Subsea 7 : Preserving cash is the priority!
>Buy rating on a group with a number of strengths - Following the Q1 results release (cf. our First Take of 30/04/2020) and the conference call, we lower our 2020-2023 EBITDA sequence by an average of 9%. We factor in a more cautious scenario for margin improvements though the changes to our scenario for the top line are not huge. Subsea 7 has a number of strengths via: 1/ its positioning on the offshore wind turbine installation business, which will be an ...Subsea 7 is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. Co. provides products and services required for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore. Co. also provides products and capabilities to deliver full Life of Field services to its clients. Through its i-Tech Division, Co. provides remotely operated vehicles and tooling services to support exploration, production and drilling activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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