The Dutch oil services company posted top-line revenues perfectly in line with the consensus but the adjusted EBITDA was a miss by 13%, fuelling concerns about costs and profitability. The net profit was 60% below the street’s estimates. The management cited inflationary pressures, supply chain issues and the persistent effects of Covid-19 as the main drivers for the lower-than-expected margins. The high level of debt, which increased by 11% compared to Q1, raised concerns over shareholder retur ....
