4SUBSEA AS

Front page - 4subsea

The differentiator we bring to the industry is a powerful trio: unparalleled subsea engineering expertise, cutting-edge sensors and solutions, and a wealth of knowledge in data analytics and digital twins. We are not just a company; we are technology believers with an ambition to transform the offshore industry.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: PE
Peter Erik Jenkins1973
Chairman of the board: ML
Marcelo Lopes Xavier1980
Years since formation: 17 years; since Oct 2, 2007
Type: Limited company
VAT registered: Yes
Number of employees: 124

Ownership

Number of shares and share classes: 3,889,094; 1 share class
Total number of shareholders: 2; 1 company, 1 person
Belongs to group of

Financials

Total operating income 2023: 272,952,968; NOK
Annual total result 2023: 14,414,588; NOK
Total equity 2023: 112,895,655; NOK

Last update: Oct 14, 2024

Management

Management / administration

Name	Role	Shares
PE Peter Erik Jenkins 1973	Managing Director/CEO	-

Board

Name	Role	Shares
SV Siw Victoria Stordahl 1976	Board Member	-
TS Thomas Sunde 1972	Board Member	-
HH Harald Holden 1972	Board Member	-
SP Stuart Peter Fitzgerald 1969	Board Member	-
IS Ivar Stange 1986	Alternate Member	-
ML Marcelo Lopes Xavier 1980	Chairman	-
MT Mona Tofte 1993	Board Member	-
KB Karina Bruun Mortensen 1980	Alternate Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
S STATEMENT AS	Accountant	-
A ACCOUNTOR AS	Accountant	-

Last update: Oct 10, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
SL Subsea 7 Itech Limited	Ordinary shares	3,844,441	98.85 %
4 4SUBSEA AS	Ordinary shares	44,653	1.15 %

Shares owned by the 4SUBSEA AS

Name	Share class	Number of shares	Share
4 4SUBSEA ASTORI AS	Ordinary shares	12,000	100 %
4 4SUBSEA AS	Ordinary shares	44,653	1.15 %

Last update: May 24, 2024

Group structure

4SUBSEA AS
Total operating income 2023: NOK 272,952,968
Operating profit 2023: NOK 12,567,964
Employees: 124

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	272,952,968	209,293,406	171,203,058
Annual Total Result	14,414,588	7,113,643	9,885,433
Total assets	233,964,416	151,992,153	138,246,313
Total liabilities	121,068,761	53,648,210	47,016,014
Total equity	112,895,655	98,343,943	91,230,300

P&L

Year	2023	2022	2021
Total operating income	272,952,968	209,293,406	171,203,058
Total operating costs	260,385,004	202,289,684	159,174,701
Operating result	12,567,964	7,003,722	12,028,357
Financial income/costs	3,935,834	1,811,923	-147,646
Profit before tax	16,503,798	8,815,645	11,880,712
Total tax & extraordinary income/cost	2,089,210	1,702,002	1,995,279
Annual Total Result	14,414,588	7,113,643	9,885,433

Balance overview

Year	2023	2022	2021
Total fixed assets	69,380,584	62,849,670	57,547,582
Total current assets	164,583,831	89,142,483	80,698,731
Total assets	233,964,416	151,992,153	138,246,313
Short term debt	121,068,761	53,648,210	47,016,014
Long term debt	0	0	0
Total liabilities	121,068,761	53,648,210	47,016,014
Contributed capital	28,387,102	28,249,978	28,249,978
Retained earnings	84,508,553	70,093,965	62,980,322
Total equity	112,895,655	98,343,943	91,230,300
Total equity and liabilities	233,964,415	151,992,153	138,246,313

4SUBSEA AS991 711 392

4SUBSEA AS

Keywords

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Organization

Ownership

Financials

Management

Management / administration

Board

Others

Ownership

Company shareholders

Shares owned by the 4SUBSEA AS

Group structure

Financials

Summary

P&L

Balance overview

Classification