SOC Subsea 7 S.A.

Subsea 7 S.A. Notification of major holding

Subsea 7 S.A. Notification of major holding

Subsea 7 S.A. has received notification of transactions in its shares by a major shareholder. Please see the attached forms for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Attachment



EN
21/10/2024

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SOCSubsea 7 S.A.

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Reports on Subsea 7 S.A.

ABGSC Oil & Oil Services Research ... (+3)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
12h / 16m 12h / 16m 1 EN
 PRESS RELEASE
Free
SOC SUBSEA 7 S.A.

Subsea 7 S.A. Announces Third Quarter 2024 Results

Subsea 7 S.A. Announces Third Quarter 2024 Results Luxembourg – 21 November 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the third quarter which ended 30 September 2024. Highlights  Third quarter Adjusted EBITDA of $321 million, up 59% on the prior year period, equating to a margin of 18% Robust free cash flow of $138 million in the third quarter, leading to a reduction in net debt of $170 millionAdjusted EBITDA in the first nine months of 2024 of $775 million, exceeding the prior fu...

21h / 54m 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
SOC SUBSEA 7 S.A.

Subsea 7 (Buy, TP: NOK260.00) - All eyes on 2025 guidance

We are in line with consensus on Q3e adj. EBITDA and expect 2025 revenue guidance to be the key focus (margin guidance already provided). Our 2025e revenue of USD7.1bn is in line with consensus, with YOY growth supported by an already-secured backlog (69% backlog coverage versus 55% historically), higher dayrates for its PLSVs, and two new fleet additions in 2025. We reiterate our BUY and NOK260 target price.

11/20/24 November 20, 2024 1 EN
ABGSC Energy Research ... (+7)
  • ABGSC Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Oliver Dunvold
  • Stian Wibstad
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ABGSC Oil & Oil Services Research ... (+3)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
11/17/24 November 17, 2024 1 EN

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