Awarded USD 155m PLSV extension
Small hit on 2020-2021e EBITDA, but provide visibility for 2022e
Better than consensus’ expectations, which was at least one returned
Downside to street’s ’21-22e, our 24m fwd EV/EBITDA in-line with hist.
04 Sep 2020
PLSVs in Brazil given a new year (USD 155m)
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PLSVs in Brazil given a new year (USD 155m)
Subsea 7 S.A. Sponsored ADR (SOCA:FRA) | 0 0 0.0%
- Published:
04 Sep 2020 -
Author:
Sveinung Alvestad -
Pages:
6 -
Awarded USD 155m PLSV extension
Small hit on 2020-2021e EBITDA, but provide visibility for 2022e
Better than consensus’ expectations, which was at least one returned
Downside to street’s ’21-22e, our 24m fwd EV/EBITDA in-line with hist.