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Reach Subsea — Investor Relations & Filings

Ticker · REACH ISIN · NO0003117202 LEI · 5967007LIEEXZXK7FS45 OL Mining and quarrying
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Filings indexed 980 across all filing types
Latest filing 2020-10-15 Earnings Release
Country NO Norway
Listing OL REACH

About Reach Subsea

https://reachsubsea.no/

Reach Subsea is an offshore contractor that provides subsea services, ocean data, and engineering solutions. The company specializes in survey, monitoring, and inspection, repair, and maintenance (IRMR) services for clients primarily in the energy and offshore sectors. It operates a fleet of remotely operated vehicles (ROVs) and is a pioneer in uncrewed surface vessels (USVs) through its Reach Remote program, which enables remote subsea operations. Key services include support for the full life cycle of offshore cables, pipeline inspections, site surveys, and advanced reservoir monitoring using proprietary technologies. Reach Subsea focuses on delivering integrated, turn-key solutions for complex underwater projects, leveraging advanced technology to enhance data acquisition and operational efficiency.

Recent filings

Filing Released Lang Actions
Operational figures
Earnings Release Classification · 99% confidence The document presents tabular data comparing operational metrics (like 'Number of ROV days sold', 'Technical uptime on ROVs', 'Number of Vessel days sold') across different periods (Q1, Q2, Q3, Year to date) for 2019 and 2020. It explicitly states that 'Reach Subsea ASA releases monthly operating figures on or before the 15th day following a month end.' This strongly indicates the document is a regular, periodic release of operational statistics, which aligns best with the 'Interim / Quarterly Report' (IR) category if it covers a period shorter than a year, or potentially an Earnings Release (ER) if it's just the operational highlights preceding the full financials. Given the detailed operational focus and the monthly release cadence mentioned, it is a key component of interim reporting. Since it is a release of figures rather than a full comprehensive report (like a 10-K or a full IR), and it focuses on operational data, it fits the spirit of an Interim Report (IR) or potentially an Earnings Release (ER). However, since it is a structured release of operational data, and not explicitly an 'Earnings Release' (which usually contains P&L/Balance Sheet highlights), 'Interim / Quarterly Report' (IR) is the most appropriate fit for periodic operational updates. Given the very short length (1903 chars) and the nature of the content (raw operational data release), it could also be argued as a Regulatory Filing (RNS) if it's just a notification that these figures are available, but the content itself is the operational data, making IR a better fit for the *type* of information being conveyed, assuming it's the core content of the filing. 9M 2020
2020-10-15 English
Operational figures
Report Publication Announcement Classification · 98% confidence The document is extremely short (387 characters) and explicitly states that the company, Reach Subsea ASA, is releasing its 'monthly operating figures for September 2020' and that these figures are 'attached'. This structure—a brief announcement stating that a report/data is attached or published—fits the definition of a Report Publication Announcement (RPA) rather than the detailed report itself. It is not a standard regulatory filing like 10-K or IR, but rather an announcement about the release of operational data.
2020-10-15 English
Operational figures
Earnings Release Classification · 99% confidence The document presents key operational figures (ROV days sold, vessel days sold, uptime, LTIs) broken down by month (Q1, Q2, July, August) and year-to-date comparisons for 2019 and 2020. It explicitly states that 'Reach Subsea ASA releases monthly operating figures on or before the 15th day following a month end.' This structure strongly indicates a regular, periodic operational update, which aligns best with an Interim/Quarterly Report (IR) if it were comprehensive, or potentially an Earnings Release (ER) if it were just highlights. However, since it is a release of *monthly operating figures* outside of the standard quarterly report cycle, and it is not a formal financial statement, it fits the pattern of a regular operational update. Given the options, and the focus on operational metrics rather than comprehensive financial statements (like a 10-K or IR), this is most closely related to the type of information often included in an Earnings Release (ER) or a specialized operational update. Since 'ER' is defined as the 'Initial announcement of quarterly/periodical financial results (key highlights only)', and this is a release of operational highlights, ER is the most appropriate fit among the choices for a periodic, non-comprehensive update. If a specific 'Operational Update' code existed, that would be better, but ER serves as the closest proxy for periodic performance highlights. Q2 2020
2020-09-15 English
Operational figures
Report Publication Announcement Classification · 98% confidence The document text is very short (384 characters) and explicitly states that the company, Reach Subsea ASA, 'releases monthly operating figures' and that the figures for August 2020 are 'attached'. This structure—a brief announcement stating that a report/data is attached or released—fits the definition of a Report Publication Announcement (RPA) rather than the detailed report itself. Since 'Operational figures' are being released monthly, and RPA covers the announcement of report publication, RPA is the most appropriate code, adhering to the 'MENU VS MEAL' rule.
2020-09-15 English
REVISED CHARTER AGREEMENT FOR TOPAZ TIAMAT
Capital/Financing Update Classification · 99% confidence The document announces a 'REVISED CHARTER AGREEMENT' for a vessel, detailing changes to operational terms, accounting implications (IFRS 16 adjustments, asset reduction, one-off gain), and the sale of associated equipment (LARS). This is a specific corporate action related to financing, assets, and operational structure, but it is not a standard regulatory filing like 10-K, ER, or IR. It describes a significant change in capital/financing structure related to asset utilization and lease liabilities. Among the provided codes, 'Capital/Financing Update' (CAP) is the most appropriate fit as it involves changes to asset base and lease liabilities, which directly impacts the capital structure and financial position, even though it's framed as a charter revision. It is not a general regulatory filing (RNS) because it is highly specific to financing/asset management.
2020-09-09 English
Record high results for 2nd quarter 2020
Interim / Quarterly Report Classification · 100% confidence The document is a 'Quarterly Consolidated Report' for Reach Subsea for the 2nd Quarter of 2020. It contains detailed financial statements, operational highlights, management discussion and analysis, and notes to the accounts. It is a comprehensive financial report for a period shorter than a full fiscal year, fitting the definition of an Interim/Quarterly Report (IR). Q2 2020
2020-08-25 English

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