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SBM Offshore NV (SBMO.AS)

SBMO.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SBM Offshore FY IFRS EBITDA beats consensus
Wednesday, 8 Feb 2017 12:01pm EST 

Sbm Offshore NV : FY IFRS revenue $2.27 billion versus $2.06 billion in Reuters poll . FY IFRS EBITDA $772 million versus $729 million in Reuters poll . FY IFRS underlying profit attributable to shareholders $308 million versus $206 million in Reuters poll . Directional backlog at Dec 31 was $17.1 billion versus $18.9 billion year ago . Proposes a cash dividend of $0.23 per share, an increase of c. 10 pct year-on-year . Addition company will be updating and reinforcing its dividend policy . 2017 guidance: directional revenue around $1.7 billion, directional EBITDA around $750 million . Positive medium to long-term outlook is maintained as deep water offshore . Management's expectations for order intake in 2017 remain unchanged .Says offshore industry shows early signs of stabilization but with a slow recovery.  Full Article

SBM Offshore wins contracts for Exxonmobil Liza FPSO
Tuesday, 20 Dec 2016 12:06pm EST 

Sbm Offshore Nv :SBM Offshore awarded contracts for Exxonmobil Liza FPSO.  Full Article

SBM Offshore confirms its FY 2016 directional revenue guidance of at least US$2.0 billion
Wednesday, 7 Dec 2016 12:31pm EST 

SBM Offshore NV : Company confirms its FY 2016 directional revenue guidance of at least US$2.0 billion . Diving support and construction vessel (dscv) sbm installer contract is classified as onerous and a non-cash provision of approx.y us$30 million . FY2016 EBITDA guidance is around US$720 million, compared to previous guidance of around US$750 million . Activity outlook for SBM Offshore's investment (30 pct ownership) in Joint Venture owning Paenal construction yard operating in Angola has deteriorated . As a result, company's carrying amount for net investment in this entity is to be impaired by approximately US$60 million .Diving Support and Construction Vessel (DSCV) SBM installer contract is to be recognized in gross margin of turnkey segment.  Full Article

SBM Offshore appoints new CFO of the company
Wednesday, 30 Nov 2016 09:07am EST 

SBM Offshore NV : Mr. D.H.M. Wood appointed new CFO of the company .Mr. Wood succeeds Mr. P.M. Van Rossum, who retired today as management board member and chief financial officer.  Full Article

SBM Offshore updates on status of leniency agreement
Friday, 2 Sep 2016 01:00am EDT 

SBM Offshore NV : Update on status of leniency agreement . Fifth chamber of Brazilian federal prosecutor service has not approved leniency agreement signed by Brazilian authorities, Petrobras and SBM Offshore .Company is seeking clarification on decision and will update market accordingly.  Full Article

SBM Offshore comments on tender conditions - conf call
Thursday, 11 Aug 2016 04:25am EDT 

SBM Offshore NV : Says when market is down, tender conditions can become unbearable; says it will not take risks which could put company at risk - conference call Further company coverage: [SBMO.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

SBM Offshore H1 underlying profit down, announces new CFO
Wednesday, 10 Aug 2016 12:20pm EDT 

SBM Offshore NV : H1 directional revenue $939 million versus $954 million in Reuters poll . H1 directional EBITDA $327 million versus $336 million in Reuters poll . H1 directional backlog $18.0 billion versus $18.9 billion on Dec. 31 . H1 directional underlying profit attributable to shareholders $66 million versus $51 million in Reuters poll . First half 2016 lease & operate fleet uptime performance was 95 pct . Revenue contribution from new additions to lease & operate fleet has allowed company to commence generating positive free cash flow in H1 . Proportional net debt at end of June reduced by $68 million to $3.1 billion . P.M. Van Rossum will retire as management board member and Chief Financial Officer (CFO) . Supervisory board nominates Mr. D.H.M. Wood as management board member and CFO . FPSO Turritella (US Gulf of Mexico): vessel is on location in the US Gulf of Mexico and the United States Coast Guard’S Certificate of Compliance was issued on July 29, 2016 . Reiterates its 2016 guidance and announces initiation of a 150 million euros ($167.6 million) share repurchase program . Positive free cash flow is expected to be continued over remainder of 2016 . Expectations for low order intake in 2016 and 2017 remain unchanged . FY 2016 directional capital expenditure for the three finance lease vessels under construction has been revised from approximately $90 million to approximately $70 million.  Full Article

SBM Offshore to propose D.H.M Wood's appointment to board for 4 years
Wednesday, 10 Aug 2016 12:07pm EDT 

Sbm Offshore Nv : To hold general meeting where it will be proposed that d h m wood will be appointed as management board member for 4 years until 2021 agm . During egm of november 30, 2016 p m van rossum will step down as management board member and cfo .Wood has worked at royal dutch shell plc since 1993; wood most recently as cfo of showa shell sekiyu k.k. In japan.  Full Article

SBM Offshore reports YTD 2016 directional revenue of $442 million
Wednesday, 11 May 2016 01:01am EDT 

Sbm Offshore NV : Year-To-Date 2016 directional revenue in line with management expectations at $442 million . Reiterating 2016 directional revenue and EBITDA guidance of at least $2.0 billion and around $750 million, respectively . Directional backlog as of March 31, 2016 is $18.5 billion versus $18.9 billion as of Dec. 31, 2015 . Discussions with Brazilian authorities and Petrobras regarding a settlement agreement are progressing . Timing and size of any potential settlement remain to be confirmed .Cooperating with US department of justice in its enquiries following reopening of its case in January.  Full Article

SBM Offshore says settlement for accusations against CEO and member of supervisory board confirmed
Wednesday, 6 Apr 2016 01:00am EDT 

SBM Offshore NV:Confirmation of the settlement regarding allegations against CEO and member of the supervisory board.  Full Article

More From Around the Web

SBM Offshore shares gain on hopes of Brazilian settlement

Jan 20 Shares in Dutch offshore oil industry services company SBM Offshore rose on Friday on a media report the company was close to settling a corruption probe with Brazilian authorities that has prevented it from bidding for work in a major market.