SBM OFFSHORE Q3 2010 TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED

SBM OFFSHORE Q3 2010 TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED

ID: 48599

(Thomson Reuters ONE) -


Highlights

 ·         Turnover for the first nine months of 2010 at US$ 2,180 million,
2.5% above prior year;
 ·         Total order backlog at 30 September 2010 at US$ 10.3 billion (US$
9.0 billion at 30 September 2009);
 ·         A letter of agreement signed for a lease contract for a DeepDraft®
semi-sub production facility for the Tubular Bells field in the Gulf of Mexico;
 ·         Delivery of FPSO P-57 and semi submersible drilling rig "Lone Star";
 ·         New Joint Venture Partner, DSME, in the Paenal yard development in
Angola;
 ·         Membership of the Dow Jones Sustainability Europe Index.


Tony Mace, CEO of SBM Offshore: "We were pleased to complete two major projects
in recent weeks with the delivery of the first semi submersible drilling rig and
the large FPSO P-57, a major part of which was executed in Brazil. There is
continued high bidding activity and the outlook for our products is buoyant
although timing for sanction of some projects is uncertain".


Outlook Full Year 2010

 ·         Turnover in the same range as 2009; fully secured by current backlog;
 ·         EBIT margin from Turnkey Systems solidly within 5%-10% range;
 ·         EBIT margin from Turnkey Services within 15%-20% range;
 ·         Lease and Operate EBIT contribution below 2009 level.

 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#1460711]





SBM Offshore Press Release:
http://hugin.info/130754/R/1460711/399820.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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


Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  Hannover Re posts vigorous growth and raises profit target Ageas - Third quarter 2010 results
Bereitgestellt von Benutzer: hugin
Datum: 10.11.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 48599
Anzahl Zeichen: 2622

contact information:
Town:

Schiedam



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 217 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"SBM OFFSHORE Q3 2010 TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED"
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SBM Offshore N.V. (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

SBM OFFSHORE CHANGE IN BOARD OF MANAGEMENT ...

SBM Offshore N.V. announces that Mr. Dick van der Zee will retire and leave the Board of Management on 31 December 2009. Mr. van der Zee joined SBM Offshore (formerly IHC Caland N.V.) in 1996 as Managing Director of subsidiary Company IHC Gusto ...

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