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SBM Offshore Announces Half Year 2021 Earnings

SBM Offshore Announces Half Year 2021 Earnings
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Hummingbird Resources PLC (LSE:HUM) | RNS | Hummingbird Res. - Q2 2021 Operational and Trading Update

Hummingbird Resources PLC (LSE:HUM) | RNS | Hummingbird Res. - Q2 2021 Operational and Trading Update
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SBM Offshore Full Year 2020 Earnings

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SBM Offshore Full Year 2020 Earnings
SBM Offshore N.V.February 11, 2021 GMT
February 11, 2021
Highlights
2020 guidance delivered: Underlying1 Directional2 revenue US$2,291 million; Underlying Directional EBITDA US$944 million
Almost US$1 billion Year on Year net increase of pro-forma Directional backlog3 to US$21.6 billion
Sustainability targets met
Sixth Fast4Ward® Multi-Purpose Floater hull ordered
Dividend increase of 10% totaling US$165 million
2021 Directional revenue guidance of around US$2.6 billion; Directional EBITDA guidance of around US$900 million
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Bruno Chabas, CEO of SBM Offshore, commented:
“2020 has been a difficult year for everyone, including SBM Offshore. COVID-19 affected our clients and the wider energy market and impacted our operations and projects. Our teams admirably met the challenge. In our Tu ....

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