Q2 2022 Reach Subsea ASA Earnings Call Transcript
Good morning, and welcome to this presentation of the second quarter and half year of 2022 for Reach Subsea ASA. I am Jostein Alendal, the CEO of the company; and later you will meet our CFO, Birgitte Wendelbo Johansen.
The second-quarter and half-year report was released earlier this morning together with the presentation material for this webcast. (Conference Instructions)
As you know, Reach has evolved a lot during the last six to nine months, and we will continue also to develop in the years to come. I'll come back to that a bit later, but let's have a look at the highlights for the second quarter and half year on slide number 3.
It is a pleasure to report strong results for Reach Subsea in the second quarter of 2022. And not only strong, I should say, it is record strong. With revenues doubling and EBIT almost tripling compared to same quarter last year, we clearly demonstrate the strength of our business model in a positive market environment. We now see the benefit of our efforts to fill more vessel capacity, and in the second
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
