In H1 15, IFRS revenue came in at $1.46bn, -48% yoy (o/w Turnkey $0.97bn, Lease & Operate $0.49bn), below consensus estimates (while Directional revenue, at $1.57bn, -9% yoy, beat consensus). IFRS EBIT, at $204m, -52% yoy, was also below consensus ($281m), but again the comparison is reversed in Directional terms (Directional's EBIT at $255m, above consensus at $182m). IFRS net income was at $106m, -71% yoy (below consensus while Directional's figures were a beat). The backlog stood at $2
06 Aug 2015
H1 15 Directional beat, IFRS miss
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H1 15 Directional beat, IFRS miss
SBM Offshore NV (SBMO:WBO) | 0 0 0.5% | Mkt Cap: 2,738m
- Published:
06 Aug 2015 -
Author:
Marzio Foa -
Pages:
3
In H1 15, IFRS revenue came in at $1.46bn, -48% yoy (o/w Turnkey $0.97bn, Lease & Operate $0.49bn), below consensus estimates (while Directional revenue, at $1.57bn, -9% yoy, beat consensus). IFRS EBIT, at $204m, -52% yoy, was also below consensus ($281m), but again the comparison is reversed in Directional terms (Directional's EBIT at $255m, above consensus at $182m). IFRS net income was at $106m, -71% yoy (below consensus while Directional's figures were a beat). The backlog stood at $2