Ankündigung • May 03
Subsea 7 S.A. Raises Earnings Guidance for the Full Year 2026 Subsea 7 S.A. raised earnings guidance for the full year 2026. For the year, the company anticipated revenue this year which is expected to be between $7.4 and 7.8 billion (previously between $7.0 and $7.4 billion). Ankündigung • Mar 05
Subsea7 Announces CEO Succession Subsea7 announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. John has worked for Subsea7 and its predecessor companies for 40 years. He was COO of Subsea7 for 14 years and has been CEO of Subsea7 since 2020. Stuart has been CEO of Seaway7 since 2022. He joined Subsea7 in 1998 and has held a number of senior management positions including EVP Commercial and EVP Strategy and Alliances. Ankündigung • Feb 27
Subsea 7 S.A. Reports Asset Impairments for the Fourth Quarter Ended December 31, 2025 Subsea 7 S.A. reported asset impairments for the fourth quarter ended December 31, 2025. For the period, goodwill impairment charges of $17. 6 million (Q4 2024: $6.2 million) were recognized in the Condensed Consolidated Income Statement within operating expenses. Impairment charges of $10.1 million related to property, plant and equipment (Q4 2024: $14.2 million), $2.1 million related to intangible assets (Q4 2024: $1.6 million), and $1.4 million related to right -of-use assets (Q4 2024: nil) were also recognized in the Condensed Consolidated Income Statement. Ankündigung • Dec 15
Subsea 7 S.A., Annual General Meeting, May 12, 2026 Subsea 7 S.A., Annual General Meeting, May 12, 2026. Ankündigung • Nov 21
Subsea 7 S.A. Revises Earnings Guidance for the Full Year of 2025 and Provides Earnings Guidance for the Year 2026 Subsea 7 S.A. revised earnings guidance for the full year 2025 and provides earnings guidance for the year 2026. For the full year, revenue is expected to be in a range between $6.9 billion and $7.1 billion while margins are expected to be between 20% and 21% .
For the year 2026, The company expects revenue to be within a range of $7.0 billion to $7.4 billion. Ankündigung • May 10
Subsea 7 S.A. Announces Changes to Its Board, Effective Immediately Subsea 7 S.A. announced the election of Lucia Andrade as a Non-Executive Director at the 2025 annual general meeting of shareholders (AGM) and the decision of Jean Cahuzac to retire from his position as Non-Executive Director with immediate effect. Jean has served on the Board since 2008 and was also CEO of Subsea7 until December 31, 2019. Jean was a member of the Compensation Committee and the Tender Committee, and changes to committee memberships will be discussed at the next meeting of the Board later this month. Ankündigung • May 09
Subsea 7 S.A. Approves Cash Dividend in Two Instalments, Payable in May 22, 2025 and November 6, 2025, Respectively Subsea 7 S.A. at its AGM held on 8 May 2025, the allocation of results of the Company for the fiscal year ended 31 December 2024, including the payment of a dividend in the amount of NOK 13.00 per common share, to be paid in two equal instalments on 22 May 2025 and 6 November 2025. Ankündigung • Mar 22
Subsea 7 S.A. to Report Q4, 2025 Results on Feb 26, 2026 Subsea 7 S.A. announced that they will report Q4, 2025 results on Feb 26, 2026 Ankündigung • Feb 28
Subsea 7 S.A. Proposes Cash Dividend in Two Instalments, Payable in May and November 2025 Respectively At the Annual General Meeting on 8 May 2025, the Board of Directors of Subsea 7 S.A. will propose that shareholders approve a cash dividend of NOK 13.00 per share, equating to approximately $350 million, payable in two equal instalments in May and November 2025. This represents a year-on-year increase of 40% in returns to shareholders and is equivalent to an approximate yield of 7% related to the cash dividend. Ankündigung • Feb 24
Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion. Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026.
Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively. Ankündigung • Dec 04
Subsea 7 S.A., Annual General Meeting, May 08, 2025 Subsea 7 S.A., Annual General Meeting, May 08, 2025. Ankündigung • Dec 03
Subsea 7 S.A. to Report Fiscal Year 2024 Final Results on Mar 21, 2025 Subsea 7 S.A. announced that they will report fiscal year 2024 final results on Mar 21, 2025 Ankündigung • Nov 21
Subsea 7 S.A. Provides Earnings Guidance for the Full Year of 2025 Subsea 7 S.A. provided earnings guidance for the full year of 2025. For the year, the company expects revenue to be between $6.8 billion and $7.2 billion. Ankündigung • Jul 25
Subsea 7 S.A. Revises Earnings Guidance for the Full Year 2024 Subsea 7 S.A. revised earnings guidance for the full year 2024. For the year, the company expects revenue to be in a range from $6.5 billion to $6.8 billion (previously $6.0 billion to $6.5 billion). Ankündigung • May 03
Subsea 7 S.A. Approves Payment of Dividend Subsea 7 S.A. announced that, at the 2024 annual general meeting of shareholders on 2 May 2024, all resolutions were approved, including the payment of a dividend of NOK 6.00 per common share, to be paid in two equal instalments. Ankündigung • Apr 27
Subsea 7 S.A. Provides Revenue Guidance for Full Year 2024 Subsea 7 S.A. provided revenue guidance for full year 2024. For full year 2024 company continue to expect revenue between $6.0 billion and $6.5 billion. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: US$0.052 (vs US$0.20 in FY 2022) Full year 2023 results: EPS: US$0.052 (down from US$0.20 in FY 2022). Revenue: US$5.97b (up 16% from FY 2022). Net income: US$15.4m (down 73% from FY 2022). Profit margin: 0.3% (down from 1.1% in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 24
Subsea 7 S.A. to Report Q4, 2024 Results on Feb 27, 2025 Subsea 7 S.A. announced that they will report Q4, 2024 results on Feb 27, 2025 Ankündigung • Mar 01
Subsea 7 S.A. Proposes Cash Dividend to Be Paid in Two Instalments, Payable on May 14, 2024 November 7, 2024 Respectively Subsea 7 S.A. announced that its Board of Directors will recommend to the shareholders at the Annual General Meeting of the Company to be held on 2 May 2024 (the AGM) that a dividend of NOK 6.00 per share be paid, in two instalments, equivalent to a total dividend of approximately USD 170 million. Key information relating to the first instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 3.00 per share, Announced currency: NOK, Last day including right: 3 May 2024, Ex-date: 6 May 2024, Record date: 7 May 2024, Payment date: 14 May 2024, Approval date: the proposed cash dividend is subject to approval at the AGM. Key information relating to the second instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 3.00 per share, Announced currency: NOK, Last day including right: 29 October 2024, Ex-date: 30 October 2024, Record date: 31 October 2024, Payment date: 7 November 2024, Approval date: the proposed cash dividend is subject to approval at the AGM. 