Brief: SBM Offshore Ups FY Directional Revenue Guidance To Above $3.8 Bln Vs Around $3.5 Bln

SBM Offshore NV

08/08/2024 06:09

Aug 8 (Reuters) - SBM Offshore NV  SBMO.AS :
    * SBM OFFSHORE HALF YEAR 2024 EARNINGS
    * OUTLOOK: 2024 DIRECTIONAL EBITDA GUIDANCE INCREASED FROM
AROUND
US$1.2 BILLION TO AROUND US$1.3 BILLION
    * OUTLOOK: 2024 DIRECTIONAL REVENUE GUIDANCE INCREASED FROM
AROUND
US$3.5 BILLION TO ABOVE US$3.8 BILLION
    * H1 US$3.4 BILLION NET INCREASE OF PRO-FORMA DIRECTIONAL
BACKLOG
TO RECORD-LEVEL US$33.7 BILLION
    * EUR65 MILLION (US$71 MILLION EQUIV.2) ADDITIONAL SHARE
REPURCHASE
    * EXISTING SHARE REPURCHASE PROGRAM OF EUR65 MILLION ON
TRACK, C.
58% COMPLETED
    * H1 REVENUES AT $1.84 BILLION VERSUS $1.74 BILLION IN
COMPANY-PROVIDED CONSENSUS
    * H1 EBITDA AT $620 MILLION VERSUS $581 MILLION IN
COMPANY-PROVIDED CONSENSUS
    * DIRECTIONAL NET DEBT STOOD AT US$7.1 BILLION IN H1 2024
VERSUS
US$6.7 BILLION AS AT DEC. 31, 2023
    * AS OF JUNE 30, 2024, THE NET CASH BALANCE STOOD AT US$495
MILLION
    * SHOULD PURCHASE OF FPSOS PROSPERITY AND LIZA DESTINY OCCUR
IN
2024,  GUIDANCE WILL BE REVISED ACCORDINGLY ONCE DETAILS OF
PURCHASE CONFIRMED

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX15Tt0x
Further company coverage:  SBMO.AS 

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