Business
Italy’s Saipem to Submit Updated Business Plan to Board on March 15
Published by maria gbaf
Posted on February 16, 2022
1 min readLast updated: February 9, 2026
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Published by maria gbaf
Posted on February 16, 2022
1 min readLast updated: February 9, 2026
Add as preferred source on GoogleMILAN (Reuters) – Italian energy services group Saipem said on Tuesday it would submit an updated strategic plan for approval by the board on March 15.
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)
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.
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.
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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