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Home » Finance » Subsea7 Sees Strong Growth in Renewables Business with 29% Revenue Increase
Finance

Subsea7 Sees Strong Growth in Renewables Business with 29% Revenue Increase

By Michael CarterMarch 21, 20252 Mins Read
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Subsea7’s renewables business unit reported a significant increase in earnings for 2024, with adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) rising to $185 million, up from $103 million the previous year. This resulted in an EBITDA margin of 15.0%, an increase from 10.7% in 2023. The company attributed the improved performance to a

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