Reach Subsea ASA operates in the Oil and gas field services sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Reach Subsea ASA with three other
companies in this sector in NORWAY :
Petrolia SE
(2019
sales of 582.63 million Norwegian Kroner [US$68.25 million]
),
Seabird Exploration Ltd
(397.60 million Norwegian Kroner [US$46.58 million]
), and
Aqualisbraemar Loc ASA
(482.66 million Norwegian Kroner [US$56.54 million]
).
Sales Analysis.
Reach Subsea ASA reported sales of NOK 508.53 million (US$59.57 million)
for the
year ending
December of 2019.
This
represents
a
sharp
decrease of 24.7%
versus 2018, when the company's sales were NOK 675.27 million.
Contributing to the drop in overall sales was the 53.5% decline
in Renewable, from NOK 76.55 million to NOK 35.59 million.
There were also decreases in sales in
Oil&gas (down 21.0% to NOK 472.94 million)
.