Saipem announces the 2022 - 2025 four-year strategic plan

Towards a new Saipem, innovation and development

San Donato Milanese (Italy), October 28, 2021 - The Board of Directors of Saipem SpA, chaired by Silvia Merlo, yesterday approved “Verso una nuova Saipem” strategic plan for the four-year period 2022 - 2025.

“The strategic plan we are presenting today aims to build a company that grows, generates profits and cash flow with precise development objectives in the traditional energy sector, in the energy transition and in sustainable infrastructures, operating as a technological enabler of low carbon strategies”. Saipem CEO Francesco Caio explained this, illustrating the 2022-2025 strategic plan.

“The energy transition is not a simple shift towards low carbon sources but a radical transformation of an entire ecosystem. From a highly centralized sector, characterized by large plants and not very digitized, to a distributed one, strongly interconnected, with a growing centrality of innovative services and new operators other than traditional ones in terms of both supply and demand. It is a profound change that requires innovative and flexible operating models to compete and grow profitably”, added the manager.

“The plan – Caio stated - is based on Saipem's strong and competitive positioning, on a solid relationship with customers, on the experience acquired in complex projects and infrastructures, on operational and international logistics expertise and on our important portfolio of technologies. From the logic of assets to the logic of innovation is our slogan for defining a type of business where technologies and skills allow us to also offer new services capable of generating more stable and recurring revenues”.

“In this context – he continued - the new plan intends to mark a change of pace for Saipem which adopts a business model centered on a dual strategy. On the one hand, engineering for complex plants designed in partnership with our traditional customers to implement their decarbonization strategy; on the other hand, the development and construction of modular, standardized and scalable systems and the provision of technologically and digitally advanced services”.

“We have started the process of  building a more sustainable, technological and profitable Saipem”, Saipem CEO concluded.

PR Saipem 28.10.2021 - Strategy

pdf - 12-2022