Subsea 7 SA 2023 AR2
The report highlights Subsea7's solid operational and financial performance in 2023, with revenue increasing 16% to $6.0 billion and Adjusted EBITDA rising 28% to $714 million. The company achieved a record backlog of $10.6 billion, driven by strong demand in both subsea oil and gas and offshore wind sectors. Key strategic milestones included acquiring a 10% stake in the OneSubsea joint venture and fully integrating Seaway7. On sustainability, Subsea7 progressed its net-zero journey, prepared for the EU's Corporate Sustainability Reporting Directive, and supported the installation of 1.4GW of renewable energy capacity.
Company: Subsea 7 SA
Sector: Mining & quarrying
Country: Luxembourg
Year: 2023
Type: AR2
Pages: 176
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Subsea 7 SA
Annual Report
The report highlights Subsea7's solid operational and financial performance in 2023, with revenue increasing 16% to $6.0 billion and Adjusted EBITDA rising 28% to $714 million. The company achieved a record backlog of $10.6 billion, driven by strong demand in both subsea oil and gas and offshore wind sectors. Key strategic milestones included acquiring a 10% stake in the OneSubsea joint venture and fully integrating Seaway7. On sustainability, Subsea7 progressed its net-zero journey, prepared for the EU's Corporate Sustainability Reporting Directive, and supported the installation of 1.4GW of renewable energy capacity.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women in Management
Net Zero Target
Employees