Subsea 7 SA

SUBC: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NOK 831.00	Lkvdk	Kdcrvlyq

Subsea 7 Earnings: Strong Offshore Activity Pushes Subsea Backlog Above $9 Billion

Katherine Olexa

Nov 17, 2023

Subsea 7 remains on track to meet it’s 2023 goals as robust demand for offshore vessels and subsea services persists around the world. Management issued preliminary guidance for the next two years, including reiterated confidence for continued margin expansion, with the firmwide adjusted EBITDA margin will approaching 20% by the end of 2025.

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