Although its operating performance continues to exceed expectations (Q4 was the fifth consecutive quarter with a c10% beat on EBITDA estimates), investor excitement has eased following the Saipem7 announcement. We consider the market outlook for Subsea 7 to be solid, forecasting sustained margin expansion. At the same time, inside the Saipem conglomerate ahead, we believe a discount multiple will be applied by investors. Hence, we reiterate our HOLD and NOK205 target price.
Key information relating to the proposed cash dividend to be paid by Subsea 7 S.A. Luxembourg – 27 February 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the Company) today announced that its Board of Directors will recommend to the shareholders at the Annual General Meeting of the Company to be held on 8 May 2025 (the AGM) that a dividend of NOK 13.00 per share be paid, in two instalments, equivalent to a total dividend of approximately USD 350 million. Key information relating to the first instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 6.5 per shareA...
Subsea 7 S.A. Announces Fourth Quarter and Full Year 2024 Results Luxembourg – 27 February 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the fourth quarter and full year which ended 31 December 2024. Unless otherwise stated the comparative period is the full year which ended 31 December 2023. Highlights Full year Adjusted EBITDA of $1,090 million, up 53% on the prior year, equating to a margin of 16%Fourth quarter Adjusted EBITDA of $315 million, up 29% on the prior year period, eq...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.