Report
Baptiste Lebacq

SBM Offshore : S1 au-dessus des attentes et guidance d’EBITDA 2018 inchangée

>Une guidance d’EBITDA annuelle inchangée - Les résultats de SBM Offshore ressortent au-dessus des attentes. Le groupe a légèrement ajusté sa guidance annuelle au niveau du chiffre d’affaires (1.7 Md$ vs 1.9 avant) compte tenu des discussions en cours avec Exxon Mobil pour le FPSO de Liza 1 (Guyana), le groupe conserve néanmoins sa guidance d’EBITDA retraitée de 2018 à 750 M$. Nous maintenons notre recommandation Neutre sur le titre (conférence call 10h CET). Objecti...
Underlying
SBM Offshore NV

SBM Offshore is a holding company. Co. provides floating production solutions to the offshore energy industry, over the full product life-cycle. Co.'s main activities are the design, supply, installation, operation and life extension of floating production, storage and offloading (FPSO) vessels. Other products include semi-submersibles, tension-leg platforms, floating production storage and offloading liquefied natural gas, turret mooring systems, brownfield and offshore (off) loading terminals. As of Dec 31 2015, Co.'s fleet consisted of 10 FPSOs, two floating storage and offloadings, one mobile offshore production unit, one semisubmersible in operation worldwide.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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