Q1 directional revenues were $442m (-26% yoy; IFRS revenues were $507m, -32% yoy), as expected by management. Guidance 2016 is confirmed: - Directional revenue of at least $2.0bn (o/w Turnkey $0.6-0.7bn, Lease and Operate $1.3-1.4bn); - EBITDA at c. $750m.
11 May 2016
Guidance confirmed, covenants renegotiated
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Guidance confirmed, covenants renegotiated
SBM Offshore NV (SBMO:WBO) | 0 0 0.5% | Mkt Cap: 2,738m
- Published:
11 May 2016 -
Author:
Marzio Foa -
Pages:
2
Q1 directional revenues were $442m (-26% yoy; IFRS revenues were $507m, -32% yoy), as expected by management. Guidance 2016 is confirmed: - Directional revenue of at least $2.0bn (o/w Turnkey $0.6-0.7bn, Lease and Operate $1.3-1.4bn); - EBITDA at c. $750m.