Subsea 7 SA (FRA:SOC)

€ 15.23 0.2 (1.33%) Market Cap: 4.52 Bil Enterprise Value: 5.48 Bil PE Ratio: 48.83 PB Ratio: 1.18 GF Score: 82/100

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€4.94 (+8.98%)

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Q1 2020 Subsea 7 SA Earnings Call Transcript

Apr 30, 2020 / 11:00AM GMT

Release Date Price: €4.94 (+8.98%)

Transcript

Operator

Hello, and welcome to the Subsea 7 first quarter 2020 results. (Operator Instructions) Just to remind you, this conference is being recorded.

Today, I'm pleased to present John Evans, CEO; Ricardo Rosa, CFO; and Katherine Tonks for Investor Relations. Please begin your meeting.

Katherine Tonks

Subsea 7 S.A. - Head of IR

Welcome, everyone. With me on the call today are John Evans, our CEO; and Ricardo Rosa, our CFO. The Q1 press release is available to download on our website along with the presentation that we'll be referring to on today's call.

And turning to Slide 2. As a reminder, this call includes forward-looking statements that reflect our current views and are subject to risks, uncertainties and assumptions. Similar wording is also included in our press release.

I'll now turn the call over to John.

John Evans

Subsea 7 S.A. - CEO

Thank you, and good afternoon, everyone. I'd like to start by reflecting on how the first quarter has unfolded and how dramatically our industry has

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