SBM Offshore falls on 'limited' FY guidance hike

SBM Offshore NV

07/08/2025 08:45

** Shares in SBM Offshore SBMO.AS fall 5% and analysts point to a limited scale of the FY guidance upgrade

** The company sees FY directional EBITDA of around $1.6 billion on revenues of more than $5 billion (vs $1.50 billion and $4.9 billion previously)

** Degroof Petercam says the upgrade is "slight" and points to the volatility of H1 results "as the mix shifts towards the turnkey segment"

** "The increase in the guidance was relatively limited, and the mix was more towards a turnkey," added another analyst who requested to remain anonymous

** H1 turnkey segment revenue rose 100% y/y, while that of lease and operate unit were down 16%

 (Reporting by Anna Peverieri)

 ((Anna.Peverieri@thomsonreuters.com))