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Saras SpA (SRS.MI)

SRS.MI on Milan Stock Exchange

2.16EUR
17 Aug 2018
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€-0.01 (-0.64%)
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Latest Key Developments (Source: Significant Developments)

Saras Q4 Comparable EBITDA At EUR 109.8 Mln
Monday, 12 Mar 2018 09:45am EDT 

March 12 (Reuters) - SARAS SPA ::SAYS FY 2017 EBITDA EUR 504.3 MILLION VERSUS EUR 638.1 MILLION YEAR AGO.SAYS FY 2017 NET PROFIT EUR 240.8 MILLION, UP 23% VERSUS YEAR AGO.Q4 REVENUE EUR 2.03 BILLION VERSUS EUR 2.12 BILLION YEAR AGO.Q4 COMPARABLE EBITDA EUR 109.8 MILLION VERSUS EUR 94.8 MILLION YEAR AGO.Q4 COMPARABLE NET INCOME EUR ‍​55.8 MLN VS EUR 18.7 MLN YEAR AGO.SAYS EUR 800 MILLION OF INVESTMENT PLAN APPROVED FOR THE PERIOD 2018-2021.2018-2021 BUSINESS PLAN CONFIRMS POLICY OF DIVIDENDS BETWEEN 40% AND 60% OF COMPARABLE NET PROFIT.CUMULATIVE CASH FLOW GENERATED FROM OPERATIONS DURING 2018-2021 IS FORECASTED AT ABOUT EUR 1,950-2,050 MILLION.  Full Article

Saras: Private Placement Of Bonds For Total Nominal Value Of EUR 200 Mln
Friday, 22 Dec 2017 08:43am EST 

Dec 22 (Reuters) - SARAS SPA ::ANNOUNCES PRIVATE PLACEMENT OF BONDS FOR TOTAL NOMINAL VALUE OF EUR 200 MILLION.BONDS TO HAVE MATURITY IN 2022 AND TO HAVE FIXED COUPON OF 1.70 PERCENT ON ANNUAL BASIS.  Full Article

Italy's Saras says 9-month net profit down 28 pct
Monday, 6 Nov 2017 07:45am EST 

Nov 6 (Reuters) - Saras :says 9-month revenues 5.7 billion euros.says 9-month reported net profit 109 million euros, down 28 pct.says 9-month comparable EBITDA 413 million euros.  Full Article

Saras Q2 comparable EBITDA down 15 pct at EUR 128.5 mln
Friday, 28 Jul 2017 07:21am EDT 

July 28 (Reuters) - SARAS SPA ::Q2 COMPARABLE EBITDA EUR 128.5 MILLION VERSUS EUR 146 MILLION AVERAGE CONSENSUS PROVIDED BY COMPANY.Q2 COMPARABLE NET INCOME EUR 57.4 MILLION VERSUS EUR 59 MILLION AVERAGE CONSENSUS PROVIDED BY COMPANY.Q2 REVENUE EUR 2.03 BILLION VERSUS EUR 1.77 BILLION YEAR AGO.NET FINANCIAL POSITION IS EXPECTED TO TURN POSITIVE BY YEAR END.  Full Article

Saras Q1 comparable EBITDA at EUR 125.6 mln
Tuesday, 16 May 2017 06:59am EDT 

May 16 (Reuters) - SARAS SPA ::Q1 COMPARABLE EBITDA EUR 125.6 MILLION VERSUS EUR 107 MILLION AVERAGE CONSENSUS PROVIDED BY COMPANY.Q1 REVENUE EUR 1.90 BILLION VERSUS EUR 1.31 BILLION YEAR AGO.Q1 ADJUSTED NET INCOME EUR 46.6 MILLION VERSUS EUR 30 MILLION AVERAGE CONSENSUS PROVIDED BY COMPANY.  Full Article

Saras to pay off remaining Iran oil debt by start of summer
Monday, 27 Feb 2017 10:10am EST 

Saras managing director Dario Scaffardi says: refiner paid three-quarters of oil debt to Iran last year . plans to pay off rest by beginning of summer Further company coverage: [SRS.MI] (Reporting by Milan newsroom).  Full Article

Saras Q4 comparable EBITDA rises to 147.8 mln euros
Monday, 27 Feb 2017 07:02am EST 

Saras SpA : Q4 comparable EBITDA 147.8 million euros ($156.42 million) (FY 2015: 130.0 million euros) versus 142 million euros of average consensus provided by company . Q4 adjusted net income 52.8 million euros (FY 2015: 29.5 million euros) versus 53 million euros of average consensus provided by the company . Q4 revenue 2.12 billion euros versus 1.57 billion euros a year ago . Proposes dividend of 0.1 euro per share . Contribution from the development initiatives to EBITDA expected to grow from 15 million euros in 2017 to 65 million euros in 2020 .During the business plan 2017-2020, it is forecasted to make about 650 million euros of "committed" investments.  Full Article

Saras shuts down catalytic reforming unit of Sarroch refinery for about 15 days
Tuesday, 6 Dec 2016 10:30am EST 

Saras SpA : On Dec. 5, due to failure, it has become necessary to shutdown one of the two catalytic reforming units of the Sarroch refinery .Shutdown is expected to last about 15 days, with an estimated economic impact of about 25 million euros ($26.85 million).  Full Article