Annuncio • 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). Annuncio • 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. Annuncio • 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. Annuncio • Dec 15
Subsea 7 S.A., Annual General Meeting, May 12, 2026 Subsea 7 S.A., Annual General Meeting, May 12, 2026. Annuncio • 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. Annuncio • 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. Annuncio • 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. Annuncio • 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 Annuncio • 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. Annuncio • 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. Annuncio • Dec 04
Subsea 7 S.A., Annual General Meeting, May 08, 2025 Subsea 7 S.A., Annual General Meeting, May 08, 2025. Annuncio • 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 Annuncio • 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. Annuncio • 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). Annuncio • 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. Annuncio • 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. Annuncio • 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 Annuncio • 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. Annuncio • Nov 18
Subsea 7 S.A. Reconfirmes Revenue Guidance for the Year 2024 Subsea 7 S.A. reconfirmed revenue guidance for the year 2024. In 2024, the company anticipate that revenue will be between $6.0 billion and $6.5 billion. Annuncio • Jul 26
Subsea 7 S.A. Provides Financial Guidance for 2023 Subsea 7 S.A. provided financial guidance for 2023. The company continue to expect revenue in 2023 to be higher than 2022. Annuncio • Jun 20
Subsea 7 Offers to Buy Norway’s DOF Group UK-based engineering firm Subsea 7 SA (OSE:SUBC) unveiled on June 16, 2023 that it has offered to acquire DOF Group ASA for NOK 35 (USD 3.33/EUR 3.03) per share, or at a premium of 25% to the Norwegian vessel operator’s targeted initial public offering (IPO) price of NOK 28 per share. The takeover proposal was submitted on June 15 and turned down by the target company on the next day, Subsea 7 said in a statement. The proposed transaction consideration comprised NOK 7 in cash and NOK 28 in newly-issued shares in Subsea 7 with the stock component representing a stake of about 11.5% in Subsea 7. It was subject to various conditions, including due diligence. DOF, which launched the IPO in June, separately said that after carefully considering the takeover bid, the company’s board concluded not to cancel the on-going IPO and listing on the Oslo Stock Exchange. Annuncio • Nov 17
Subsea 7 S.A. Provides Earnings Guidance for the Full Years 2022 and 2023 Subsea 7 S.A. provided earnings guidance for the full years 2022 and 2023. For the year 2022, the company continue to expect that revenue in 2022 will be broadly in line with 2021.The company anticipated that revenue in 2023 will be higher than 2022, with a weighting towards the second half. Annuncio • Jul 28
Subsea 7 S.A. Provides Earnings Guidance for the Full Year 2022 Subsea 7 S.A. provides earnings guidance for the full year 2022. For the year, the company continue to expect that revenue will be broadly in line with 2021. Annuncio • Jun 14
Subsea 7 S.A. Provides Earnings Guidance for the Year 2022 Subsea 7 S.A. provided earnings guidance for the year 2022. For the year, the company expects revenue to be in line with previous guidance towards $1 billion. Annuncio • Apr 13
Subsea 7 S.A. Approves Dividend, Payable on May 6, 2022 Subsea 7 S.A. approved At the AGM, the payment of a dividend of NOK 1.00 per common share was approved. The last day the shares will be traded including the right to receive a dividend will be 27 April 2022. The first trading date ex-dividend will be 28 April 2022 and holders of common shares and ADRs on record at the close of business on 29 April 2022 will be entitled to the dividend. The date of payment of the dividend will be 6 May 2022 for holders of common shares and ADRs. Annuncio • Apr 07
Ørsted A/S (CPSE:ORSTED) acquired Scottish Floating Wind Development Project from Simply Blue Group and Subsea 7 S.A. (OB:SUBC). Ørsted A/S (CPSE:ORSTED) acquired Scottish Floating Wind Development Project from Simply Blue Group and Subsea 7 S.A. (OB:SUBC) on April 5, 2022. Green Giraffe (Ggeb) Gmbh acted as financial advisor to Simply Blue Group and Subsea 7 S.A. on the deal.
Ørsted A/S (CPSE:ORSTED) completed the acquisition of Scottish Floating Wind Development Project from Simply Blue Group and Subsea 7 S.A. (OB:SUBC) on April 5, 2022. Annuncio • Apr 06
Subsea 7 S.A. to Report Q4, 2022 Results on Mar 02, 2023 Subsea 7 S.A. announced that they will report Q4, 2022 results on Mar 02, 2023 Annuncio • Aug 04
Subsea 7 S.A. (OB:SUBC) entered into an agreement to acquire 59.12% stake in NAUTILUS Floating Solutions, S.L. Subsea 7 S.A. (OB:SUBC) entered into an agreement to acquire 59.12% stake in NAUTILUS Floating Solutions, S.L. on August 2, 2021. Tecnalia & Vicinay will remain shareholders of Nautilus with equity interests of 29.14% and 11.74% respectively. Subsea 7 will assume four of the seven positions on Nautilus’ Board of Directors. Annuncio • Apr 29
Subsea 7 S.A. Announces Earnings Guidance for the Year 2021 Subsea 7 S.A. announced earnings guidance for the year 2021. The company continues to expect that revenue in 2021 will exceed the prior year level. Annuncio • Apr 15
Subsea 7 S.A. Approves Special Dividend, Payable on 7 May 2021 Subsea 7 S.A. announced that at the AGM was held on 14 April 2021, the payment of a special dividend of NOK 2.00 per common share was approved. The last day the shares will be traded including the right to receive a dividend will be 28 April 2021 and holders of common shares and ADRs on record at the close of business on 30 April 2021 will be entitled to the dividend. The first trading date ex-dividend will be 29 April 2021. The date of payment of the dividend will be 7 May 2021 for holders of common shares and 14 May 2021 for holders of ADRs. Annuncio • Mar 13
Subsea 7 S.A. Wins A Sizeable Contract Subsea 7 S.A. announced the award of a sizeable contract. The contract will be recorded in the backlog of the Subsea and Conventional business unit in the first quarter. The scope of work includes engineering, project management and procurement. Engineering activities will commence immediately at Subsea 7’s office in Sutton, UK. Annuncio • Mar 12
Subsea 7 S.A. Announces Board Changes Subsea 7 S.A. announced thfollowing chananges to the membership of the Board of Directors, with new appointments being subject to approval at
the AGM on 14 April 2021: Ms Elisabeth Proust, currently Independent Director and member of both the Audit Committee and the Compensation Committee, will not be standing for re-election at the AGM. The Board of Directors proposes Mr. Eldar Sætre for election at the AGM as independent Non-Executive Director, with the appointment being effective from 1 June 2021. Annuncio • Mar 09
Subsea 7 S.A. to Report Q1, 2022 Results on Apr 28, 2022 Subsea 7 S.A. announced that they will report Q1, 2022 results on Apr 28, 2022 Annuncio • Jan 29
Subsea 7 S.A. Wins Sizeable Contract from Equinor for the Northern Lights Project Subsea 7 S.A. announced the award of a sizeable contract by Equinor for the Northern Lights project. Subsea 7’s scope includes engineering, fabrication and installation of a 100km CO2 pipeline that will run from Øygarden to the CO2 storage complex, as well as installation of umbilicals, tie-in and pre-commissioning activities. Project management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Fabrication of the pipelines will take place at Subsea 7’s spoolbase at Vigra, Norway and offshore operations will be executed in 2022 and 2023. The Northern Lights project is part of the Norwegian full-scale carbon capture and storage (CCS) project “Langskip” (Longship). The Northern Lights project comprises transportation, receipt and permanent storage of CO2 in a reservoir in the northern North Sea. The CO2 receiving terminal will be located in the municipality of Øygarden in Western Norway. Annuncio • Jan 24
Subsea 7 S.A. Announces Award of Contract Offshore Angola Subsea 7 S.A. announced the award of a substantial contract by Cabinda Gulf Oil Company Limited. The contract is for the Sanha Lean Gas Connection project comprising the construction and installation of the Lean Gas Platform system in Block-0 offshore Angola, at a water depth of approximately 70 meters. Project management and engineering will be performed from the company’s offices in Paris and Lisbon. Fabrication will take place at Sonamet’s yard in Lobito, Angola from 2021 to 2022, while offshore operations will occur from 2022 and 2023. The company defines a substantial contract as being between USD 150 million and USD 300 million. Annuncio • Jan 13
Subsea 7 S.A. Announces Allen Stevens, Non-Executive Director and Senior Independent Director, Passed Away on 10 January 2021 Subsea 7 S.A. announced with sympathy that Mr. Allen Stevens, Non-Executive Director and Senior Independent Director, passed away on 10 January 2021. Annuncio • Sep 21
Subsea 7 S.A.(OB:SUBC) dropped from FTSE All-World Index (USD) Subsea 7 S.A.(OB:SUBC) dropped from FTSE All-World Index (USD)