SBM OFFSHORE Q1 2011 TRADING UPDATE STRONG ORDER INTAKE
(Thomson Reuters ONE) -
Highlights First Quarter 2011
* Turnover of US$ 683 million, 5 % below prior year;
* Total order portfolio of US$ 11.3 billion - not including recent major
awards with an approximate total portfolio value of US$ 2 billion;
* Letter of Intent for the supply and installation of an FPSO from OSX in
Brazil;
* Letter of Intent for a 12 year lease and operate contract for the FPSO
Xikomba from ENI in Angola;
* Long-term cooperation agreement with Mitsubishi Corporation to jointly
pursue FPSO lease and operate projects worldwide;
* Ordered a new Diving Support Construction Vessel (DSCV).
Tony Mace, CEO of SBM Offshore: "Since the beginning of the year we have
received two major orders, the first for the supply of an FPSO to OSX in Brazil
and the second for a twelve year lease relocation project of the existing FPSO
Xikomba for ENI in Angola. This order intake fits nicely with the Company's
strategy to obtain a good mix between lease and supply projects and ensures
relocation of one of the Company's existing FPSOs. Demand for our products
remains high and there are reasonable opportunities to obtain further orders
this year".
Outlook Full Year 2011
· Turnover in the same range as 2010, almost fully secured from current
portfolio;
· EBIT margin from Turnkey Systems solidly in the 10% - 15% range,
taking into account a robust underlying operating margin and the impact of
finance lease accounting;
· Turnkey Services EBIT margin within the 15% - 20% range;
· Lease and Operate EBIT in the same range as underlying 2010 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:
SBM Offshore press release:
http://hugin.info/130754/R/1512648/448255.pdf
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originality of the information contained therein.
Source: SBM Offshore N.V. via Thomson Reuters ONE
[HUG#1512648]
Unternehmensinformation / Kurzprofil:
Datum: 05.05.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 54268
Anzahl Zeichen: 2950
contact information:
Town:
Schiedam
Kategorie:
Business News
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