Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Alternext  >  Dietswell    ALDIE   FR0010377127

DIETSWELL

(ALDIE)
  Report
Delayed Quote. Delayed Euronext Alternext - 06/03 11:35:13 am
0.808 EUR   +2.28%
05/28FY19 : revenues decline, positive environment in renewables (Dietswell)
AL
05/28DIETSWELL : 2019 Results
PU
05/27DIETSWELL : 2019 Results
AN
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Dietswell : Collaboration to bring floater on the international stage

share with twitter share with LinkedIn share with facebook
share via e-mail
04/06/2020 | 03:36am EDT

Collaboration to bring floater on the international stage
SIGNIFICANT NEWS

Dolfines/Dietswell has signed a Memorandum of Understanding with CIMC Raffles. This collaboration is a positive development, and, as we have argued in the past, was a necessary step for the commercialisation of the floater. CIMC Raffles is a Chinese company with a global presence, which should help to commercialise the floater internationally.


FACT

Dolfines and CIMC Raffles sign a Memorandum of Understanding in floating wind activities.


IMPACT

The main takeaway is that Dolfines/Dietswell gains a lot of leverage by collaborating with an international group with manufacturing capabilities.

CIMC Raffles is the offshore engineering subsidiary of the China International Marine Containers group (CIMC), owned by the China Merchant Group and Cosco Shipping. CIMC Raffles is an EPC (Engineering Procurement Construction) company with shipyards and has been working on oil & gas projects such as semi-submersible drilling platforms and jack-up platforms. It is therefore a group specialised in oil & gas and branching out into the, more dynamic, renewables space.

Lastly, the two companies are like-minded operators that share a background in offshore oil & gas, which is positive and should make the collaboration easier. CIMC has an international and diverse reach and has been contracted by oil majors such as BP and Petrobras. We believe the latter (oil companies) are the first potential customers for CIMC/Dolfines, which was confirmed by the marketing director of CIMC Raffles on the press release, with the group looking to “accompany O&G majors towards a carbon neutral future, securing profitable offshore production by giving O&G infrastructure a second life”.

Stocks mentioned in the article
ChangeLast1st jan.
DIETSWELL 2.28% 0.808 Real-time Quote.-7.71%
SPACE CO.,LTD. 0.40% 1013 End-of-day quote.-20.67%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DIETSWELL
05/28FY19 : revenues decline, positive environment in renewables (Dietswell)
AL
05/28DIETSWELL : 2019 Results
PU
05/27DIETSWELL : 2019 Results
AN
05/14DIETSWELL : DOLFINES, a wholly owned subsidiary of DIETSWELL, laureate of MARINE..
PU
04/22DIETSWELL : Postponement of results 2019
PU
04/14DIETSWELL : EPS cut (2019: from € -0.12 to -0.15, 2020: from € -0.07 to -0.32)
AL
04/06DIETSWELL : Collaboration to bring floater on the international stage
AL
03/16DIETSWELL : definitively affirms the energetic transition in its business model
PU
03/12DIETSWELL : Name change to highlight strategic shift
AL
01/24DIETSWELL : Target cut by -18.7%
AL
More news
Financials
Sales 2019 6,84 M 7,69 M 7,69 M
Net income 2019 -2,66 M -2,99 M -2,99 M
Net Debt 2019 1,06 M 1,19 M 1,19 M
P/E ratio 2019 -
Yield 2019 -
Capitalization 5,86 M 6,55 M 6,58 M
EV / Sales 2018 0,67x
EV / Sales 2019 0,96x
Nbr of Employees 37
Free-Float 99,0%
Chart DIETSWELL
Duration : Period :
Dietswell Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DIETSWELL
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Managers
NameTitle
Jean-Claude Bourdon Chief Executive Officer
Fabian Simonet Chief Financial Officer
Jean-Marie Pierrot Deseilligny Director
Dominique Michel Vice President
Nicolas Chevalier Manager-Business Development
Sector and Competitors
1st jan.Capitalization (M$)
DIETSWELL-7.71%7
WORLEY LIMITED-38.99%3 225
OFFSHORE OIL ENGINEERING CO. LTD-35.50%2 939
SUBSEA 7 S.A.-43.02%1 861
TGS-NOPEC GEOPHYSICAL COMPANY-45.69%1 776
SERBA DINAMIK HOLDINGS-20.91%1 326