SAIPEM SPA: management transactions · Italy · Consob

About SAIPEM SPA

Saipem SpA is an industrial engineering and services group listed on Borsa Italiana (FTSE MIB) in Italy, focused on the design, construction and operation of complex energy infrastructure both offshore and onshore. Headquartered in Milan, the company has built its franchise over more than 65 years and remains deeply embedded in Italy’s energy-industrial landscape. Saipem positions itself as a “One Company” operating in more than 50 countries through five business lines: Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind and Sustainable Infrastructures. ([saipem.com](https://www.saipem.com/en/about-us?utm_source=openai)) The group’s roots go back to the post-war industrial expansion in Italy; Saipem states it was founded in that environment, with its first drilling operations dating back to 1959 offshore Gela in Sicily. That origin explains the company’s long-standing expertise in drilling, subsea work and offshore installation. Over time, Saipem broadened its scope through acquisitions and technology development, particularly in subsea robotics and energy infrastructure execution. ([saipem.com](https://www.saipem.com/en/saipem-story-en?utm_source=openai)) Operationally, Saipem covers a wide part of the project value chain: concept and feasibility studies, engineering, procurement, construction, installation, maintenance, modification, operations and decommissioning. Its offering spans fixed and floating platforms, subsea control systems, offshore and onshore pipelines, gas treatment units, compressor stations, LNG and regasification facilities, fertiliser-related infrastructure, offshore wind and broader decarbonisation-oriented projects. This breadth gives the company diversification, while still leaving it exposed to energy investment cycles and large-capex project timing. ([saipem.com](https://www.saipem.com/en/about-us/business-activities?utm_source=openai)) Saipem’s competitive position is supported by its execution know-how, industrial assets, drilling fleet, offshore heritage and ability to deliver technically demanding mega-projects, including deep-water work. The company markets itself as a global leader in offshore engineering and construction and highlights a worldwide client base that includes major oil companies and national energy players. Its international footprint and technical centres provide commercial reach and project delivery capabilities across multiple geographies. ([saipem.com](https://www.saipem.com/en/solutions-energy-transition/offshore?utm_source=openai)) Recent news shows improving momentum. In 2025, Saipem reported revenue of €15.5 billion, adjusted EBITDA of €1.7 billion, stronger free cash flow and backlog above €31 billion. In the first quarter of 2026, the company again reported improved profitability and a positive pre-IFRS 16 net cash position. Key corporate developments include the merger agreement signed with Subsea7 in July 2025 and the authorization to proceed with the Hammerhead offshore project for ExxonMobil Guyana. ([saipem.com](https://www.saipem.com/en/media/press-releases/2026-02-24/saipem-preliminary-results-fourth-quarter-and-financial-year-2025?utm_source=openai))