'Clear visibility' - SBM Offshore jumps on another outlook hike
06/08/2026 08:32
BUZZ-'Clear visibility' - SBM Offshore jumps on another outlook hike ** Shares in SBM Offshore SBMO.AS rise 7.2% after the Dutch floating production specialist raised its outlook again as its H1 directional revenue more than doubled
** Directional revenue rises 112% to $4.9 billion, beating the $4.65 billion expected, while directional EBITDA rises 92% to $1.3 billion
** "The backlog of $35.6bn and revenue guidance above our initiation estimate provide clear visibility on sustained cash flow generation and shareholder returns growth," brokerage RBC says
** It adds that it sees further catalysts from additional H2 onwards
** The stock is on track for its best day since November
(1 euro = $1.1545)
(Reporting by Hugo Lhomedet)
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