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Subsea 7 ( (GB:0OGK) ) just unveiled an announcement.
Subsea 7 reported a strong start to 2025, with a 46% increase in first-quarter Adjusted EBITDA to $236 million and a robust backlog of $10.8 billion, providing over 80% visibility on 2025 revenue guidance. Despite global economic uncertainties, the company remains confident due to its strategic positioning in subsea and offshore wind markets, supported by a solid financial performance and a high-quality backlog.
More about Subsea 7
Subsea 7 S.A. operates in the offshore energy services industry, providing engineering, construction, and services to the subsea oil and gas sector. The company focuses on long-duration developments in cost-advantaged sectors of deepwater, with strategic exposure to gas developments and new oil provinces.
YTD Price Performance: -12.90%
Average Trading Volume: 56,111
Technical Sentiment Signal: Hold
Current Market Cap: NOK45.69B
Learn more about 0OGK stock on TipRanks’ Stock Analysis page.