Q4 revenues improve 15% qoq, which only met the timid outlook provided in Q3, and margins are declining further as the company is having issues on a renewable project. Management commented that “2021 is certainly not yet a back-to-normal year” and did not provide any meaningful guidance, only that net debt is expected to rise with higher capex. The only bright spot is on the order intake with the award from Qatargas.
01 Mar 2021
Q4: operational difficulties in offshore wind
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Q4: operational difficulties in offshore wind
- Published:
01 Mar 2021 -
Author:
Kevin VO -
Pages:
3
Q4 revenues improve 15% qoq, which only met the timid outlook provided in Q3, and margins are declining further as the company is having issues on a renewable project. Management commented that “2021 is certainly not yet a back-to-normal year” and did not provide any meaningful guidance, only that net debt is expected to rise with higher capex. The only bright spot is on the order intake with the award from Qatargas.