share_log

BRIEF-SBM Offshore Cuts 2021 Directional Revenue Guidance To Above $2.3 Bln

reuters ·  Nov 11, 2021 01:22

Nov 11 (Reuters) - SBM Offshore NV SBMO.AS :

* SBM OFFSHORE Q3 TRADING UPDATE

* 9-MONTH REVENUE EUR 1.65 BILLION VERSUS EUR 1.81 BILLION YEAR AGO

* STRONG PERFORMANCE DESPITE ONGOING COVID-19 CHALLENGES

* 2021 DIRECTIONAL EBITDA GUIDANCE MAINTAINED AT AROUND US$900 MILLION

* 2021 DIRECTIONAL REVENUE GUIDANCE REVISED FROM AROUND US$2.6 BILLION TO ABOVE US$2.3 BILLION MAINLY DRIVEN BY A DEFERRAL IN EXPECTED TIMING OF PARTNER ENTRY INTO AN FPSO JOINT VENTURE

* OUTLOOK REVISION MAINLY DRIVEN BY ASSUMED SHIFT IN EXPECTED TIMING OF PARTNER ENTRY INTO FPSO ALMIRANTE TAMANDARÉ JOINT VENTURE FROM LATE 2021 TO EARLY 2022

* PANDEMIC COULD CONTINUE TO HAVE A MATERIAL IMPACT ON COMPANY'S BUSINESS AND RESULTS AND REALIZATION OF GUIDANCE FOR 2021

* YEAR TO DATE, LEASE AND OPERATE FLEET UPTIME WAS 99.2%

* YEAR TO DATE, NET DEBT INCREASED TO US$5.1 BILLION

* LIZA UNITY, FIRST FAST4WARD® FPSO, SAFELY ARRIVED IN GUYANA

Source text for Eikon: ID:nGNX1XmTDm Further company coverage: SBMO.AS

(Paris Newsroom)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment