ROVworld Subsea Information

Acergy S.A. Announces Third Quarter Results
Date: Monday, October 19, 2009 @ 11:00:00 EDT
Topic: GENERAL NEWS


Acergy S.A. Announces Third Quarter ResultsAcergy S.A., has announced the results for the third quarter which ended on August 31, 2009.



Highlights

- Revenue from continuing operations was $558 million (Q3 2008: $639 million).

- Adjusted EBITDA(a) margin from continuing operations was 19.7% (Q3 2008: 25.4%).

- Income from continuing operations was $65 million (Q3 2008: $101 million).

- Strong cash and cash equivalents position of $807 million driven by good operational cashflow.

- New major contract awards:.

- $260 million four-year contract from Petrobras for use of the Polar Queen.

- $110 million contract offshore Angola for Total and BP.

- SapuraAcergy Joint Venture awarded $170 million contract offshore Australia by Apache, post quarter end.

 

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