.0M | €9.0M | — |
| Share Premium | €1.88B | €553.0M | — |
| Treasury Shares | €77.0M | €84.0M | — |
Methodology
Every line item above is a fact tagged in SAIPEM SPA's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.