SBM Offshore has set its sights on around $2 billion of directional revenue for the full year as the Dutch floater giant posted an improved top line performance in the first quarter.
The 12-month target has been maintained, as has the full-year earnings before interest, tax, depreciation and amortisation target of about $750 million, as chief executive Bruno Chabas said the company continues to see “increased client activity” in its core market segment of complex floating production, storage and offloading units.
