OverviewSuggest Edit
Subsea 7 is a company that provides project management, engineering, and construction services to clients in both the oil and gas and renewables sectors. It operates in Subsea and Conventional and Renewables business units. The Renewables business unit, branded Seaway 7, focuses on the renewables supply chain, providing clients with foundations and cable lay services for the construction of offshore wind farms. The Subsea and Conventional business unit offers offshore energy services delivering design, engineering, procurement, construction, and installation (EPCI) and decommissioning projects.
| Type | Public | |
| Founded | 2002 | |
| HQ | Sutton, GB | Map |
| Website | subsea7.com | |
| Employee Ratings | More |
Key People/Management at Subsea 7
John Evans
Chief Executive Officer
Ricardo Rosa
Chief Financial Officer
Olivier Blaringhem
Executive Vice President - Subsea and Conventional
Steph McNeill
Executive Vice President - Renewables
Dod Fraser
Independent Director
Phil Simons
Executive Vice President - Projects and Operations
Subsea 7 Office Locations
Subsea 7 has offices in Sutton, Old Kilpatrick, Westhill, Wick and in 29 other locations
Sutton, GB (HQ)
40 Brighton Rd
Old Kilpatrick, GB
Napier House, Erskine Ferry Rd
Westhill, GB
Arnhall Business Park
Wick, GB
Bridge of Wester
Luanda, AO
Rua Rainha Ginga, 29-6º
Perth, AU
15-17 Williams Street
Subsea 7 Financials and Metrics
Subsea 7 Revenue
Subsea 7's revenue was reported to be $3.47 b in FY, 2020 which is a 5.2% decrease from the previous period.
| USD | |
|---|---|
Revenue (FY, 2020) | 3.5b |
Revenue growth (FY, 2019 - FY, 2020), % | (5.2%) |
Gross profit (FY, 2020) | (186.5m) |
Gross profit margin (FY, 2020), % | (5.4%) |
Net income (FY, 2020) | (1.1b) |
EBIT (FY, 2020) | (1.0b) |
Market capitalization (11-Jun-2021) | 25.8b |
Closing stock price (11-Jun-2021) | 86.7 |
Cash (31-Dec-2020) | 511.6m |
EV | 25.8b |
Subsea 7's current market capitalization is kr25.8 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 809.2m | 1.2b | 1.1b | 859.2m | 957.9m | 950.6m | 750.6m | 754.0m | 947.4m |
Cost of goods sold | 735.7m | 1.0b | 908.0m | 811.3m | 849.1m | 816.0m | 736.8m | 1.0b | 892.9m |
Gross profit | 73.5m | 136.7m | 174.4m | 47.9m | 108.8m | 134.6m | 13.8m | (277.2m) | 54.5m |
Gross profit Margin, % | 9% | 12% | 16% | 6% | 11% | 14% | 2% | (37%) | 6% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 1.0b | 613.6m | 732.0m | 665.9m | 420.1m | 367.1m | 339.6m | 483.4m | 541.5m |
Accounts Receivable | 567.3m | 639.7m | 632.3m | 676.4m | 687.4m | 713.0m | 623.0m | 553.9m | 472.9m |
Prepaid Expenses | 199.1m | 171.5m | 225.6m | 168.6m | 236.9m | 192.8m | 184.0m | 156.5m | 193.2m |
Inventories | 36.7m | 38.3m | 37.6m | 33.9m | 36.6m | 36.6m | 31.1m | 28.5m | 30.6m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Depreciation and Amortization | 109.8m | 218.6m | 322.0m | 118.9m | 242.4m | 362.2m | 114.6m | 1.0b | 1.1b |
Inventories | 400.0k | (1.3m) | (700.0k) | (1.6m) | (4.5m) | (5.1m) | (800.0k) | 1.8m | 1.8m |
Cash From Operating Activities | 5.8m | 47.7m | 237.6m | 58.1m | 129.7m | 195.0m | 82.4m | 301.2m | 423.0m |
Purchases of PP&E | (78.0m) | (123.8m) | (197.6m) | (66.4m) | (145.1m) | (170.4m) | (86.7m) | (113.1m) | (1.3b) |
| USD | Q1, 2018 |
|---|---|
Revenue/Employee | 95.2k |
Financial Leverage | 1.3 x |
Subsea 7 Operating Metrics
Subsea 7's Backlog was reported to be $6.2b in FY, 2020.
| Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Backlog | $5.3 b | $5.4 b | $5.1 b | $4.91 b | $5.2 b | $4.6 b | $4.9 b | $5.19 b | $5.6 b | $7 b | $6.8 b | $6.21 b |
Order Intake | $829 m | $1.4 b | $800 m | $4 b | $1.1 b | $400 m | $1.4 b | $3.95 b | $1.5 b | $2 b | $700 m | $4.4 b |
Order Intake (Life of Field) | $376 m | $121 m | ||||||||||
Order Intake (Renewables and Heavy Lifting) | $365 m | $1.94 b |
Subsea 7 Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| 4Subsea | October 03, 2019 | |
| 4Subsea AS Norway General Trading | ||
| 4Subsea Astori AS Norway General Trading | ||
| 4Subsea Do Brasil Projetos e Servicos deIntegridade Subsea Ltda Brazil General Trading | ||
| 4Subsea UK Limited United Kingdom General Trading | ||
| Acergy B.V. Netherlands Holding | ||
| Acergy France S.A.S. France General Trading | ||
| Acergy Holdings (Gibraltar) Limited(a) Gibraltar Special Purpose | ||
| Aquarius Solutions Inc. Canada General Trading | ||
| Aurora Environmental Limited United Kingdom General Trading |
Subsea 7 Revenue Breakdown
Subsea 7 revenue breakdown by business segment: 18.2% from Renewables and Heavy Lifting , 7.4% from Life of Field and 74.4% from SURF and Conventional
Subsea 7 revenue breakdown by geographic segment: 14.1% from Norway, 15.0% from United States of America, 37.3% from United Kingdom, 5.4% from Brazil and 28.2% from Other
Subsea 7 Cybersecurity Score
Subsea 7 Environment, Social & Governance (ESG) Ratings
Subsea 7 Online and Social Media Presence
12.67k Twitter followers
Subsea 7 has 12.67k Twitter Followers. The number of followers has increased 1.5% quarter over quarter
Subsea 7's Trends
Twitter Engagement Stats for @Subsea7Official
1k
Tweets
120
Following
12.7k
Followers
7
Tweets last 30 days
7.7
Avg. likes per Tweet
100%
Tweets with engagement
Subsea 7 News and Updates
June 04, 2021
Subsea 7 : 2021 Ordinary General Meeting
Luxembourg – 4 June 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that, at the 2021 Ordinary General Meeting (OGM) of shareholders on 4 June 2021, the resolution to appoint Ms Louisa Siem as Non-Executive Director of the Board was approved.
May 12, 2021
Subsea 7 S.A. announces proposed nomination to the Company’s Board of Directors
Luxembourg – 12 May 2021 - 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 Ordinary General Meeting of Shareholders (the OGM) scheduled to take pla…
April 29, 2021
Subsea 7 S.A. ex-dividend NOK 2.00 today
Luxembourg – 29 April 2021 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) advises that shares in the Company will be traded ex-dividend of NOK 2.00 with effect from today, 29 April 2021. The date of payment of the dividend will be 7 May 2021 for holders of Common Shares and 14 May 2021 for holders of…
April 29, 2021
Subsea 7 S.A. announces Ordinary General Meeting of Shareholders
Luxembourg – 29 April 2021 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that an Ordinary General Meeting of Shareholders (the “Meeting”) will be held on 4 June 2021 at 15:00 (local time) at the Company’s registered office, 412F, route d’Esch, L-2086 Luxembourg.
April 29, 2021
Subsea 7 S.A. Announces First Quarter 2021 Results
Luxembourg – 29 April 2021 – Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355) announced today results for the first quarter which ended 31 March 2021.
April 16, 2021
Subsea 7 S.A. announces an update to the terms of its $200 million share repurchase programme
Luxembourg – 15 April 2021 - Subsea 7 S.A. (the Company) (Oslo Børs: SUBC, ADR: SUBCY) today announced that on 15 April 2021, the Board of Directors authorised a 24-month extension to the Group’s $200 million share repurchase programme, previously announced on 25 July 2019. The extension will expir…
Subsea 7 Frequently Asked Questions
When was Subsea 7 founded?
Subsea 7 was founded in 2002.
Who are Subsea 7 key executives?
Subsea 7's key executives are John Evans, Ricardo Rosa and Olivier Blaringhem.
How many employees does Subsea 7 have?
Subsea 7 has 10,870 employees.
What is Subsea 7 revenue?
Latest Subsea 7 annual revenue is $3.5 b.
What is Subsea 7 revenue per employee?
Latest Subsea 7 revenue per employee is $318.9 k.
Who are Subsea 7 competitors?
Competitors of Subsea 7 include Allseas, Blattner Energy and Electromec.
Where is Subsea 7 headquarters?
Subsea 7 headquarters is located at 40 Brighton Rd, Sutton.
Where are Subsea 7 offices?
Subsea 7 has offices in Sutton, Old Kilpatrick, Westhill, Wick and in 29 other locations.
How many offices does Subsea 7 have?
Subsea 7 has 37 offices.
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