Record Backlog and Order Intake
Subsea 7 reported a record backlog close to $14 billion with an order intake of $3.8 billion in Q3, resulting in a book-to-bill ratio of 2.1x for the quarter.
Significant EBITDA Growth
Adjusted EBITDA reached $407 million, marking a 27% increase year-on-year, with an expanded margin of 22%, reflecting strong project execution and high vessel utilization.
Positive Financial Guidance
Subsea 7 refined its guidance for 2025, anticipating revenue between $6.9 billion and $7.1 billion and an increased EBITDA margin of 20% to 21%. For 2026, revenue is expected to be between $7 billion and $7.4 billion with an EBITDA margin of approximately 22%.
Technological Advancements
The deployment of 4insight software added 35 days of operation to Seven Vega, improving project delivery efficiency by over 10%.