Detail akcie Subsea 7 Depository Receipt online

Business Summary: Subsea 7 S.A. is engaged in the delivery of offshore projects and services for the energy industry. The Company provides products and services required for subsea field development, including project management, design and engineering, procurement, 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. Its segments include Subsea and Conventional, and Renewables. The Subsea and Conventional business unit include Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, installation and commissioning of complex subsea oil and gas systems in deep waters, and Conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments. The Renewables business unit comprises activities related to the delivery of fixed offshore wind farm projects.
Financial Summary: BRIEF: For the three months ended 31 March 2022, Subsea 7 SA (ADR) revenues increased 20% to $1.19B. Net loss totaled $14.9M vs. income of $2M. Revenues reflect Subsea and Conventional segment increase of 23% to $901.6M, Renewables segment increase of 10% to $266.4M, Corporate segment increase of 28% to $25.8M. Net loss reflects Corporate segment income decrease of 98% to $300K, Subsea and Conventional segment loss increase from $6.8M to $14.6M.