Chart Events
Performance Outlook
| Previous Close | 15.69 |
| Open | 15.65 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 15.35 - 15.73 |
| 52 Week Range | 9.77 - 17.44 |
| Volume | 530,634 |
| Avg. Volume | 595,322 |
| Market Cap | 3.05B |
| Beta (5Y Monthly) | 0.87 |
| PE Ratio (TTM) | 8.84 |
| EPS (TTM) | 1.74 |
| Earnings Date | Feb 11, 2021 |
| Forward Dividend & Yield | 0.74 (4.75%) |
| Ex-Dividend Date | Apr 14, 2020 |
| 1y Target Est | 20.62 |
- GlobeNewswire
Update on Lease and Operate backlog
December 23, 2020SBM Offshore reports a contractual lease extension for FPSO Espirito Santo in Brazil and expects a potential increase in the lease duration for FPSOs in Guyana. SBM Offshore will present an updated pro-forma backlog, taking into account the most recent developments, along with its Full Year 2020 Earnings.SBM Offshore signed an agreement with its client Shell for a five years’ extension for the lease and operate contracts of the FPSO Espirito Santo located in Brazil. The end of the contractual lease and operate period was extended from December 2023 to December 2028. SBM Offshore is the majority owner of the lease and operating companies related to FPSO Espirito Santo with 51% equity ownership, together with MISC Berhad with 49% equity ownership.ExxonMobil affiliate Esso Exploration and Production Guyana Limited, has also initiated discussions with SBM Offshore about potentially extending the lease and operate durations for FPSOs in Guyana. Corporate ProfileThe Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.As of December 31, 2019, the Company employs approximately 4,450 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies “SBM Offshore” or “the Company” are sometimes used for convenience. For further information, please visit our website at www.sbmoffshore.com.The Management Board Amsterdam, the Netherlands, December 23, 2020Financial Calendar DateYear Full Year 2020 Earnings – Press ReleaseFebruary 112021 Annual General Meeting of ShareholdersApril 72021 Trading Update 1Q 2021 – Press ReleaseMay 122021 Half Year 2021 Earnings – Press ReleaseAugust 52021 Trading Update 3Q 2021 – Press ReleaseNovember 112021 For further information, please contact:Investor Relations Bert-Jaap Dijkstra Group Treasurer and IRTelephone:+31 (0) 20 236 3222 Mobile:+31 (0) 6 21 14 10 17 E-mail:bertjaap.dijkstra@sbmoffshore.com Website:www.sbmoffshore.com Media Relations Vincent Kempkes Group Communications DirectorTelephone:+31 (0) 20 236 3170 Mobile:+31 (0) 6 25 68 71 67 E-mail:vincent.kempkes@sbmoffshore.com Website:www.sbmoffshore.com DisclaimerThis press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company’s business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.Attachment * Update on Lease and Operate backlog
- GlobeNewswire
Changes in Supervisory Board
December 21, 2020Mrs. Laurence Mulliez and Mr. Andy Brown will step down from the Supervisory Board.After serving 6 years on the Supervisory Board, Mrs. Laurence Mulliez announced that she will step down at the time of the General Shareholder meeting on April 7, 2021. Mr. Andy Brown will leave the board by year end 2020 to prepare for a role in another company in the course of 2021. Mr. Andy Brown joined the Supervisory Board in 2020.Mr. Roeland Baan, Chairman of the Supervisory Board said: “I thank both Laurence and Andy for their valuable contributions. Laurence has for many years contributed significantly in especially the development of the strategy of the Company in Renewables. Andy will be missed for his vast experience in the oil and gas industry. I wish both Laurence and Andy every success in the future.” The Company has started the process to fill the vacancies in the Supervisory Board. Corporate ProfileThe Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.As of December 31, 2019, the Company employs approximately 4,450 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies “SBM Offshore” or “the Company” are sometimes used for convenience. For further information, please visit our website at www.sbmoffshore.com.The Management Board Amsterdam, the Netherlands, December 21, 2020Financial Calendar Date Year Full Year 2020 Earnings – Press Release February 11 2021 Annual General Meeting of Shareholders April 7 2021 Trading Update 1Q 2021 – Press Release May 12 2021 Half Year 2021 Earnings – Press Release August 5 2021 Trading Update 3Q 2021 – Press Release November 11 2021 For further information, please contact:Investor Relations Bert-Jaap Dijkstra Group Treasurer and IRTelephone: +31 (0) 20 236 3222 Mobile: +31 (0) 6 21 14 10 17 E-mail: bertjaap.dijkstra@sbmoffshore.com Website: www.sbmoffshore.com Media Relations Vincent Kempkes Group Communications DirectorTelephone: +31 (0) 20 236 3170 Mobile: +31 (0) 6 25 68 71 67 E-mail: vincent.kempkes@sbmoffshore.com Website: www.sbmoffshore.com DisclaimerThis press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company’s business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. Attachment * Changes in Supervisory Board
- Reuters
Swiss investigating SBM Offshore subsidiaries over past corruption
Swiss authorities said on Monday they had launched a criminal investigation into three subsidiaries of Netherlands-based SBM Offshore for allegedly failing to prevent past corruption of foreign government officials. The case was launched in September by the Swiss Attorney General's Office, it said in a statement sent to Reuters. SBM has paid hundreds of millions of dollars (euros) over the past decade to settle bribery cases in the Netherlands, Brazil and the United States.
