Last 3.40 NOK
Change Today 0.00 / 0.00%
Volume 23.7K
REACH On Other Exchanges
Symbol
Exchange
As of 10:25 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

reach subsea asa (REACH) Snapshot

Open
3.74 NOK
Previous Close
3.40 NOK
Day High
3.75 NOK
Day Low
3.40 NOK
52 Week High
07/7/14 - 4.99 NOK
52 Week Low
03/18/14 - 2.74 NOK
Market Cap
259.2M
Average Volume 10 Days
48.6K
EPS TTM
-0.02 NOK
Shares Outstanding
76.2M
EX-Date
05/19/06
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for REACH SUBSEA ASA (REACH)

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reach subsea asa (REACH) Details

Reach Subsea ASA, an integrated offshore service company, provides subsea services in Norway. It offers construction and installation; inspection, maintenance, and repair; survey and pipeline inspection; and decommissioning services to the oil industry. The company operates construction and multi purposes support vessels with remotely operated vehicles (ROV); and surveyor, a survey ROV for high speed acoustic pipeline survey. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was founded in 2008 and is headquartered in Haugesund, Norway.

45 Employees
Last Reported Date: 05/26/14
Founded in 2008

reach subsea asa (REACH) Top Compensated Officers

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Executives, Board Directors

reach subsea asa (REACH) Key Developments

Reach Subsea ASA Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Reach Subsea ASA announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. In the second quarter the company achieved a total revenue of NOK 77.183 million against NOK 1,542,000 a year ago and an EBITDA of NOK 10.9 million increased 14.1% from loss of NOK 5,665,000 last year. Profit after tax was NOK 6.9 million for the quarter against loss of NOK 5,096,000 a year ago. Diluted earnings per share was NOK 0.09 against loss of NOK 0.07 a year ago. EBIT was NOK 7,506,000 against LBIT of NOK 5,665,000 a year ago. Net cash flow from operating activities was NOK 4,343,000 against net cash used in operating activities of NOK 4,327,000 a year ago. Purchase of fixed assets was NOK 9,790,000. For the six months, operating income was NOK 125,064,000, EBITDA was NOK 17,739,000, EBIT was NOK 11,483,000, profit before tax was NOK 10,753,000 and total comprehensive income was NOK 10,753,000 or NOK 0.14 per diluted share against operating income of NOK 2,729, 000, LBITDA of NOK 8,513,000, LBIT of NOK 8,513,000, loss before tax of NOK 7,703,000 and total comprehensive loss of NOK 7,703,000 or NOK 0.10 per diluted share for the same period a year ago.

Reach Subsea ASA, Q1 2014 Earnings Call, May 27, 2014

Reach Subsea ASA, Q1 2014 Earnings Call, May 27, 2014

Reach Subsea ASA Announces Unaudited Consolidated Earnings Results for the First Ended March 31, 2014

Reach Subsea ASA announced unaudited consolidated earnings results for the first ended March 31, 2014. For the quarter, the company reported total income from operations was NOK 47,920,000, EBITDA was NOK 6,850,000, EBIT was NOK 3,977,000, profit before taxes was NOK 3,819,000 and profit after tax was NOK 3,819,000 or diluted loss per share was NOK 0.05 against total income from operations of NOK 1,187,000, LBITDA of NOK 2,829,000, LBIT of NOK 2,829,000, loss before taxes of NOK 2,590,000 and loss of NOK 2,590,000 or diluted loss per share was NOK 0.26. Net cash flow from operating activities was NOK 1,582,000 against net cash outflow from operating activities of NOK 8,154,000 a year ago. Purchase of fixed assets was NOK 9,739,000. The increase in turnover was due to the growth and start-up of offshore operations.

 

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REACH

Industry Average

Valuation REACH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x
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