Brief: Reach Subsea Q1 EBITDA Up At NOK 25.3 MILLION

Reach Subsea ASA

27/05/2020 06:55

May 27 (Reuters) - Reach Subsea ASA  REACH.OL :
    * REACH SUBSEA ASA 1Q2020 REPORT
    * Q1 REVENUE NOK 78.8 MILLION VERSUS NOK 67.4 MILLION YEAR AGO
    * 1Q 2020 EBITDA WAS NOK 25.3 MILLION COMPARED WITH NOK 13.5 MILL IN 1Q2019
    * Q1 PRE-TAX LOSS NOK 31.8 MLN VS LOSS NOK 19.1 MLN YR AGO 
    * LIMITED PRELIMINARY EFFECTS OF COVID-19, BUT OUTLOOK BEYOND 3Q2020 HAS BECOME MORE
UNCERTAIN

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