May 9, 2018 / 4:16 PM / 7 months ago

BRIEF-SBM Q1 Directional Net Debt Decreased By Circa 550 Million Dollars

May 9 (Reuters) - SBM OFFSHORE NV:

* SBM OFFSHORE FIRST QUARTER TRADING UPDATE

* YEAR-TO-DATE 2018 DIRECTIONAL REVENUE OF US$385 MILLION IN LINE WITH MANAGEMENT EXPECTATIONS

* FAST4WARD HULL PROGRESSING PER PLAN; FIRST STEEL CUT IN MARCH 2018

* DIRECTIONAL NET DEBT DECREASED BY C. US$550 MILLION TO US$2.4 BILLION AT END OF Q1

* 2018 DIRECTIONAL REVENUE GUIDANCE IS MAINTAINED AT AROUND $1.9 BILLION

* 2018 DIRECTIONAL EBITDA GUIDANCE IS ALSO MAINTAINED AT AROUND US$750 MILLION

* GUIDANCE ASSUMES A PARTIAL SELL-DOWN OF COMPANY’S OWNERSHIP SHARE OF FPSO LIZA

* MARKET OUTLOOK IS POSITIVE AS INDUSTRY CONTINUES TO RECOVER, ALBEIT GRADUALLY -CEO

* DISCUSSIONS BETWEEN MINISTRY OF TRANSPARENCY, OVERSIGHT AND CONTROL GENERAL COUNSEL FOR PETROBRAS AND SBM OFFSHORE RELATING TO LENIENCY AGREEMENT REMAIN ONGOING

* DAMAGE CLAIM FILED BY FEDERAL PROSECUTOR’S OFFICE REMAINS UNDER REVIEW BY COURT

* UNDER CURRENT CIRCUMSTANCES, COMPANY DOES NOT FORESEE AN ALL-ENCOMPASSING FINAL RESOLUTION IN BRAZIL IN SHORT TERM

* BRAZIL: UNDER CURRENT CIRCUMSTANCES CANNOT GUARANTEE THAT SATISFACTORY RESOLUTION WILL BE REACHED WITH AUTHORITIES, NOR PREDICT TIMING THEREOF Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below