Stock REACH REACH SUBSEA ASA
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Company Reach Subsea ASA

Equities

REACH

NO0003117202

Marine Freight & Logistics

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-05-24 am EDT 		5-day change 1st Jan Change
6.36 NOK +0.63% Intraday chart for Reach Subsea ASA +0.95% +41.33%
May. 08 Reach Subsea ASA Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
May. 08 Transcript : Reach Subsea ASA, Q1 2024 Earnings Call, May 08, 2024

Business Summary

Reach Subsea ASA, formerly Transit Invest ASA, is a Norway-based company with operations within the maritime sector. It offers subsea services as subcontractor directly to end customers. The Company’s business is based on Remotely Operated Underwater Vehicles (ROV) operated by offshore personnel and supported by onshore project management and engineering resources. Reach Subsea operates through two segments: the Oil & Gas segment, that is engaged in surveying, Inspection, Maintenance and Repair (IMR) and light construction projects for oil & gas companies while the Renewable/Other segment provides those services to non-oil & gas companies. The Company’s services include also geophysical monitoring services, environmental monitoring services as well as in-house engineering. Reach Subsea ASA has several subsidiaries, such as Reach Subsea AS, Connect Offshore AS and Reach International AS.

Number of employees: 360

Sales per Business

NOK in Million2022Weight2023Weight Delta
Oil & Gas
67.8 %
954 82.1 % 1,333 67.8 % +39.67%
Renewable / Other
32.2 %
208 17.9 % 634 32.2 % +203.99%

Sales per region

NOK in Million2022Weight2023Weight Delta
Ivory Coast
22.4 %
5 0.5 % 441 22.4 % +8,227.00%
Norway
21.0 %
388 33.4 % 412 21.0 % +6.23%
Netherlands
15.7 %
-- 309 15.7 % -
Brazil
12.4 %
-- 244 12.4 % -
United Kingdom
11.5 %
263 22.6 % 225 11.5 % -14.29%
France
6.5 %
21 1.8 % 128 6.5 % +493.71%
Singapore
2.7 %
29 2.5 % 54 2.7 % +82.68%
United States
1.7 %
157 13.5 % 34 1.7 % -78.54%
Egypt
1.6 %
114 9.8 % 31 1.6 % -72.46%
Australia
1.5 %
-- 29 1.5 % -
Germany
1.4 %
52 4.4 % 28 1.4 % -46.18%
Finland
1.1 %
-- 22 1.1 % -
Greece
0.3 %
8 0.7 % 5 0.3 % -36.88%
Sweden
0.2 %
78 6.7 % 3 0.2 % -95.57%
Denmark
0.1 %
1 0.1 % 1 0.1 % -16.58%
Trinidad and Tobago
0.0 %
40 3.4 % 0 0.0 % -99.76%
Saudi Arabia
0.0 %
-- 0 0.0 % -
Malta
0.0 %
2 0.2 % 0 0.0 % -99.71%

Managers

Managers TitleAgeSince
Jostein Alendal CEO
 Chief Executive Officer 58 14-10-31
Birgitte Wendelbo Johansen DFI
 Director of Finance/CFO - 12-11-30
Audun Brandtzæg CTO
 Chief Tech/Sci/R&D Officer - -
Inge Grutle COO
 Chief Operating Officer - 12-05-31
Jorunn Håvardsholm IRO
 Public Communications Contact - -
Kurt Hannisdal HRO
 Human Resources Officer - -
Bård Thuen Høgheim PRN
 Corporate Officer/Principal - -
Sven Magne Storesund PRN
 Corporate Officer/Principal - -
Rune Lande SEC
 Corporate Secretary 64 -

Members of the board

Members of the board TitleAgeSince
Anders Onarheim BRD
 Director/Board Member 65 11-12-31
Rachid Bendriss CHM
 Chairman 55 20-04-30
Rune Lande SEC
 Corporate Secretary 64 -
Martha Kold Bakkevig BRD
 Director/Board Member 62 20-04-30
Arvid Pettersen BRD
 Director/Board Member 67 22-05-31
Espen Gjerde BRD
 Director/Board Member 43 22-05-31
Ingunn Øvereng Iveland BRD
 Director/Board Member 53 18-12-31
Kristine Skeie BRD
 Director/Board Member 50 17-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 271,769,245 86,845,787 ( 31.96 %) 0 31.96 %

Shareholders

NameEquities%Valuation
WILH. WILHELMSEN HOLDING ASA
19.18 %
52,136,636 19.18 % 29 M kr
NORTH ENERGY ASA
18.70 %
50,832,449 18.70 % 29 M kr
Survey Holding AS
10.71 %
29,116,897 10.71 % 16 M kr
Sober AS
4.034 %
10,963,446 4.034 % 6 M kr
Holme Holding AS
2.440 %
6,631,000 2.440 % 4 M kr
Jt Invest AS
2.112 %
5,739,539 2.112 % 3 M kr
SOLSTAD OFFSHORE ASA
1.840 %
5,000,000 1.840 % 3 M kr
Lion Invest AS
1.387 %
3,769,928 1.387 % 2 M kr
Danske Invest Asset Management AS
1.151 %
3,127,815 1.151 % 2 M kr
Altea AS
1.022 %
2,777,550 1.022 % 2 M kr

Company contact information

Reach Subsea ASA

Møllervegen 6

5525, Haugesund

+47 40 00 77 10

http://www.reachsubsea.com
address Reach Subsea ASA(REACH)

Sector

Industrials
Transportation
Freight & Logistics Services
Marine Freight & Logistics
Other Marine Freight & Logistics

Sales per Business

Sales per region

Ratings for Reach Subsea ASA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.6017 USD
Average target price
0.642 USD
Spread / Average Target
+6.70%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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