| Previous close | 78.32 |
| Open | 78.14 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 75.76 - 78.70 |
| 52-week range | 75.76 - 78.70 |
| Volume | |
| Avg. volume | N/A |
| Market cap | N/A |
| Beta (5Y monthly) | 1.50 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 16.48 |
Luxembourg – 22 May 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today confirmed the award of a major1 contract by Turkish Petroleum for the second phase of the Sakarya field development offshore Türkiye in the Black Sea. The award for this two-phase subsea development was announced in redacted form on 12 May 2023. The first phase has been recorded in the backlog in the second quarter of 2023 and the second phase, expected in 2024, remains subject to sanction by the client. The contract is
Luxembourg – 12 May 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a contract for a two-phase subsea development. The first phase has been recorded in the backlog of the Subsea and Conventional business unit in the second quarter of 2023. The second phase, expected in 2024, remains subject to sanction by the client. The initial scope of work to be executed by Subsea7 comprises the engineering, procurement, construction, and installation of approximately 37 kilome
Luxembourg – 3 May 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial contract to Subsea Integration Alliance1 by bp and its JV partner Wintershall Dea for the Raven Infills Project, offshore Egypt. The contract scope is for a two-well tie-back in the West Nile Delta block and includes the engineering, procurement, transport and installation of approximately six kilometres of flexible pipes, umbilical, and associated subsea structures in water depths of
Luxembourg – 2 May 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced an award by LLOG Exploration Offshore, LLC as project manager for the Salamanca development project, which includes the Leon and Castile fields, in the US Gulf of Mexico. The award is defined as sizeable1. The contract scope includes the installation of three infield subsea pipeline systems, as well as the design and fabrication of subsea structures. Subsea development will consist of two pipeline systems for t
Luxembourg – 27 April 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2023. First quarter highlights First quarter Adjusted EBITDA of $107 million resulting in a margin of 9%Order flow remains strong, with a book-to-bill of 1.5x Backlog of $9.7 billion at 31 March 2023, of which $4.0 billion to be executed in 2023 and $3.4 billion in 2024High tendering acti
Luxembourg – 25 April 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) refers to the stock exchange release dated 14 March 2023 where Subsea 7 S.A. ("Subsea7") announced the issuance of 8,540,433 new shares (the "Consideration Shares") with a separate ISIN in connection with the completion of the acquisition of 187,889,551 shares in Seaway 7 ASA from Songa Capital AS, Lotus Marine AS and West Coast Invest AS. The Consideration Shares have today, following the record date for the annual dividen
Luxembourg – 25 April 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) refers to the stock exchange release dated 19 April 2023 where Subsea 7 S.A. ("Subsea7") announced the final results in the voluntary exchange offer to acquire all shares in Seaway 7 ASA (the "Offer"). The Offer has now been settled and Subsea7 has issued 1,435,806 new shares. The new share capital of Subsea7 is USD 608,588,544, divided into 304,294,272 shares with a nominal value of USD 2.00 each. Subsea7 intends to conduc
Luxembourg – 19 April 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the Company) today announced that on 19 April 2023, the Board of Directors authorised a 24-month extension to the Group’s $200 million share repurchase programme, originally announced on 25 July 2019, and extended on 15 April 2021. The repurchased shares will be held in treasury and will be used to fulfil obligations under Subsea7’s employee share-based payment schemes or to meet obligations arising from debt financial ins
Luxembourg – 19 April 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) refers to the stock exchange release dated 2 March 2023 where Subsea 7 S.A. (the "Offeror" or "Subsea7") announced that it had entered into an agreement to acquire 21.52% of the shares in Seaway 7 ASA and that it would initiate a voluntary exchange offer (the "Offer") to acquire the remaining outstanding shares in Seaway 7 ASA ("Seaway7") in accordance with a 1 to 22 exchange ratio, i.e. 1 new Subsea7 share for every 22 Sea
Luxembourg – 18 April 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY18 April 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that following the changes to Board composition approved at the 2023 annual general meeting of shareholders on 18 April 2023, changes have been made to the responsibilities of the Board members. Kristian Siem, in his capacity as permanent representative of Treveri S.à r.l. on the Board of Directors, has been appointed as Chairman of the Board. Kristia
Luxembourg – 18 April 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the Company) today announced that, at the 2023 annual general meeting of shareholders (AGM) on 18 April 2023, all resolutions were approved. In addition, at the subsequent extraordinary general meeting of shareholders (EGM) on the same day, both proposed resolutions, which related to (i) to the authority of the Board of Directors to repurchase and, as the case may be, to subsequently cancel Company shares and reduce the iss
Luxembourg – 13 April 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the Company) announced that on 13 April 2023 it transferred 9,913 common shares held in treasury to satisfy employee share awards under the Company’s Long-term Incentive Plan. Following the above transfer, the number of common shares held in treasury is 4,102,387 representing 1.35% of the Company's issued common shares. The number of issued common shares including treasury shares is unchanged at 302,858,466. **************
Luxembourg – 20 March 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its first quarter results for the period ending 31 March 2023 on 27 April 2023 at 08:00 CEST. From 08:00 CEST the results announcement and presentation will be available at subsea7.com. A conference call and simultaneous webcast for the investment community will be held on 27 April 2023 at 13:00 CEST. Conference call registration: Webcast registration: https://edge.media-server.com/mmc/p/obrzwjppDial-in registr
Amended to add attachment "Report of Board of Subsea 7 S.A. for April 2023 EGM" Luxembourg – 17 March 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today published and distributed to eligible holders of Common Shares and American Depositary Receipts the Notice of Meeting and supporting materials for the Annual General Meeting of Shareholders (the AGM) and the Extraordinary General Meeting of Shareholders (the EGM). The AGM is scheduled to take place at 15:00 (local time) on 18 April 2023 at
Luxembourg – 17 March 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the following proposed changes to the membership of the Board of Directors, with new appointments being subject to approval at the AGM on 18 April 2023: Mr Dod Fraser, currently Independent Director and Chairman of the Audit Committee, will not be standing for re-election at the AGM. Mr Fraser served on the Board for more than 13 years and the Board would like to thank him for his valuable contribution to Su
Luxembourg – 15 March 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the publication of the Annual Report containing the Consolidated Financial Statements for the Subsea7 Group and the Financial Statements of Subsea 7 S.A., the Parent Company, for the year ended 31 December 2022. The Annual Report is accompanied by the Sustainability Report for 2022, which was also published today. Both reports are available on the Group’s website, subsea7.com. *******************************
Luxembourg – 14 March 2023 - Subsea 7 S.A. ("Subsea7") (Oslo Børs: SUBC, ADR: SUBCY) today announced that it has completed the acquisition of 187,889,551 shares in Seaway 7 ASA ("Seaway7"), corresponding to 21.52% of Seaway7's issued and outstanding share capital, from Songa Capital AS, Lotus Marine AS and West Coast Invest AS. Following completion of the acquisition Subsea7 holds 93.94% of the issued and outstanding share capital of Seaway7. As consideration, Songa Capital AS, Lotus Marine AS a
Luxembourg – 2 March 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN LU0075646355) (the Company) announced that, in accordance with the delegation of authority given to the Board at the Extraordinary General Meeting of shareholders held on 14 April 2021, the Board has, as previously announced, resolved to cancel 5,681,967 shares held in treasury, representing approximately 1.9% of the number of issued common shares. The cancellation has now been effected and, as a result, the issued shar
Luxembourg – 2 March 2023 - Subsea 7 S.A. ("Subsea7") (Oslo Børs: SUBC, ADR: SUBCY) today announced that it has entered into agreements to acquire 187,889,551 shares in Seaway 7 ASA ("Seaway7"), corresponding to 21.52% of Seaway7's issued and outstanding share capital, from Songa Capital AS, West Coast Invest AS and Lotus Marine AS (the “Transactions"). As consideration, Songa Capital AS, West Coast Invest AS and Lotus Marine AS will receive 1 new share in Subsea7 for every 22 shares in Seaway7.
Luxembourg – 2 March 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, marking confidence in the financial position and outlook for the Group, the Board of Directors will recommend to shareholders at the Annual General Meeting (“AGM”) that a dividend of NOK 4.00 per share be paid, equivalent to a total dividend of approximately $110 million. The AGM is scheduled to take place at 15:00 (local time) on 18 April 2023 at the Company's registered office, 412F, route d'Esch, L-1
Luxembourg – 2 March 2023 – 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 2022. Unless otherwise stated the comparative period is the full year which ended 31 December 2021. Full year highlights Full year Adjusted EBITDA of $559 million resulting in a margin of 11%Highest order intake since 2013 at over $7 billion Backlog of $9.0 billion, of wh
Luxembourg – 28 February 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a large1 contract by Azule Energy in the framework of the Agogo Integrated West Hub Development Project, offshore Angola. The contract scope includes the transport and installation of approximately 98 kilometres of flexible pipes, 30 kilometres of umbilicals and associated subsea structures in water depths of around 1,700m. Project management and engineering have commenced and will be managed
Luxembourg – 27 February 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its fourth quarter and full year results for the period ended 31 December 2022 on 2 March 2023 at 07:00 CET. From 07:00 CET the results announcement and presentation will be available at www.subsea7.com. A conference call and simultaneous webcast for the investment community will be held on 2 March 2023 at 13:00 CET. Conference call information:Date: 2 March 2023Time: 12:00 GMT / 13:00 CET Conference call re
Luxembourg – 24 February 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced a sizeable1 award by Petrobras for a pipelay support vessel (PLSV) offshore Brazil. The agreement extends an existing contract for Seven Cruzeiro from February until November 2023. Daniel Hiller, Vice-President Brazil, said: "This extension reflects our track record of delivering successful PLSV activities in Brazil, achieving high standards of safety and a strong operational performance. We look forward
Luxembourg – 14 February 2023 - Seaway 7 ASA (Euronext Growth: SEAW7), part of the Subsea7 Group, today announced that it has been awarded a large(1) contract for an undisclosed offshore wind farm project. The scope includes the transport and installation of inner-array and export power cables and respective cable protection systems. Operations on the project are expected to commence in 2023 and continue through 2024 and 2025. The contract is subject to final investment decision by the client. (