Subsea 7

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 offers cable laying, installation services for WTG foundations, transportation and installation of offshore substation jackets and topsides, as well as transportation solutions for cargoes.

TypePublic
Founded2002
HQOslo, NOMap
Websitesubsea7.com
Employee Ratings4.1More
View Jobs (164)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)10,870(-8%)
Job Openings164
Revenue (FY, 2021)$5 B(+45%)
Share Price (May 2022)KR90.3(+7%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Subsea 7

John Evans

John Evans

Chief Executive Officer
Ricardo Rosa

Ricardo Rosa

Chief Financial Officer
Steph McNeill

Steph McNeill

Executive Vice President, Subsea 7 Renewables
Dod Fraser

Dod Fraser

Independent Director
Phil Simons

Phil Simons

Executive Vice President of Projects and Operations
Eldar Saetre

Eldar Saetre

Independent Director
Show more

Subsea 7 Office Locations

Subsea 7 has offices in Oslo, Røyneberg, Tromsø, Houston and in 36 other locations
Oslo, NO (HQ)
Haakon VIIs gate 1, 11th floor
Røyneberg, NO
Kanalsletta 9
Tromsø, NO
Storgata 70
Perth, AU
Level 5/17 William St
Bakı, AZ
62 Üzeyir Hacıbəyov
Niteroi, BR
Rua Engenheiro Fabio Goulart, 155 llha da Conceição
Show all (45)

Subsea 7 Financials and Metrics

Subsea 7 Revenue

Subsea 7's revenue was reported to be $5.01 b in FY, 2021
USD

Revenue (FY, 2021)

5.0b

Gross profit (FY, 2021)

5.0b

Net income (FY, 2021)

36.4m

EBITDA (FY, 2021)

518.1m

EBIT (FY, 2021)

119.1m

Market capitalization (13-May-2022)

26.7b

Closing stock price (13-May-2022)

90.3

Cash (31-Dec-2021)

597.6m

EV

26.7b
Subsea 7's current market capitalization is kr26.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

4.1b3.7b3.5b5.0b

Gross profit

4.1b3.7b3.5b5.0b

R&D expense

(19.4m)(22.0m)(14.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

859.2m958.0m950.5m750.6m754.0m947.4m996.4m1.2b1.5b

Gross profit

859.2m958.0m950.5m750.6m754.0m948.5m996.4m1.2b1.5b
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

764.9m397.7m511.6m597.6m

Accounts Receivable

467.3m442.9m497.7m655.9m

Prepaid Expenses

234.7m271.5m257.5m204.5m

Inventories

32.0m31.2m26.4m40.3m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

665.9m420.1m367.1m339.6m483.4m541.5m527.0m389.8m299.9m

Accounts Receivable

676.4m687.4m713.0m623.0m553.9m472.9m545.0m583.4m712.0m

Prepaid Expenses

168.6m184.0m204.0m

Inventories

33.9m36.6m36.6m31.1m28.5m30.6m31.6m33.7m35.1m
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

216.3m(52.9m)(1.1b)100.7m

Depreciation and Amortization

420.4m475.1m349.6m355.8m

Inventories

4.7m800.0k4.3m(9.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(28.8m)7.2m77.8m(33.3m)(971.7m)(982.6m)2.5m(25.3m)81.1m

Depreciation and Amortization

118.9m242.4m362.2m114.6m230.3m328.7m87.8m181.9m264.6m

Inventories

(1.6m)(4.5m)(5.1m)(800.0k)1.8m(200.0k)(5.2m)(7.0m)(8.6m)
show all
USDFY, 2018

Revenue/Employee

365.6k
Show all financial metrics

Subsea 7 Operating Metrics

Subsea 7's Backlog was reported to be $6.7b in Q3, 2021.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

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$6 b$6.8 b$6.73 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$800 m$1.9 b$1.4 b

Order Intake (Life of Field)

$376 m$121 m

Order Intake (Renewables and Heavy Lifting)

$365 m$1.94 b
Show all operating metrics

Subsea 7 Acquisitions / Subsidiaries

Company NameDateDeal Size
4subseaOctober 03, 2019
Siem Offshore Contractors GmbHApril 10, 2018
Seaway Heavy Lifting HoldingMarch 13, 2017
Swagelining Ltd.August 10, 2016
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
Show more

Subsea 7 Revenue Breakdown

Embed Graph

Subsea 7 revenue breakdown by business segment: 73.3% from SURF AND CONVENTIONAL, 25.1% from RENEWABLES AND HEAVY LIFTING and 1.5% from Other

Human Capital Metrics

Source: uploads4.craft.co
Embed Graph
Show all human capital metrics

Subsea 7 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

Learn more about our premium products
SecurityScorecard logo

Subsea 7 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
CSRHub logo

Subsea 7 Online and Social Media Presence

Subsea 7's Trends

Embed Graph

Subsea 7 News and Updates

May 12, 2022

Subsea 7 S.A. Conference Call Notification - Second Quarter 2022 Results

Luxembourg – 12 May 2022 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter results for the period ended 30 June 2022 on 28 July 2022 at 7:00am UK time.
May 11, 2022

Subsea 7 awarded contract offshore Trinidad and Tobago

Luxembourg – 11 May 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 project by BP for the TOPR project located offshore Trinidad and Tobago, in water depths of up to 280 feet.
April 29, 2022

Subsea 7 awarded contract offshore West Africa

Luxembourg – 29 April 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial1 contract for the engineering, procurement, installation, and commissioning of flowlines and umbilicals, offshore West Africa.
April 28, 2022

Subsea 7 S.A. Announces First Quarter 2022 Results

Luxembourg – 28 April 2022 – Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355) announced today results for the first quarter which ended 31 March 2022.
April 12, 2022

Subsea 7 S.A. 2022 AGM and EGM

Luxembourg – 12 April 2022 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that at the 2022 Annual General Meeting (AGM) of shareholders on 12 April 2022 all resolutions were approved.
March 24, 2022

Subsea 7 S.A. Conference Call Notification - First Quarter 2022 Results

  Luxembourg – 24 March 2022 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its first quarter results for the period ended 31 March 2022 on 28 April 2022 at 07:00 UK time.
Show more

 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 Steph McNeill.

  • How many employees does Subsea 7 have?

    Subsea 7 has 10,870 employees.

  • What is Subsea 7 revenue?

    Latest Subsea 7 annual revenue is $5 b.

  • What is Subsea 7 revenue per employee?

    Latest Subsea 7 revenue per employee is $460.9 k.

  • Who are Subsea 7 competitors?

    Competitors of Subsea 7 include DeepOcean, Balmoral Offshore Engineering and Allseas.

  • Where is Subsea 7 headquarters?

    Subsea 7 headquarters is located at Haakon VIIs gate 1, 11th floor, Oslo.

  • Where are Subsea 7 offices?

    Subsea 7 has offices in Oslo, Røyneberg, Tromsø, Houston and in 36 other locations.

  • How many offices does Subsea 7 have?

    Subsea 7 has 45 offices.