Added to YB: 2025-08-28
Pitch date: 2025-08-26
REACH.OL [neutral]
Reach Subsea ASA
-15.47%
current return
Author Info
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Company Info
Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other.
Market Cap
NOK 2.7B
Pitch Price
NOK 7.50
Price Target
N/A
Dividend
5.52%
EV/EBITDA
2.93
P/E
10.84
EV/Sales
1.31
Sector
Energy Equipment and Services
Category
value
Reach Subsea - $REACH.OL Q2 2025 Update (eng)
REACH.OL (earnings update): Q2 revenue NOK 684m (+10% YoY), EBIT NOK 91m (-25% YoY). Backlog down 28% to NOK 1.15bn but mgmt says frame agreements hide true demand. Fleet utilization weak at 77% vs target 90%. Reach Remote 1 commercialized, Remote 2 deployed to Australia for Woodside. EV/EBITDA ~6x, 5% dividend yield.
Read full article (4 min)