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Reach Subsea

Reach Subsea
PUBLIC STATUS
101-200 EMPLOYEES
REACH STOCK SYMBOL
$0.16 SHARE PRICE (As of Friday Closing)
Description

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. The company has two reportable segments namely Oil and Gas and Renewable and others. It generates maximum revenue from the Oil and Gas segment.

Ownership Status
Publicly Held
Financing Status
Corporate Backed or Acquired
Primary Industry
Marine
Other Industries
Other Commercial Services
Stock Exchange
OSL
Primary Office
  • Postboks 1393
  • 5507 Haugesund
  • Norway

+47 400 00 000
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Reach Subsea Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$0.15 - $0.29 $22.9M $0.16 -$0.01 40.7K 144M

Reach Subsea Financials Summary

In Thousands,
USD
TTM
30-Sep-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 50,450 53,082 39,070 29,564
Revenue 68,484 82,920 43,552 38,959
EBITDA 25,418 33,962 3,237 2,478
Net Income (1,995) (1,486) (3,720) (2,761)
Total Assets 57,381 56,740 47,392 34,541
Total Debt 23,528 17,073 7,814 9,859
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Reach Subsea Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Reach Subsea Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Reach Subsea Executive Team (4)

Name Title Board
Seat
Contact
Info
Jostein Alendal Chief Executive Officer
Birgitte Johansen Chief Financial Officer
Inge Grutle Chief Operating Officer
Bård Høgheim Chief Commercial Officer