OB:SEA1Energy Services
Sea1 Offshore (OB:SEA1) Stock Revenue Growth Meets A Margin Squeeze
Sea1 Offshore stock closed at NOK29.5 on Friday, sitting on a solid run over the past month, yet the real story is not the share price. The tension in this quarter sits in the margin picture. Investors who bought into Sea1 as a high margin cash machine now have to square that view with earnings that show profit per dollar of revenue coming under pressure.
The headline this time is simple. Revenue held up at US$80.1m and earnings before interest, tax, depreciation and amortisation stayed...