Edition:
United States

Saras SpA (SRS.MI)

SRS.MI on Milan Stock Exchange

1.36EUR
11:35am EDT
Change (% chg)

€-0.06 (-4.49%)
Prev Close
€1.43
Open
€1.43
Day's High
€1.43
Day's Low
€1.36
Volume
4,998,223
Avg. Vol
3,904,290
52-wk High
€2.26
52-wk Low
€1.36

Latest Key Developments (Source: Significant Developments)

Saras Q1 Comparable EBITDA At EUR 22.8 Mln
Monday, 13 May 2019 07:47am EDT 

May 13 (Reuters) - Saras SpA ::Q1 REVENUE EUR 2.09 BILLION VERSUS EUR 2.42 BILLION YEAR AGO.Q1 COMPARABLE EBITDA EUR 22.8 MILLION VERSUS EUR 24 MILLION IN AVERAGE COMPANY-PROVIDED CONSENSUS.Q1 COMPARABLE NET LOSS EUR 40.8 MILLION VERSUS LOSS EUR 21 MILLION IN AVERAGE COMPANY-PROVIDED CONSENSUS.  Full Article

Saras CEO Says Refining Margins Improving Markedly In 2019
Tuesday, 16 Apr 2019 04:47am EDT 

April 16 (Reuters) - Saras SpA Chief Executive Dario Scaffardi tells annual shareholder meeting::SEES REFINING MARGINS IMPROVING MARKEDLY IN 2019.  Full Article

Saras CEO says Venezuela, Iran problems have removed 2-3 mln barrels of crude per day
Monday, 4 Mar 2019 09:45am EST 

March 4 (Reuters) - Saras SpA CEO says::PROBLEMS IN VENEZUELA, IRAN HAVE REMOVED 2-3 MILLION BARRELS OF SOUR CRUDE PER DAY.IMPACT IS "VERY STRONG".  Full Article

Saras Q4 Comparable EBITDA At EUR 92.0 Mln
Monday, 4 Mar 2019 09:15am EST 

March 4 (Reuters) - Saras SpA ::Q4 COMPARABLE EBITDA EUR 92.0 MILLION VERSUS EUR 95 MILLION IN AVERAGE CONSENSUS PROVIDED BY COMPANY.Q4 COMPARABLE NET INCOME EUR 73.6 MILLION VERSUS EUR 40 MILLION IN AVERAGE CONSENSUS PROVIDED BY COMPANY.Q4 REVENUE EUR 1.43 BILLION VERSUS EUR 2.03 BILLION YEAR AGO.PROPOSES DIVIDEND OF EUR 0.08 PER SHARE.PLANS EUR 830 MILLION OF INVESTMENTS IN 2019 – 2022.BUSINESS PLAN 2019 - 2022: ADDITION OF 30 MW OF WIND INSTALLED CAPACITY AND ENTRY INTO BUNKERING SECTOR.BUSINESS PLAN 2019 - 2022: STRONG CASH GENERATION EXPECTED.EXPECTS CUMULATIVE CASH FLOW FROM OPERATIONS IN 2019 - 2022 AT APPROX. EUR 2,100 - 2,200 MILLION.POLICY PROVIDING FOR PAYMENT OF DIVIDENDS BETWEEN 40% AND 60% OF COMPARABLE NET PROFIT CONFIRMED.  Full Article

Saras Q3 Comparable Net Result Down At EUR 44.1 Mln
Monday, 29 Oct 2018 08:19am EDT 

Oct 29 (Reuters) - Saras SpA ::Q3 COMPARABLE NET RESULT EUR 44.1 MILLION VERSUS EUR 51.7 MILLION YEAR AGO.Q3 REVENUE EUR 3.37 BLN VS EUR 1.73 BLN YEAR AGO.  Full Article

Saras Massimo Moratti S.A.P.A. And Mobro S.P.A. Complete Placement Of Shares
Thursday, 6 Sep 2018 02:02am EDT 

Sept 6 (Reuters) - Saras SpA ::MASSIMO MORATTI S.A.P.A. AND MOBRO S.P.A. COMPLETE PLACEMENT OF SHARES EQUAL TO APPROXIMATELY 10%OF SAR AS' ORDINARY SHARES CAPITAL.  Full Article

Bookrunner Says Books Are Covered In Saras ABB
Wednesday, 5 Sep 2018 12:00pm EDT 

Sept 5 (Reuters) - Saras SpA's Bookrunner::BLOCKTRADE-SARAS SPA: BOOKRUNNER SAYS BOOKS ARE COVERED.  Full Article

Massimo Moratti, Mobro Launch Sale Of Up To 95.1 Mln Saras Shares
Wednesday, 5 Sep 2018 08:00am EDT 

Sept 5 (Reuters) - Massimo Moratti::MASSIMO MORATTI S.A.P.A. AND MOBRO S.P.A. LAUNCH SALE OF UP TO 95.1 MILLION ORDINARY SHARES IN SARAS S.P.A..MASSIMO MORATTI - CO AND MOBRO S.P.A. JOINTLY STARTED PLACEMENT OF UP TO 95.1 MILLION SHARES IN SARAS WHICH IS ABOUT 10 PERCENT OF SARAS SHARE CAPITAL.MASSIMO MORATTI - PLACEMENT WILL BE MADE TO CERTAIN INSTITUTIONAL INVESTORS BY WAY OF AN ACCELERATED BOOKBUILDING PROCESS.MASSIMO MORATTI - BOOKBUILDING WILL COMMENCE IMMEDIATELY AND BOOKS MAY BE CLOSED AT ANY TIME.MASSIMO MORATTI - MERRILL LYNCH INTERNATIONAL HAS BEEN APPOINTED BY EACH OF SELLERS TO ACT AS SOLE BOOKRUNNER OF PLACEMENT.MASSIMO MORATTI - FOLLOWING PLACEMENT COMPLETION, CO AND MOBRO WILL CONTINUE TO BE TWO LARGEST SHAREHOLDERS OF SARAS.  Full Article

Saras Q2 Comparable EBITDA At EUR 78.8 Mln
Monday, 30 Jul 2018 07:20am EDT 

July 30 (Reuters) - Saras SpA ::Q2 COMPARABLE NET INCOME EUR 6.3 MILLION VERSUS AVERAGE COMPANY-PROVIDED CONSENSUS OF EUR 24 MILLION.Q2 REVENUE EUR 3.17 BILLION VERSUS EUR 2.03 BILLION YEAR AGO.Q2 COMPARABLE EBITDA EUR 78.8 MILLION VERSUS AVERAGE COMPANY-PROVIDED CONSENSUS OF EUR 79 MILLION.SEES POSITIVE NET FINANCIAL POSITION AT YEAR-END.REFINERY IN H2 WILL BE ABLE TO OPERATE AT FULL CAPACITY AND TO OBTAIN HIGHER RESULTS COMPARED TO H1.WITH REGARD TO ELECTRICITY GENERATION, CO EXPECTS CONSOLIDATION OF RESULTS ACHIEVED IN THE FIRST HALF.  Full Article

Saras Q1 Comparable EBITDA Down At EUR 71.6 Mln
Monday, 14 May 2018 07:48am EDT 

May 14 (Reuters) - Saras SpA ::Q1 REVENUE EUR 2.41 BILLION VERSUS EUR 1.90 BILLION YEAR AGO.Q1 COMPARABLE EBITDA EUR 71.6 MILLION VERSUS EUR 124.1 MILLION YEAR AGO.Q1 COMPARABLE NET INCOME EUR 8.5 MILLION VERSUS EUR 52.5 MILLION YEAR AGO.  Full Article