Brief: Reach Subsea Q1 EBIT Swings To Loss NOK 38 Mln

Reach Subsea ASA

06/05/2022 06:38

May 6 (Reuters) - Reach Subsea ASA  REACH.OL :
    * REACH SUBSEA ASA: FIRST QUARTER 2022 FINANCIAL RESULTS
    * Q1 EBIT DECLINED FROM NOK 12 MILLION IN Q1 2021 TO
NEGATIVE NOK
38 MILLION IN Q1 2022
    * Q1 REVENUES WERE NOK 129 MILLION
    * Q1 WAS ONE OF THE MOST EVENTFUL AND BUSY IN REACH SUBSEA'S
HISTORY. WITH ACQUISITION OF ISURVEY, INTEGRATION OF OCTIO AND
MONVIRO
    * Q1 2022 REVENUE INCREASED 26% TO NOK 129 MILLION (NOK 102
MILLION)

Source text for Eikon:  ID:nObiG4pMna 
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