SBM OFFSHORE Q1 2010 TRADING UPDATE SOLID PERFORMANCE WITH IMPROVING MARKET
(Thomson Reuters ONE) -
Highlights
· Turnover for the first quarter of 2010 US$ 722 million, 6% above prior
year;
· Total order backlog at 31 March 2010 at US$ 10.0 billion, same as
2009 year-end;
· One year extension for lease contract for FPSO Kuito;
· Pre-commitment from Petrobras for lease FPSO for pre-salt area;
· FPSO Capixaba arrived on the Cachalote field in Brazil and is ready
for oil production.
Tony Mace, CEO of SBM Offshore: "In all three of our business segments we see an
increase in realistic opportunities for sanction of projects. The pre-commitment
for a lease FPSO for the pre-salt area from Petrobras is an important project
for the Company and represents the largest value FPSO we will have ever
contracted. We have also seen an improvement in performance in our more recent
projects with execution within schedule and budget."
Outlook Full Year 2010
· Turnover in the same range as 2009 - now around 90% secured from
current backlog;
· EBIT margin from Turnkey Systems solidly within 5% - 10% range;
· Outlook for EBIT margin from Turnkey Services improving;
· Lease and Operate EBIT contribution below 2009.
Contact person: Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser(at)sbmoffshore.com
Website: www.sbmoffshore.com
To see the full version of this Press Release please click on the link below:
[HUG#1414936]
SBM Offshore Press Release: http://hugin.info/130754/R/1414936/366164.pdf
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 20731
Anzahl Zeichen: 0
contact information:
Town:
Schiedam
Kategorie:
Business News
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