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.
TypePublic
Founded2002
HQSutton, GB
Websitesubsea7.com
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2020)10,870(-8%)
Job Openings16
Revenue (FY, 2020)$3.5 B(-5%)
Share Price (Jun 2021)KR86.7(+2%)
Cybersecurity ratingFMore

Key People/Management at Subsea 7

John Evans

John Evans

Chief Executive Officer
Ricardo Rosa

Ricardo Rosa

Chief Financial Officer
Olivier Blaringhem

Olivier Blaringhem

Executive Vice President - Subsea and Conventional
Steph McNeill

Steph McNeill

Executive Vice President - Renewables
Dod Fraser

Dod Fraser

Independent Director
Phil Simons

Phil Simons

Executive Vice President - Projects and Operations
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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
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Subsea 7 Financials and Metrics

Subsea 7 Revenue

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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
USDFY, 2018FY, 2019FY, 2020

Revenue

4.1b3.7b3.5b

Revenue growth, %

(10%)(5%)

Cost of goods sold

3.6b3.3b3.7b

Gross profit

488.5m346.1m(186.5m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

809.2m1.2b1.1b859.2m957.9m950.6m750.6m754.0m947.4m

Cost of goods sold

735.7m1.0b908.0m811.3m849.1m816.0m736.8m1.0b892.9m

Gross profit

73.5m136.7m174.4m47.9m108.8m134.6m13.8m(277.2m)54.5m

Gross profit Margin, %

9%12%16%6%11%14%2%(37%)6%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

764.9m397.7m511.6m

Accounts Receivable

607.9m604.7m590.7m

Prepaid Expenses

165.7m168.6m197.6m

Inventories

32.0m31.2m26.4m
Annual
USDFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

459.1m644.5m1.4b

Inventories

4.7m800.0k4.3m

Cash From Operating Activities

423.6m356.7m446.8m

Purchases of PP&E

(237.9m)(239.9m)(157.3m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Depreciation and Amortization

109.8m218.6m322.0m118.9m242.4m362.2m114.6m1.0b1.1b

Inventories

400.0k(1.3m)(700.0k)(1.6m)(4.5m)(5.1m)(800.0k)1.8m1.8m

Cash From Operating Activities

5.8m47.7m237.6m58.1m129.7m195.0m82.4m301.2m423.0m

Purchases of PP&E

(78.0m)(123.8m)(197.6m)(66.4m)(145.1m)(170.4m)(86.7m)(113.1m)(1.3b)
USDQ1, 2018

Revenue/Employee

95.2k

Financial Leverage

1.3 x
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Subsea 7 Operating Metrics

Subsea 7's Backlog was reported to be $6.2b in FY, 2020.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 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
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Subsea 7 Acquisitions / Subsidiaries

Company NameDateDeal Size
4SubseaOctober 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
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Subsea 7 Revenue Breakdown

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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

Human Capital Metrics

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Subsea 7 Cybersecurity Score

Cybersecurity ratingPremium dataset

F

57/100

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Subsea 7 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Subsea 7 Online and Social Media Presence

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Subsea 7 News and Updates

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.

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…

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…

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.

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.

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…
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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.