SBM Offshore's sales and core earnings miss expectations

Modec

05/08/2021 06:14

Aug 5 (Reuters) - SBM Offshore's  SBMO.AS  first-half sales
and core profit missed market expectations, the oil and gas
services firm reported on Thursday, citing challenging
conditions because of the COVID-19 pandemic.
    The Dutch company, which supplies floating oil and gas
production vessels, posted half-year revenues of $1.07 billion,
below the $1.18 billion expected by analysts in a
company-provided consensus.
    Its earnings before interest, taxes, depreciation and
amortisation (EBITDA) amounted to $426 million, against a
forecast of $477 million.

 (Reporting by Juliette Portala; Editing by Clarence Fernandez)
 ((juliette.portala@thomsonreuters.com ; +48 698 901 454))