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SBM Offshore Announces Half Year 2021 Earnings
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SBM Offshore Full Year 2020 Earnings
SBM Offshore N.V.February 11, 2021 GMT
February 11, 2021
Highlights
2020 guidance delivered: Underlying1 Directional2 revenue US$2,291 million; Underlying Directional EBITDA US$944 million
Almost US$1 billion Year on Year net increase of pro-forma Directional backlog3 to US$21.6 billion
Sustainability targets met
Sixth Fast4Ward® Multi-Purpose Floater hull ordered
Dividend increase of 10% totaling US$165 million
2021 Directional revenue guidance of around US$2.6 billion; Directional EBITDA guidance of around US$900 million
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Bruno Chabas, CEO of SBM Offshore, commented:
“2020 has been a difficult year for everyone, including SBM Offshore. COVID-19 affected our clients and the wider energy market and impacted our operations and projects. Our teams admirably met the challenge. In our Turnkey business, we maintained progress on