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Italy’s Saipem to submit updated business plan to board on March 15

Published by maria gbaf

Posted on February 16, 2022

1 min read

· Last updated: February 9, 2026

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Saipem logo on the Saipem 10000 drillship illustrating the company's strategic plans - Global Banking & Finance Review
This image features the Saipem logo displayed on the Saipem 10000 deepwater drillship, symbolizing the company's upcoming strategic plan submission for board approval on March 15, 2023.
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MILAN (Reuters) – Italian energy services group Saipem said on Tuesday it would submit an updated strategic plan for approval by the board on March 15. Sapem, which presented its 2022-2025 plan last October, issued a surprise profit warning at the end of last month and pulled its outlook. The company, controlled by energy group […]

MILAN (Reuters) – Italian energy services group Saipem said on Tuesday it would submit an updated strategic plan for approval by the board on March 15.

Sapem, which presented its 2022-2025 plan last October, issued a surprise profit warning at the end of last month and pulled its outlook.

The company, controlled by energy group Eni and state lender CDP, said it would present guidelines for the review of the plan with some financial results on Feb. 24.

The plan will be presented to the market in a conference call on March 16, it added.

(Reporting by Stephen Jewkes; editing by Agnieszka Flak)

Frequently Asked Questions

What is a strategic plan?
A strategic plan is a document that outlines an organization's long-term goals and the strategies to achieve them. It serves as a roadmap for decision-making and resource allocation.
What is a profit warning?
A profit warning is a public announcement made by a company indicating that its profits will be lower than expected. This can impact investor confidence and stock prices.
What are financial results?
Financial results refer to the summary of a company's financial performance over a specific period, including revenue, expenses, and profit or loss.

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