Reach Subsea ASA (OSL:REACH)
kr 7.83 +0.030 (+0.38%) Market Cap: 2.56 Bil Enterprise Value: 3.66 Bil PE Ratio: 9.33 PB Ratio: 1.98 GF Score: 92/100
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Q1 2025 Reach Subsea ASA Earnings Call Transcript

May 8, 2025 / 07:30 AM GMT
Release Date Price: kr7.58 (+9.86%)

Key Points

Positve
  • Reach Subsea ASA (STU:4RS) reported a record quarter with a 22% increase in revenue and a 130% increase in EBIT compared to the same quarter last year.
  • The company has a solid backlog of 1.3 billion NOK, indicating strong future prospects.
  • The Reach Remote program has significantly reduced technical and operational risks, proving successful in pilot projects.
  • The company maintains a strong safety record with zero lost time incidents reported this quarter.
  • Reach Subsea ASA (STU:4RS) is strategically expanding its fleet with new vessels scheduled for delivery in 2026 and 2027, supporting long-term growth and transition to greener operations.
Negative
  • The order backlog is flat year-on-year, which may impact future revenue growth.
  • There is uncertainty regarding the sustainability of current high margins, as some project margins from Q4 slipped into Q1.
  • The company faces challenges in balancing cash and working capital with increasing debt due to ongoing investments.
  • Geopolitical and economic uncertainties pose risks to the offshore market, potentially affecting project opportunities.
  • The transition to remote operations requires careful management to ensure it remains attractive to both onshore and offshore employees.


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

REACH.OL - Reach Subsea ASA
Q1 2025 Reach Subsea ASA Earnings Call
May 08, 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 first quarter 2025 webcast for each of CASA.

Our report and presentation were released this morning and I am Euston Orlando, the CEO, and I'm here with our CFO Bergit Devendelbo Johansson.

I will start with the key highlights and achievements from the quarto.

And additionally, I will provide an update on the current status of the remote ongoing pilot program.

We will then cover our financials in details.

Please submit the questions. We are the webcast player, and we will address them in the Q&A session after the presentation.

We are continuing our steady progress and are very pleased to report another record quarter in terms of activity and
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