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Last 2.61 NOK
Change Today 0.00 / 0.00%
Volume 0.0
REACH On Other Exchanges
Symbol
Exchange
As of 10:25 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

reach subsea asa (REACH) Snapshot

Open
2.61 NOK
Previous Close
2.61 NOK
Day High
2.61 NOK
Day Low
2.61 NOK
52 Week High
07/7/14 - 4.99 NOK
52 Week Low
06/17/15 - 2.01 NOK
Market Cap
199.0M
Average Volume 10 Days
15.7K
EPS TTM
0.17 NOK
Shares Outstanding
76.2M
EX-Date
05/19/06
P/E TM
15.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for REACH SUBSEA ASA (REACH)

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reach subsea asa (REACH) Details

Reach Subsea ASA provides subsea services in Norway. The company offers IMR, remotely operated vehicles, survey, construction support, and decommissioning services. It provides engineering services to the oil industry. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was founded in 2008 and is headquartered in Haugesund, Norway.

51 Employees
Last Reported Date: 04/30/15
Founded in 2008

reach subsea asa (REACH) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

reach subsea asa (REACH) Key Developments

Reach Subsea and MMT Establish Joint Venture Agreement Primarily for Survey Services

Reach Subsea and MMT have established a Joint Venture agreement primarily for survey services. Consequently, the two parties have performed a charter restructuring arrangement, which will add more flexibility to the business model and strengthen combined market reach. Included in the Joint Venture agreement is the shared commitment of the two survey vessels, Edda Fonn on charter to Reach until December 2017 and Stril Explorer on charter to MMT until April 2016. The two vessels will now be operated in a pool arrangement where risk and reward will be shared 50/50 between Reach and MMT, and jointly marketed towards clients. In case of not renewing the charter on Stril Explorer beyond the current period, Reach will consequently have a reduced charter commitment of approximately NOK 70 million. This will be re-invested by adding vessel capacity to the pool with MMT. Thus, the agreement increases capacity to grow at a point in time when opportunities are abundant, and the parties will leverage this increased joint strength by adding new competitive vessel capacity in the future and further develop the services offered to clients worldwide.

Reach Subsea ASA Announces Unaudited Consolidated Earnings Results for the First Ended March 31, 2015

Reach Subsea ASA announced unaudited consolidated earnings results for the first ended March 31, 2015. For the quarter, the company reported total income from operations was NOK 86,603,000, LBITDA was NOK 4,536,000, LBIT was NOK 8,531,000, loss before taxes was NOK 9,214,000 and loss was NOK 9,214,000 or NOK 0.12 diluted per share was against total income from operations was NOK 47,920,000, EBITDA was NOK 6,850,000, EBIT was NOK 3,977,000, profit before taxes was NOK 3,819,000 and profit after tax was NOK 3,819,000 or NOK 0.05 diluted per share a year ago. Net cash flow outflow operating activities was NOK 3,848,000 against NOK 1,582,000 a year ago. Purchase of fixed assets was NOK 9,071,000 against NOK 9,739,000 a year ago.

Reach Subsea ASA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2014

Reach Subsea ASA reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported operating income of NOK 84.295 million compared to NOK 24.090 million a year ago. Total operating income was NOK 84.295 million compared to NOK 24.090 million a year ago. EBITDA was NOK 6.802 million compared to LBITDA of NOK 11.218 million a year ago. EBIT was NOK 3.018 million compared to LBIT of NOK 13.469 million a year ago. Profit before taxes was NOK 7.696 million compared to loss before taxes of NOK 13.746 million a year ago. Profit was NOK 7.696 million compared to loss of NOK 10.746 million a year ago. Diluted EPS was NOK 0.10 compared to loss of NOK 0.14 a year ago. For the year, the company reported operating income of NOK 311.050 million compared to NOK 62.028 million a year ago. Total operating income was NOK 311.151 million compared to NOK 62.276 million a year ago. EBITDA was NOK 34.695 million compared to LBITDA of NOK 16.535 million a year ago. EBIT was NOK 21.020 million compared to LBIT of NOK 20.184 million a year ago. Profit before taxes was NOK 24.831 million compared to loss before taxes of NOK 18.747 million a year ago. Profit was NOK 24.831 million compared to loss of NOK 15.747 million a year ago. Diluted EPS was NOK 0.32 compared to loss of NOK 0.26 a year ago. Net cash flow from operating activities was NOK 43.591 million compared to net cash used in operating activities of NOK 31.220 million a year ago. Purchase of fixed assets was NOK 25.404 million compared to NOK 89.392 million a year ago. ROE was 16.1% for 2014.

 

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REACH Competitors

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Industry Analysis

REACH

Industry Average

Valuation REACH Industry Range
Price/Earnings 17.3x
Price/Sales 0.6x
Price/Book 1.4x
Price/Cash Flow 7.6x
TEV/Sales 0.1x
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