Reach Subsea ASA (LTS:0EMB)

Q2 2025 Reach Subsea ASA Earnings Call Transcript

Aug 26, 2025 / 07:30 AM GMT

Release Date Price: kr7.6 (-7.65%)

Transcript

Key Points

Positve

Reach Subsea ASA (FRA:4RS) achieved an all-time high in half-year results for 2025, despite a weaker second quarter.
The company has a strong and flexible fleet structure, allowing for adaptability to market changes with options to replace or reduce vessels.
Reach Subsea ASA (FRA:4RS) has successfully integrated new technology, such as Reach Remote 1 and 2, which enhances operational efficiency and cost-effectiveness.
The company has a diversified revenue mix, with significant contributions from both the oil and gas sector and renewable energy projects.
Reach Subsea ASA (FRA:4RS) has demonstrated strong expertise in subsea monitoring, with a significant market share in Norway's gas production monitoring.

Negative

The second quarter results were weaker than the previous year, primarily due to lower asset utilization and idle periods for some vessels.
The company's order backlog has decreased for four consecutive quarters, indicating potential market hesitancy or increased competition.
There were two lost time injuries (LTIs) reported in the quarter, although the affected employees have fully recovered.
Cash flow in the first half of 2025 was heavily impacted by investments, leading to increased debt levels.
The company faces challenges from ongoing geopolitical turbulence, which has led to postponed activities and decisions in the market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

REACH.OL - Reach Subsea ASA
Q2 2025 Reach Subsea ASA Earnings Call
Aug 26, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to our 2nd quarter 2025 webcast for each CAA.

Our report and presentation were released this morning. I am Eusan Oor, CEO, and I'm here with our CFO Beit Deboohansson.

I will start with the key highlights and some of the achievements from the quarter and additionally, I will show how we are positioned for both navigating in a dynamic market as well as growth.

Also an update on our reach remote progress.

Our financials more in details.

Please submit the questions via the webcast Playo. We will address them in the Q&A session after the presentation.

Our 2nd quarter results are weaker than last year and not up to our ambitions, of course, and this is mainly

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