Q4 adjusted revenues came in at €244m (-28% yoy, -6% qoq), below consensus expectations but broadly in line with our estimates. Outlook 2017: gradual recovery in maintenance operations. Higher utilisation rates in Subsea and Crewboats, while Deep and Shallow water should continue to suffer during the first quarters of 2017.
09 Feb 2017
Maintenance to give some support to Subsea and Crewboats
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Maintenance to give some support to Subsea and Crewboats
Q4 adjusted revenues came in at €244m (-28% yoy, -6% qoq), below consensus expectations but broadly in line with our estimates. Outlook 2017: gradual recovery in maintenance operations. Higher utilisation rates in Subsea and Crewboats, while Deep and Shallow water should continue to suffer during the first quarters of 2017.