Subsea7 reported growth in profitability in the second quarter of 2025 with an adjusted EBITDA margin of 20.5 percent. In offshore wind, Seaway Strashnov and Seaway Alfa Lift began work at Dogger Bank C in the UK to install 87 monopiles. Seaway Ventus started installation of 95 monopiles at the East Anglia Three project, also in the UK. At He Dreiht in Germany, Seaway Aimery and Seaway Moxie carried out cable installation.
Order intake during the period was 2.5 billion US dollars, equal to a book‑to‑bill ratio of 1.4. In the renewables market the company noted that near‑term momentum depends on the progress of the UK contracts for difference allocation round, but it sees offshore wind as a long‑term growth area. Revenue for the quarter was 1.8 billion US dollars and adjusted EBITDA was 360 million US dollars. The company expects revenue in 2025 to be between 6.8 and 7.2 billion US dollars and anticipates margins to exceed 20 percent in 2026.
