Subsea 7 S.A./Nkr SUBC

1D1W1MYTD1Y5YMAX

About Subsea 7 S.A.

Subsea 7 S.A. is a global leader in the delivery of offshore projects and services for the energy industry. The company primarily operates in the engineering, construction, and services sector, focusing on the offshore oil and gas industry. Its offerings include the design and installation of complex offshore projects, including pipelines and flexible risers, as well as the provision of life-of-field services. Founded in 2011 following a merger between Acergy S.A. and Subsea 7 Inc., it is headquartered in Luxembourg and operates globally with a presence in key regions such as the North Sea, Brazil, and the Gulf of Mexico. Subsea 7's strategic positioning is strengthened by its capabilities in project management and engineering, and its competitive focus on integrated project methodologies and technological innovation.
Ticker
Nkr SUBC
Sector
Energy
Primary listing
XOSL
Employees
13,667
Headquarters
Luxembourg, Luxembourg
Website
www.subsea7.com

Subsea 7 S.A. Metrics

BasicAdvanced
kr 95B
16.67
kr 19.40
0.60
kr 19.50
4.02%

Bulls say / Bears say

Adjusted EBITDA jumped 31 percent year-on-year to $471 million in Q2 2026, lifting the margin to 24 percent and prompting management to raise its full-year EBITDA margin guidance from 23 percent to 24 percent (TradingView, Transcript)
Order intake reached $2.1 billion in Q2, delivering a book-to-bill ratio of 1.1 times and driving the total backlog to a record $13.6 billion, underpinned by a robust $20 billion tender pipeline (Transcript)
The award of a substantial contract by Vår Energi for the Goliat Gas Export project in the Barents Sea highlights Subsea 7’s competitive positioning and execution capability in its core offshore Norway market (Stockopedia)
Renewables backlog has remained flat at approximately $2 billion since early 2023, underscoring limited diversification and exposing Subsea 7 to a prolonged offshore wind market lull that management expects to persist into late 2026 (Subsea 7 Q1 Presentation, Transcript)
Management forecasts a $200 million unwind of working capital in the second half of 2026, which could strain free cash flow and liquidity despite strong first-half operating cash generation (Transcript)
Completion of the proposed merger with Saipem remains subject to regulatory approvals outside the U.S., notably in the EU and Turkey, introducing potential delays or conditions that could impair the transaction’s synergies (Reuters, Reuters)
Data summarised monthly by Lightyear AI. Last updated on 24 Aug 2026.

Funds containing Subsea 7 S.A.

AllEURGBPUSD
Funds
Fund name
Fund size
Nkr SUBC weighting
iShares STOXX Europe 600 Oil & Gas€EXH1
€588M0.78%
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.49%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.49%
iShares STOXX Europe Mid 200€EXSD
€610M0.43%
iShares MSCI World Small Cap$WSML
$9B0.07%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.