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Last 70.55 NOK
Change Today -1.30 / -1.81%
Volume 1.5M
SUBC On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Stockholm
Frankfurt
Frankfurt
As of 11:25 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

subsea 7 sa (SUBC) Snapshot

Open
72.85 NOK
Previous Close
71.85 NOK
Day High
72.85 NOK
Day Low
70.05 NOK
52 Week High
06/16/14 - 123.58 NOK
52 Week Low
01/30/15 - 63.05 NOK
Market Cap
23.4B
Average Volume 10 Days
2.2M
EPS TTM
1.29 NOK
Shares Outstanding
332.2M
EX-Date
06/29/15
P/E TM
6.8x
Dividend
--
Dividend Yield
5.10%
Current Stock Chart for SUBSEA 7 SA (SUBC)

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subsea 7 sa (SUBC) Details

Subsea 7 S.A. operates as a seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore. The company also offers engineering, procurement, installation, and commissioning of subsea umbilicals, risers, flowlines, and structures; life of field services, such as inspection, maintenance, repair, and integrity management of subsea infrastructure; conventional services comprising fabrication and installation of fixed platforms and associated pipelines; and hook-up services consisting of addition of modules on new platforms and the refurbishment of topsides of existing, fixed, and floating platforms. In addition, it operates heavy lift vessels; installs offshore wind turbines, structures, and substations; and transports and installs offshore oil and gas structures, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities. It has 39 vessels in the active fleet and 5 vessels under construction, as well as 175 ROVs. Subsea 7 S.A. was incorporated in 1993 and is based in London, the United Kingdom.

13,000 Employees
Last Reported Date: 03/11/15
Founded in 1993

subsea 7 sa (SUBC) Top Compensated Officers

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

Executives, Board Directors

subsea 7 sa (SUBC) Key Developments

Subsea 7 SA Not to Recommend Dividend for the Year 2014

Subsea 7 SA announced that its board has decided not to recommend a dividend in respect of 2014.

Subsea 7 SA Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Revenue Guidance for the Year 2015

Subsea 7 SA announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $1,394.9 million compared to $1,585.7 million a year ago. Net operating loss was $1,082.3 million compared to net operating income of $111.9 million a year ago. Loss before taxes was $1,041.8 million compared to income before taxes of $116.3 million a year ago. Net loss was $976.8 million compared to net income of $74.3 million a year ago. Net loss attributable to shareholders of the parent company was $967.9 million compared to income of $83.7 million a year ago. Diluted loss per share was $2.95 compared to diluted earnings per share of $0.23 a year ago. Adjusted diluted earnings per share were $0.61 compared to $0.23 a year ago. Adjusted EBITDA was $297 million compared to $242 million a year ago. Net cash generated from operating activities totaled $1.5 billion, with $361 million generated in the fourth quarter. Net cash used in investing activities amounted to $828 million, which included $861 million of capital expenditure, largely in relation to the construction of the remaining 5 vessels in fleet enhancement program. For the year, the company reported revenue of $6,869.9 million compared to $6,297.1 million a year ago. Net operating loss was $253.8 million compared to net operating income of $567.7 million a year ago. Loss before taxes was $229.5 million compared to income before taxes of $505.1 million a year ago. Net loss was $381.2 million compared to net income of $344.2 million a year ago. Net loss attributable to shareholders of the parent company was $337.8 million compared to net income of $349.7 million a year ago. Diluted loss per share was $1.02 compared to diluted earnings per share of $1.00 a year ago. Adjusted diluted earnings per share were $2.32 compared to $1.00 a year ago. Net cash generated from operating activities was $1,449.7 million compared to $1,032.5 million a year ago. Purchases of property, plant and equipment were $861.2 million compared to $787.5 million a year ago. Purchases of intangible assets were $6.4 million compared to $6.1 million a year ago. Adjusted EBITDA was $1,439 million compared to $981 million a year ago, reflected positive contributions from all four Territories and included a $100 million reduction in the full-life project loss on the Gua Lula NE project in Brazil. Net debt was $6 million, down by $220 million from the prior year as a result of strong net cash generation from operating activities, which included a $268 million decrease in net operating assets. Operational performance reflected, overall, good project execution delivered by experienced teams both onshore and offshore. Excluding the goodwill impairment charge, net income was $802 million. The company reported impairment of goodwill of $1,183.3 and impairment of property, plant and equipment of $88.8 million for the fourth quarter ended December 31, 2014. The company expects revenue in 2015, which is expected to be significantly lower than the record revenue reported in 2014 and expects adjusted EBITDA margin to decrease in 2015 as a consequence of lower activity levels and pricing pressure. The company expects net finance costs of around $5 million to $10 million due to lower levels of debt and increased levels of capitalized interest during vessel construction and expects depreciation in 2015 to be around $420 million to $440 million, higher than the charge incurred in 2014, largely due to the forecast progression of the fleet renewal program. This forecast does not include any reduction resulting from potential asset disposal. The effective tax rate is expected to be in the range of 28% to 31%, largely as a result of changes in the geographical mix of projects. The capital expenditure is expected to be slightly higher than in 2014, within the range of $900 million to $950 million and includes $700 million for the new-build vessel program, in addition to a basic level of ongoing sustaining CapEx of between $200 million and $250 million.

Subsea 7 S.A. Wins $240 Million Contract Extensions Offshore UK

Subsea 7 S.A. announced it has been awarded a two-year extension to two Underwater Services Contracts (USCs) by Shell Upstream International Europe, worth approximately USD 240 million. Under these Life of Field contract extensions for Diving Support Vessel (DSV) and Remotely Operated Vehicle Support Vessel (ROVSV) services, both of which will commence in 2016, Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services to Shell's UK offshore fields and facilities. The DSV contract will be delivered on a 24 hour, year-round basis through to the third quarter 2018. The ROVSV contract will cover a minimum of 100 vessel days per year and continue through to the second quarter of 2018.

 

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