SBM Offshore shares hit 14-yr highs on strong outlook

SBM Offshore NV

20/02/2025 09:10

** Shares in SBM Offshore NV  SBMO.AS  soar 10%, paring
earlier gains of as much as 12.3%, after it provided 2025
guidance above expectations
    ** SBM Offshore guides for directional EBITDA and revenue of
respectively about $1.55 bln and $4.9 bln, having reported
record FY numbers
    ** ING points to EBITDA guidance $200 mln above consensus
estimates
    ** "Overall, the story is certainly positive, driven by the
strong outlook," ING says
    ** The broker also points to a positive surprise on FY order
book increasing by $4.8 bln, implying almost $11 bln order
intake
    ** Degroof Petercam says the company is "on track for more
value creation after a strong financial year" due to a "clear
rise in backlog and good opportunities for more wins" 
    ** The broker raises its 2025 estimates to align with the
guidance 
    ** The shares hit their highest price in about 14 years


 (Reporting by Johan Bodinier and Dimitri Rhodes)
 ((Johangeorgesroger.bodinier@thomsonreuters.com))