Company Overview of JDR Cable Systems (Holdings) Ltd.
JDR Cable Systems (Holdings) Ltd. designs, manufactures, and delivers a range of subsea power cables, umbilical systems, and marine cables for oil and gas sector, offshore renewable industry, and seismic and defense markets in the United Kingdom and internationally. It offers subsea power and optical cables that link oil and gas production installations to the subsea infrastructures, such as wellheads and manifolds; seismic lead-in cables and airgun umbilicals for the subsurface exploration and subsea inspection industry; and subsea production umbilicals that are used to tieback subsea trees to fixed platforms, FPSO's, and land based facilities. The company also provides workover reeler/spoo...
20 Castle Terrace
Edinburgh, EHI 2EN
Founded in 1998
Key Executives for JDR Cable Systems (Holdings) Ltd.
Managing Director of Commercial
Technical Director of Umbilical Systems
Compensation as of Fiscal Year 2013.
JDR Cable Systems (Holdings) Ltd. Key Developments
Vision Capital Reportedly To Sell JDR Cable
May 3 13
Vision Capital LLP is believed to be put JDR Cable Systems, Ltd. up for sale at an asking price of between £200 million to £250 million. According to media reports said Vision had hired investment bank Lazard to run a sales process. Sources later confirmed this to Upstream. Neither JDR nor Vision Capital was available for comment to Upstream.
JDR Cable Systems (Holdings) Ltd. Announces Earnings Results for the Nine Months Ended September 2012; Provides Earnings Guidance for the Fiscal 2013; Announces Fiscal Year Changes
Nov 12 12
JDR Cable Systems (Holdings) Ltd. announced earnings results for the nine months ended September 2012. The company reported revenue of GBP 85.6 million, an increase of 75% from the equivalent period last year. Record EBITDA performance driven by higher revenue and productivity improvements. Strong cash flow generation and enhanced financial flexibility following repayment of all senior bank debt in 2011. These results were driven by strong demand across all of product lines, in particular demand for longer and larger subsea umbilical and power cables.
The company is confident that the group will continue to deliver strong results to December 31, 2012, and it expects that market conditions to remain favorable. The company is well positioned to deliver strong revenue and earnings growth from its diverse portfolio of products in 2013.
The company announced change in financial year-end to December 31, commencing in December 2012.
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