Subsea 7 presents significantly lower quarterly profit

Luxembourg-based installation carrier Subsea 7 delivered a profit in the past quarter, though a significantly smaller one than last year. A major efficiency plan aims to turn this development around.

Photo: Subsea 7

As an important player in the offshore industry in a region such as the North Sea, it comes as no surprise that Luxembourg-based installation carrier Subsea 7 finished the latest quarter with a poorer result than last year when the oil price was still above USD 100.

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