Despite the perpetual Covid-19 impacts due to continued restrictions in China and global logistic issues emanating from the war in Ukraine, SBM offshore recorded a strong revenue increase of 46% in 9M FY22 compared to the same period last year. Whereas the company revised up the adjusted EBITDA guidance for FY22, the repair costs from an FPSO in Brazil will impact the annual margins.

10 Nov 2022
Good results and upward guidance revision despite bottlenecks

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Good results and upward guidance revision despite bottlenecks
Despite the perpetual Covid-19 impacts due to continued restrictions in China and global logistic issues emanating from the war in Ukraine, SBM offshore recorded a strong revenue increase of 46% in 9M FY22 compared to the same period last year. Whereas the company revised up the adjusted EBITDA guidance for FY22, the repair costs from an FPSO in Brazil will impact the annual margins.