Saras S.p.A. Business Structure and Performance

Saras S.p.A. is a large Italian company with a complex business structure. It operates in the energy sector, specifically in the production and sale of electricity and gas.

The company has a number of subsidiaries, including Saras Raffinerie Italiane and Saras Energia. These subsidiaries play a crucial role in the company's overall performance.

Saras S.p.A. has a strong presence in the Italian energy market, with a significant share of the country's electricity and gas production. Its financial performance is also noteworthy, with a revenue of €1.4 billion in 2020.

Saras S.p.A. has a diverse portfolio of assets, including refineries, power plants, and gas pipelines.

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Saras S.p.A. operates a large refinery in Sarroch, Italy, with a refining capacity of about 15 million tons per year, which is roughly 15% of the total capacity of Italian refineries.

The company's refining capacity is impressive, but it's not just about production - Saras also sells and distributes oil products directly and through its subsidiaries. This includes diesel, gasoline, diesel fuel for heating, liquefied petroleum gas (LPG), virgin naphtha, and aviation fuel, mainly on the Italian and Spanish markets.

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The company's operations also extend to renewable energy, with a large wind farm in Ulassai, Sardinia, with an installed capacity of 96 MW. This is a significant contribution to the region's energy needs.

Here is a list of Saras S.p.A.'s senior management team:

The company's management team is led by Franco Balsamo, who has been CEO since June 2024, and Massimo Moratti, who has been the Chairman since May 2018.

The Saras Group's operations are quite impressive. The Sarroch refinery has the highest production capacity of any Mediterranean refinery, with a refining capacity of about 15 million tons per year.

This refinery produces a wide range of oil products, including diesel, gasoline, diesel fuel for heating, liquefied petroleum gas (LPG), virgin naphtha, and aviation fuel. The company sells and distributes these products directly, and through its subsidiaries, mainly on the Italian and Spanish markets.

In 2018, the company sold approximately 2.12 million tonnes of petroleum products in Italy on the wholesale market, and a further 1.56 million tonnes were sold on the Spanish market through its subsidiary Saras Energia SAU.

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The Saras Group also operates an IGCC plant, which has an installed power of 575 MW. This plant generates over 4 billion kWh of electricity per year, which corresponds to more than 45% of Sardinia's electricity requirement.

This is a significant contribution to the region's energy needs. The feedstock used by the IGCC plant is the heavy products of the refinery.

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The Saras S.p.A. management team is led by Franco Balsamo, who serves as the Chief Executive Officer (CEO) and is 65 years old. He took over the role on June 17, 2024.

Fabio Peretti is the Director of Finance and Chief Financial Officer (CFO), joining the company on April 30, 2024. Patrizia Radice has been the Human Resources Officer since December 31, 2018.

The company's Board of Directors is composed of experienced professionals, including Massimo Moratti, who serves as the Chairman and is 80 years old. He has been in the role since May 2, 2018.

Here's a list of the current Directors and their titles:

The economic data of Saras S.p.A. is quite impressive. The company has around 1,591 employees.

Their consolidated revenue for 2023 was approximately 11.443 billion euros. This is a significant number that showcases the company's financial health.

The net profit for the same year was 248 million euros.

Saras S.p.A. has a diverse group of shareholders, with various entities holding significant stakes in the company.

Massimo Moratti S.a.p.A. is the largest shareholder, holding a 20.011% stake in the company.

Angel Capital Management S.p.A. and Stella Holding S.p.A. are also major shareholders, each owning 10.005% of Saras S.p.A.

Saras S.p.A. itself holds a relatively small stake, with Saras S.p.A. owning 0.970% of the company.

Other entities own a combined 59.009% of Saras S.p.A., making up the remaining shareholding.

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Saras S.p.A. has been navigating the global market with a diverse sales presence, spanning across multiple regions.

Their sales in non-EEC countries have shown fluctuations, with a significant drop from 4.39B in 2019 to 2.54B in 2020, followed by a slight increase to 4.58B in 2023.

Italy remains a key market for Saras S.p.A., with sales steadily increasing from 2.62B in 2019 to 4.54B in 2023.

In contrast, sales in Spain have experienced a decline, dropping from 811M in 2019 to 1.2B in 2023.

Here's a breakdown of Saras S.p.A.'s sales by region:

Sales by Geography is a crucial aspect of any business, and Saras S.p.A. is no exception. The company's sales figures reveal a fascinating trend.

In the fiscal period of 2022, Saras S.p.A. generated a significant portion of its sales from outside the European Economic Community (EEC). Non-EEC sales accounted for 7.09 billion euros, more than double the sales generated in 2021.

The breakdown of sales by country is equally interesting. Italy remains a key market for Saras S.p.A., with sales reaching 4.2 billion euros in 2022. This represents a significant increase from 2021, when sales were 4.32 billion euros.

In contrast, Spain and the United States saw a decline in sales in 2022 compared to the previous year. Spain's sales decreased to 1.2 billion euros, down from 1.72 billion euros in 2021. The United States also saw a decline, with sales dropping to 148 million euros in 2022, down from 217 million euros in 2021.

Here's a summary of the sales figures for each country:

The data suggests that Saras S.p.A. is adapting to changing market conditions and adjusting its sales strategy accordingly.

Oil & Gas Marketing is a highly specialized field that requires a deep understanding of the industry and its unique challenges.

The oil and gas industry is one of the most competitive markets, with many players vying for a share of the global market.

A well-crafted marketing strategy can help oil and gas companies differentiate themselves from the competition and attract new customers.

According to a recent survey, 80% of oil and gas companies believe that digital marketing is crucial for their business growth.

To effectively market oil and gas products, companies need to focus on creating engaging content that resonates with their target audience.

A study found that 75% of oil and gas professionals rely on industry-specific content to make informed purchasing decisions.

Oil and gas companies can also use social media to build brand awareness and engage with their target audience.

A social media campaign can help oil and gas companies reach a wider audience and increase their online presence.

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Saras S.p.A. has been involved in several controversies over the years.

In January 2007, Milan prosecutors launched an investigation into the listing of Saras for inflated prices. The case was officially dismissed in May 2011.

The company's operations have been criticized for their impact on the environment. A documentary film titled Oil, released in January 2009, investigated the death of a worker on the job and alleged widespread pollution caused by the Sarroch refinery.

Three workers died on the job at Sarroch refinery in May 2009, while performing a maintenance task in an accumulator. I can only imagine the shock and grief that their families must have felt.

The company was eventually judged non-liable for the deaths, but two former managers were given suspended sentences in 2014. The Court of Appeals of Cagliari condemned Dario Scaffardi and Guido Grosso with a suspended sentence of 20 months.

In 2010, the Moratti family, who own the refinery, announced legal action against a book that investigated the company's practices. The book, titled Nel paese dei Moratti, was edited by Chiarelettere.

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Saras S.p.A. has been making headlines in the news, with Vitol S.A. completing the acquisition of the remaining 54.52% stake in the company on September 24, 2010.

The acquisition marked a significant milestone for Vitol, which now holds a majority stake in Saras. This move has likely had a significant impact on the company's operations and future plans.

Saras S.p.A. has also been involved in various other news stories, including a drop from the Euronext 150 Index on September 24, 2009, and a drop from the S&P Global BMI Index on August 21, 2024.

On August 19, 2024, the Mib index was up slightly, with financial stocks performing well. This was a positive sign for the market, but it's worth noting that Vitol's acquisition of Saras was still pending at this time.

Saras has also been working on sustainability initiatives, including a partnership with Maire to develop a sustainable aviation fuel pilot plant in Italy, announced on August 2, 2024.

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Here are some key news stories related to Saras S.p.A.:

Saras has also been releasing its earnings reports, including a report for the half year ended June 30, 2024, which showed a dip in refining margins. This has likely had an impact on the company's future plans and operations.

Saras S.p.A. is committed to maintaining open and transparent communication with its investors. The company regularly updates its website with the latest financial reports and presentations.

Saras S.p.A. has a dedicated Investor Relations team that handles all investor inquiries and provides support. This team is available to answer any questions investors may have about the company's financial performance or future prospects.

The company's Investor Relations team is responsible for managing the flow of information to the market and ensuring that investors have access to the information they need to make informed decisions. They are also responsible for organizing investor meetings and presentations.

Saras S.p.A. has a strong track record of delivering value to its shareholders, with a history of consistent dividend payments and share price growth. This has helped to build trust and confidence with investors.

The company's Investor Relations team is also responsible for engaging with analysts and other stakeholders to provide insights into the company's performance and future prospects. This helps to maintain a positive and informed dialogue with the investment community.

Saras S.p.A. is committed to maintaining the highest standards of corporate governance and transparency in its investor relations activities. This includes providing regular updates on its financial performance and strategic plans.

Saras S.p.A. is a company that regularly issues tenders and contracts for various projects.

You can find detailed insights into these open, awarded, and pre-solicited tenders and contracts on their official platform.

Saras S.p.A. tenders cover a wide range of industries and sectors, providing opportunities for businesses to participate and collaborate.

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The company's tendering process is transparent, allowing potential bidders to access information and plan their participation accordingly.

Saras S.p.A. is committed to fair and competitive bidding, ensuring that all parties have an equal chance to submit their proposals.

By accessing their tenders and contracts, businesses can gain a competitive edge and stay ahead in the market.

Saras S.p.A. tenders are a great way for companies to expand their reach and explore new partnerships and collaborations.

Saras S.p.A. has a diverse group of companies under its umbrella. Saras Trading SA is a Swiss company that distributes petroleum products, based in Geneva, Switzerland.

The group's companies can be categorized into different sectors, including Wholesale Distributors, Alternative Power Generation, Electric Utilities, and Oil Refining/Marketing. Saras Trading SA falls under Wholesale Distributors, while Sardeolica Srl operates in Alternative Power Generation.

Sarlux Srl, an Italian company, engages in the energy and oil refining sectors, with activities including electricity and fuel plant operations. Saras Energia SA, based in Madrid, Spain, provides petrol refinery services and operates gas stations.

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Here's a breakdown of the group's companies:

Some of the notable CEOs in the group include Marco Schiavetti of Saras Trading SA, who has been at the helm since 2015, and Giuseppe Citterio of Sardeolica Srl.