Subsea 7 S.A. Announces Fourth Quarter and Full Year 2019 Results
(WorldNews Environment)

Subsea 7 S.A. Announces Fourth Quarter and Full Year 2019 Results Subsea 7 S.A. Announces Fourth Quarter and Full Year 2019 Results Luxembourg - 26 February 2020 - Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355) announced today results for the fourth quarter and full year which ended 31 December 2019. Unless otherwise stated the comparative period is the full year which ended 31 December 2018. Fourth Quarter and Full Year 2019 highlights * Adjusted EBITDA of $631 million and margin of 17% for the full year 2019, reflected good progress on certain projects but lower activity in Renewables and Heavy Lifting * Goodwill impairment charge of $100 million related to...