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SBMO SBM Offshore NV News Story

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Brief: SBM Offshore Ups FY Revenue, EBITDA Guidance

Aug 7 (Reuters) - SBM Offshore NV SBMO.AS:

SBM OFFSHORE H1 DIRECTIONAL REVENUE USD 2,311 MILLION

SBM OFFSHORE H1 DIRECTIONAL EPS USD 1.57

SBM OFFSHORE H1 DIRECTIONAL EBITDA USD 682 MILLION

EUR141 MILLION SHARE REPURCHASE PROGRAM ON TRACK, C. 34% COMPLETED

RAISES 2025 REVENUE GUIDANCE TO ABOVE $5.0 BILLION

RAISES 2025 EBITDA GUIDANCE TO ABOVE $1.6 BILLION

EUR150 MILLION DIVIDEND PAID; EUR141 MILLION SHARE REPURCHASE PROGRAM ON TRACK, C. 34% COMPLETED

WE ACHIEVED AN UPTIME AVERAGE OF 99.4% FOR FIRST SIX MONTHS ACROSS FLEET

DEEPWATER MARKET OUTLOOK REMAINS ROBUST, DRIVEN BY DEMAND FOR COST-EFFICIENT AND LOW-EMISSION OIL PRODUCTION

ON TRACK TO RETURN A MINIMUM OF US$1.7 BILLION TO SHAREHOLDERS OVER SIX YEARS FROM 2025 TO 2030

UPSIDE POTENTIAL TO PLANNED SHAREHOLDER RETURNS FROM EXISTING BACKLOG AND PROSPECTIVE NEW AWARDS

Source text: ID:nGNE2BLmrD

Further company coverage: SBMO.AS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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