Subsea 7 Hikes 2024 Outlook
July 25 (Reuters) -Subsea 7 SA SUBC.OL:
2024 REVENUE OUTLOOK: FROM $6.5 TO $6.8 BILLION (PREVIOUS VIEW $6.0-$6.5 BILLION)
2024 EBITDA OUTLOOK: $1,000 AND $1,050 MILLION (PREVIOUS VIEW FROM $950 MILLION TO $1.0 BILLION)
2025 ADJUSTED EBITDA MARGIN IS EXPECTED TO BE WITHIN AN 18 TO 20% RANGE (UNCHANGED)
WE EXPECT MARGIN TO CONTINUE TO IMPROVE, EXCEEDING 20% IN FULL YEAR 2026
HIGH TENDERING ACTIVITY SUPPORTS MANAGEMENT'S CONFIDENCE IN OUTLOOK FOR ORDER INTAKE AND MARGIN EXPANSION
ORDER INTAKE OF $4.0 BILLION, EQUIVALENT TO A BOOK-TO-BILL RATIO OF 2.3 TIMES, RESULTED IN A RECORD BACKLOG OF $12.5 BILLION
Source text for Eikon: ID:nGNE71m6Mn
Further company coverage: SUBC.OL
(Gdansk Newsroom)
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