Reach Subsea ASA (FRA:4RS)
€ 0.774 -0.02 (-2.52%) Market Cap: 208.08 Mil Enterprise Value: 341.28 Mil PE Ratio: 12.10 PB Ratio: 2.79 GF Score: 76/100

Q3 2023 Reach Subsea ASA Earnings Call Transcript

Nov 07, 2023 / 08:30AM GMT
Release Date Price: €0.368 (+7.92%)
Jostein Alendal
Reach Subsea ASA - CEO

Good morning, welcome all to our presentation of the results for the third quarter of 2023 for Reach Subsea ASA. Our report and presentation were released earlier this morning, and I hope you have had the time to take a look at it. I am Jostein Alendal, CEO of Reach Subsea, and with me is CFO, Birgitte Wendelbo Johansen, [later] will present the financials shortly.

The third quarter of 2023 was another record-breaking quarter for us, and we have no experience with this revenue growth for nine straight quarters. On a rolling 12-month basis, our revenue now stands at NOK1.85 billion. And over the past two years, we have nearly tripled our revenue on this same basis. It is good to deliver on our strategy and ambitions and I do believe our results also this quarter validate our steady progress. So it is our pleasure for Birgitte, and myself on behalf of the whole team to present this report.

We value your insight and questions. So please feel free to submit your questions through the webcast player and we will provide answers during our Q&A

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