SBM Offshore 2019 Half-Year Earnings

SBM Offshore 2019 Half-Year Earnings

Highlights

  • US$6.3 billion order intake year-to-date, driving a 36% backlog increase
  • Contracted cash flow from Lease and Operate fleet provides visibility up to 2045
  • Four major projects under execution in Turnkey, including three FPSOs, of which two based on Fast4Ward®
  • 2019 Directional[1] revenue guidance increased to “above US$2 billion” due to Turnkey growth
  • 2019 Directional EBITDA guidance increased to “above US$750 million”
  • Year-to-date Directional revenue US$965 million; Directional EBITDA US$399 million, in line with expectation
  • Returned US$272 million to shareholders via completed share repurchase program and dividend

 

 

Read complete report: SBMO-2019-HALF-YEAR-EARNINGS

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