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

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

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

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

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

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