Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  SBM Offshore N.V    SBMO   NL0000360618

SBM OFFSHORE N.V

(SBMO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

SBM Offshore lifts guidance on better-than-expected turnkey performance

share with twitter share with LinkedIn share with facebook
11/14/2019 | 02:02am EDT

Dutch oil and gas services firm SBM Offshore on Thursday raised its full-year core profit and revenue outlook on better-than-expected performance in its turnkey division.

For 2019, SBM Offshore now expects earnings before interest, tax, depreciation and amortisation (EBITDA) of about $800 million (£625 million) on revenues of around $2.1 billion, an increase from prior forecasts of above $750 million and above $2 billion respectively.

"We increased our EBITDA guidance for the full year based on better-than-expected results in turnkey and solid performance in lease and operate," said Bruno Chabas, CEO of SBM Offshore, in a statement.

The turnkey division builds and sells floating production and storage vessels to oil and gas firms while SBM's lease and operate division runs and leases the vessels, which get later sold to customers after an initial lease period.

Turnkey year-to-date revenue almost doubled to $498 million while the lease and operate segment fell 1% to $972 million but was in line with the company's historical average of 99% uptime, SBM said.

SBM Offshore generated a total revenue of $1.47 billion over the first three quarters of 2019, an increase of 18% year-on-year.

(Reported by Camille Raynaud; Editing by Shailesh Kuber & Shri Navaratnam)


Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.47% 42.22 Delayed Quote.-34.86%
SBM OFFSHORE N.V -0.70% 14.795 Delayed Quote.-10.82%
WTI -0.40% 40.701 Delayed Quote.-33.28%
share with twitter share with LinkedIn share with facebook
All news about SBM OFFSHORE N.V
10/14SBM OFFSHORE N : Our experts talk shop at industry events – listen in
PU
10/08Former Unaoil executive sentenced over $1.7 billion Iraq bribery plot
RE
10/01SBM OFFSHORE N : awarded contracts for ExxonMobil FPSO Prosperity
AQ
10/01SBM OFFSHORE N : awarded contracts for ExxonMobil FPSO Prosperity
AQ
10/01SBM Offshore awarded contracts for ExxonMobil FPSO Prosperity
GL
09/16PETROBRAS : on contracting the sixth FPSO of Buzios
AQ
09/15SBM OFFSHORE N : confirms contract negotiation for Petrobras FPSO
PU
09/15SBM OFFSHORE N : confirms contract negotiation for Petrobras FPSO
AQ
09/15SBM Offshore confirms contract negotiation for Petrobras FPSO
GL
09/15SBM OFFSHORE N : confirms contract negotiation for Petrobras FPSO
AQ
More news
Financials (USD)
Sales 2020 2 339 M - -
Net income 2020 75,0 M - -
Net Debt 2020 4 169 M - -
P/E ratio 2020 29,9x
Yield 2020 4,64%
Capitalization 3 051 M 3 054 M -
EV / Sales 2020 3,09x
EV / Sales 2021 2,63x
Nbr of Employees 4 373
Free-Float 62,5%
Chart SBM OFFSHORE N.V
Duration : Period :
SBM Offshore N.V Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SBM OFFSHORE N.V
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 21,15 $
Last Close Price 17,41 $
Spread / Highest target 55,7%
Spread / Average Target 21,5%
Spread / Lowest Target -42,4%
EPS Revisions
Managers
NameTitle
Bruno Yves Raymond Chabas Chief Executive Officer
Roeland Ijsbrand Baan Chairman-Supervisory Board
Philippe Barril Chief Operating Officer
Douglas H. M. Wood Chief Financial Officer
Francis Robert Gugen Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
SBM OFFSHORE N.V-10.82%3 059
SCHLUMBERGER LIMITED-62.76%20 838
HALLIBURTON COMPANY-49.94%10 761
BAKER HUGHES COMPANY-48.73%8 624
DIALOG GROUP8.70%5 056
ENERGY ABSOLUTE-4.57%4 997