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SBM Offshore NV (SBMO.AS)

SBMO.AS on Amsterdam Stock Exchange

14.57EUR
18 May 2018
Change (% chg)

€0.00 (+0.00%)
Prev Close
€14.57
Open
€14.52
Day's High
€14.72
Day's Low
€14.52
Volume
689,416
Avg. Vol
1,097,629
52-wk High
€16.03
52-wk Low
€12.55

Latest Key Developments (Source: Significant Developments)

SBM Offshore To Appoint Roeland Baan And Bernard Bajolet As Members Of Supervisory Board​
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - SBM OFFSHORE NV ::‍IT WILL BE PROPOSED TO APPOINT ROELAND BAAN AND BERNARD BAJOLET AS MEMBERS OF SUPERVISORY BOARD​.‍ROELAND BAAN IS PRESIDENT AND CEO OF OUTOKUMPU (A GLOBAL STAINLESS STEEL PRODUCER)​.  Full Article

SBM Offshore FY IFRS Underlying EBITDA At $822 Mln
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - SBM Offshore NV ::SBM OFFSHORE 2017 FULL YEAR EARNINGS.CASH DIVIDEND OF US$0.25 PER SHARE IS PROPOSED, C. 9% INCREASE YEAR-ON-YEAR.UNDERLYING DIRECTIONAL 2017 EBITDA OF US$806 MILLION, AN INCREASE OF C. 4% COMPARED TO LAST YEAR.PROPOSES A DIVIDEND OF US$0.25 PER SHARE IN RESPECT OF 2017.2018 GUIDANCE: DIRECTIONAL REVENUE AROUND US $1.9 BILLION.GUIDANCE FOR 2018 DIRECTIONAL EBITDA IS AROUND US$750 MILLION..SEES TURNKEY DIVISION IMPROVING IN LINE WITH GRADUAL MARKET RECOVERY IN 2018 WITH 2017.FY IFRS REVENUE $ 1.86 BILLION VERSUS $2.27 BILLION YEAR AGO.FY IFRS UNDERLYING EBITDA $822 MILLION VERSUS $825 MILLION YEAR AGO.  Full Article

SBM Offshore Updates On Legacy Issue In Brazil ‍​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE UPDATE ON LEGACY ISSUE IN BRAZIL ‍​.FEDERAL COURT OF ACCOUNTS ALLOWS MINISTRY OF TRANSPARENCY, OVERSIGHT AND CONTROL, GENERAL COUNSEL FOR REPUBLIC AND PETROBRAS TO MOVE FORWARD WITH SIGNING OF LENIENCY AGREEMENT‍​.FEDERAL PROSECUTOR’S OFFICE HAS FILED A DAMAGE CLAIM AGAINST A BRAZILIAN SUBSIDIARY OF COMPANY.DAMAGE CLAIM ALSO AGAINST INTERMEDIATE HOLDING COMPANY IN SWITZERLAND AND NUMBER OF INDIVIDUALS, INCL. FORMER EMPLOYEES OF GROUP.CLAIM RELATES TO ALLEGED IMPROPER SALES PRACTICES BEFORE 2012 THAT ARE ALSO SUBJECT OF LENIENCY AGREEMENTS.REAFFIRMS ITS COMMITMENT TO CLOSE OUT ITS LEGACY ISSUES IN BRAZIL BY MEANS OF A LENIENCY AGREEMENT.UNDER CURRENT CIRCUMSTANCES, COMPANY CANNOT GUARANTEE THAT SATISFACTORY RESOLUTION WILL BE REACHED.  Full Article

SBM Offshore wins Statoil contract for Castberg turret mooring
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Statoil Asa ::STATOIL AWARDS CONTRACT FOR THE TURRET MOORING SYSTEM OF JOHAN CASTBERG.‍STATOIL HAS SIGNED A CONTRACT WITH SBM OFFSHORE FOR DELIVERY OF TURRET MOORING SYSTEM ON FLOATING PRODUCTION SHIP (FPSO) FOR JOHAN CASTBERG FIELD​.‍CONTRACT IS AN EXERCISE OF AN OPTION IN CONNECTION WITH CONCLUSION OF A FEED CONTRACT WITH SAME COMPANY​.  Full Article

SBM Offshore Awarded Contract For Statoil's Johan Castberg Turret Mooring System
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Sbm Offshore Nv ::SBM OFFSHORE AWARDED TURNKEY CONTRACT FOR STATOIL'S JOHAN CASTBERG TURRET MOORING SYSTEM.TURRET IS PLANNED TO BE DELIVERED IN MODULES IN EARLY 2020.  Full Article

Sbm Offshore Reaches Resolution With The U.S. Department Of Justice
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE REACHES RESOLUTION WITH THE U.S. DEPARTMENT OF JUSTICE.‍AS PART OF OVERALL RESOLUTION, SBM OFFSHORE USA, INC. A U.S. SUBSIDIARY OF SBM OFFSHORE, PLEADED GUILTY TO A SINGLE COUNT OF CONSPIRACY TO COMMIT A VIOLATION OF U.S. FOREIGN CORRUPT PRACTICES ACT​.‍COMPANY AND SBM OFFSHORE USA, INC. AGREE TO PAY MONETARY PENALTIES IN TOTAL AMOUNT OF US$238 MILLION​.‍AGREEMENTS RELATE TO A CONSPIRACY TO VIOLATE U.S. FOREIGN CORRUPT PRACTICES ACT​.‍RESOLUTION REFERENCES BRAZIL, EQUATORIAL GUINEA, ANGOLA, IRAQ AND KAZAKHSTAN FROM 1996 UNTIL 2012​.‍CO AND SBM OFFSHORE USA AGREE TO PAY MONETARY PENALTIES IN TOTAL AMOUNT OF US$238 MILLION​.‍PAYMENT WILL BE DUE WITHIN TEN BUSINESS DAYS.​.  Full Article

SBM Offshore 2017 directional revenue down at 1,25 billion dollars‍​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - SBM OFFSHORE NV ::YTD 2017 DIRECTIONAL REVENUE IN LINE WITH MANAGEMENT EXPECTATIONS AT US$1,254 MILLION‍​.REITERATING ITS 2017 DIRECTIONAL REVENUE GUIDANCE OF AROUND US$1.7 BILLION‍​.ALSO REITERATES ITS UNDERLYING DIRECTIONAL EBITDA GUIDANCE OF ABOVE US$750 MILLION.NET DEBT AT SEPT. 30, AT EUR 2.6 BILLION VERSUS EUR 3.1 BILLION AT DEC 31, 2016​.  Full Article

SBM Offshore says $238 mln provision for legacy issues based on advanced discussions with U.S. DOJ
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Sbm Offshore NV :SBM Offshore update on legacy issues.SBM Offshore NV-‍provision of $238 million based on advanced discussions with U.S. DOJ in relation to their reopened investigation into legacy issues, Unaoil​.  Full Article

SBM Offshore confirms settlement with extended group of insurers on its Yme insurance claim
Friday, 11 Aug 2017 

Aug 11 (Reuters) - SBM OFFSHORE NV ::SBM OFFSHORE CONFIRMS SETTLEMENT WITH EXTENDED GROUP OF INSURERS ON ITS YME INSURANCE CLAIM.CONTINUES TO PURSUE ITS CLAIM AGAINST ALL REMAINING INSURERS INCLUDING TWO EXCESS LAYERS, TRIAL IS SCHEDULED TO START OCT. 2018.INTO BINDING SETTLEMENT WITH 83,6% OF US$500 MILLION PRIMARY INSURANCE LAYER AGAINST CASH PAYMENT OF US$281 MILLION IN FINAL SETTLEMENT OF CLAIM AGAINST PARTICIPATING INSURERS.  Full Article

SBM Offshore posts underlying directional earnings of $0.39/shr for H1
Wednesday, 9 Aug 2017 

Aug 9 (Reuters) - SBM Offshore Nv :SBM Offshore 2017 half-year earnings.H1 directional revenue of US$835 million, a decrease of 11 pct compared to same period last year.SBM Offshore - 2017 guidance for directional revenue reiterated at around US$1.7 billion and for underlying directional EBITDA updated to above US$750 million.Pro-Forma directional backlog remains nearly constant at us$17.0 billion compared to year-end 2016.Underlying directional EPS of US$0.39 per share for H1, representing increase of 26 pct compared to first half of 2016.  Full Article

BUZZ-SBM falls after Q1 trading update, no end to Brazilian legal woes

** Shares of Dutch offshore oil platform operator SBM Offshore fall 4.4 percent to 13.74 euros after company says it sees no short term resolution to investigations by Brazilian authorities