SBM Offshore Q1 Trading Update
(Thomson Reuters ONE) -
Highlights First Quarter 2012
· Turnover of US$ 763 million, 12% above Q1 prior year
· Total order portfolio of US$ 16.7 billion
· US$ 0.5 billion order for supply of Ichthys FPSO turret
· Net debt of US$ 1,921 million (31 December 2011: US$ 1,958 million)
· Outlook and guidance 2012 unchanged
Post Period Highlights
· Mr Sietze Hepkema appointed, subject to EGM approval, to new Management
Board governance post
· Nomination of Mr Peter van Rossum as Chief Financial Officer
Bruno Chabas, CEO of SBM Offshore, commented:
"SBM Offshore's first quarter performance maintained the trend of consistent
year-on-year growth. Strong momentum in the oil & gas upstream market continues
to drive demand for FPSOs and related products. The recent award of the turret
for the Ichthys FPSO is a reminder of the strong rationale for a strategy to
focus on the products for which we are the world leader.
On the Yme project, within six months we expect to develop a completion schedule
with our client. Elsewhere across the business, execution of our project
portfolio is progressing to plan and we remain on track to deliver our full year
expectations.
Since the end of the quarter, we have announced the appointment of Mr Sietze
Hepkema, subject to EGM approval, to a newly created Management Board position
for governance, compliance and legal affairs worldwide. We are delighted that
Sietze made himself available to us immediately, and he is already making a
valued contribution by leading the internal investigation mentioned in the press
release of 10 April 2012.
Finally, I am pleased to confirm the nomination of Mr Peter van Rossum as Chief
Financial Officer. His appointment to the Management Board is subject to
approval by shareholders on 27 June 2012. Peter brings with him a wealth of
financial and oil industry expertise and will be a valuable asset for SBM
Offshore and we look forward to him joining the team on 2 July 2012".
For further information, please contact:
Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
E-mail: sebastiaan.derondebresser(at)sbmoffshore.com
Website: www.sbmoffshore.com
To see the complete version of this press release, please click on the link
below:
SBM Offshore press release:
http://hugin.info/130754/R/1612531/513302.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SBM Offshore N.V. via Thomson Reuters ONE
[HUG#1612531]
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 147015
Anzahl Zeichen: 3305
contact information:
Town:
Schiedam
Kategorie:
Business News
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