17 July 2024 - trading update
The leading provider of subsea solutions has issued a trading update for the six month period to 30 June which has proved somewhat disappointing. Revenues for the period are expected to have been around £99m, which is an increase of 23% on the figure reported last year, although it is down 6% on a pro-forma basis which assumes that the acquisition of Seatronics and J2 Subsea last November were also included in last year's figure. The revenues reported are less than originally expected and it is particularly surprising that this is the case . . .
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