Saras S.p.A.

Equities

SRS

IT0000433307

Oil & Gas Refining and Marketing

Market Closed - Borsa Italiana Other stock markets 16:44:59 22/05/2024 BST			5-day change	1st Jan Change
1.615 ^EUR	0.00%		-8.50%	-0.06%

05-16	SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead
05-14	Transcript : Saras S.p.A., Q1 2024 Earnings Call, May 14, 2024

Massimo Moratti confirmed as chairman and CEO of Saras

May 03, 2023 at 12:16 pm

(Alliance News) - The board of directors on Wednesday confirmed the appointment of Massimo Moratti as chairman and chief executive officer.

Massimo Moratti was confirmed with strategic policy-making powers in addition to, among others, the powers to supervise and evaluate transactions on equity investments, companies, and business units of particular importance as well as the task of overseeing the functionality of the internal control and risk management system.

Franco Balsamo, general manager of the company, was appointed deputy ceo.

Saras on Wednesday trades in the red by 3.2 percent at EUR1.10 per share

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Saras S.p.A.

SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead	05-16
Transcript : Saras S.p.A., Q1 2024 Earnings Call, May 14, 2024	05-14
Saras, profit plummets in first quarter; production stable	05-14	AN
Saras S.p.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-13	CI
Stock markets expected in green ahead of GDP and inflation	04-30	AN
Stock markets mixed, eyes on Middle East and Fed	04-29	AN
Business Square still up; Eurozone confidence falls	04-29	AN
Indices in green; wait for German inflation	04-29	AN
Futures up; Brent falls in USD88 area	04-29	AN
Mib up; US stocks up after PCE data	04-26	AN
Stock markets up; Tenaris good after quarterly report	04-26	AN
Italian Prime Minister Clears Vitol's Purchase of 35% Saras Stake	04-26	MT
Europeans in the green; Nexi tops on Mib.	04-26	AN
Italy sets conditions for Vitol's takeover of Saras	04-26	RE
Saras, go-ahead from government for sale of 35 percent to Vitol	04-26	AN
VTTI to control Italy's biggest LNG terminal, Snam to get 30%	04-03	RE
Futures up sharply; wait for BoE	03-21	AN
Mib up slightly; annual high for Prysmian	03-20	AN
Mib just below parity; Terna advances on all	03-20	AN
Mib weak at start, Terna and Poste at antipodes	03-20	AN
Balyasny and Millennium raise short on DiaSorin	03-19	AN
Futures passive; BoJ abandons negative rates.	03-19	AN
Milan at parity; De Nora on bottom after accounts	03-18	AN
SARAS : Q4: Anticipated declines across the board but resilience eyed for FY24	03-18
Futures up in central bank week	03-18	AN

Chart Saras S.p.A.

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Company Profile

Saras SpA is an Italy-based company active in the energy sector. The Company operates refineries in Europe. The Company's activities are divided into five segments. The Refining segment refines crude oil into petroleum products at Sarroch refinery. The Marketing segmentâs activities focus on the wholesale of oil products aimed at smaller-sized customers, off-network customers and oil companies, as well as third-party operators and the Company-owned service stations, supermarkets and resellers. The Power Generation segment, through Sarlux Srl, focuses on the sale of electricity located within industrial complex in Sarroch. The Wind segment, through Sardeolica Srl, encompasses the production of electricity from renewable sources at the Ulassai wind farm. The Other segment includes environmental protection, measurement system, industrial efficiency and energy saving services.

Sector

Oil & Gas Refining and Marketing

Calendar

30/07/2024 - Q2 2024 Earnings Call

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Income Statement Evolution

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Analysis / Opinion

SARAS : Q1: Margin revival sets the stage for a refining profit upturn ahead

May 16, 2024 at 05:04 pm

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Ratings for Saras S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.615 EUR

Average target price

1.75 EUR

Spread / Average Target

+8.36%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Petroleum Refining

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Petroleum Refining