Report
Baptiste Lebacq

Subsea 7 : Un backlog qui retrouve les points hauts de 2014

>Recommandation Surperformance et OC 114 NOK maintenus - A l’issue de la publication des résultats du T2 2022 et de la conférence téléphonique, avons marginalement ajusté notre séquence d’EBITDA sur 2022/24, la révision à la baisse du BPA 2022 est principalement due à une hausse de la fiscalité. Le groupe est, selon nous, bien positionné pour surfer sur la remontée des prix du pétrole et du gaz (via son positionnement en mer du Nord et une éventuelle accélération...
Underlying
Subsea 7 S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

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