Subsea 7 SA Recommends Special Dividend; Issues FY 2013 Financial Guidance in Line with Analysts' Estimates


Thursday, 14 Mar 2013 03:00am EDT 

Subsea 7 SA announced that its Board of Directors has recommended that shareholders approve the payment of a special dividend of USD 0.60 per share at the next Annual General Meeting on June 28, 2013. The Company also announced that it expects fiscal year 2013 revenue and adjusted EBITDA to show some progress although higher depreciation, finance costs and effective tax rate will negatively impact earnings per share. The Company reported fiscal year 2012 revenue of USD 6,297 million and fiscal year 2012 adjusted EBITDA of USD 1,139 million, as well as fiscal year 2012 earnings per share (EPS) of USD 2.23. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of USD 6,787.45 million and fiscal year 2013 EBITDA of USD 1,281,64 million, as well as fiscal year 2013 EPS of USD 1.65. 

Company Quote

10.84
0.02 +0.18%
19 Dec 2014