Subsea 7 has reported stronger than expected second quarter figures but its market outlook has been diluted.
The Oslo-listed company posted net income of $146m, an improvement of $10m compared to the same stage of 2016.
Jean Cahuzac, chief executive of Subsea 7, said: “We have made significant progress on our strategy to grow and strengthen our business.
“Our good execution and continued focus on cost efficiency have driven another quarter of excellent results.
