SBM Offshore N.V Logo

SBM Offshore N.V

ISIN: NL0000360618 | Ticker: SBMO | LEI: 549300RDGCRYZ5QE6513
Sector: EnergySub-Industry: Oil & Gas Equipment & Services
Country: Netherlands

About SBM Offshore N.V

Company Description

Harnessing the energy in and below the world’s waters
At SBM Offshore, we believe the oceans are key to solving global energy challenges: whether that’s through traditional sources, natural gas or offshore wind and wave.

Today, our main activity is to design, supply, install, operate and maintain Floating Production, Storage and Offloading (FPSO) vessels. FPSOs are complex systems that are essential to the offshore energy industries, particularly in remote areas. We are proud to be the trusted partner of choice for global energy providers thanks to our unrivalled technology and operating experience.

As market demand evolves, we’re committed to meeting it by finding better, safer and more sustainable ways of unlocking the oceans’ energy potential. We believe we have a leading role to play in supporting energy providers through this transition, helping them to make the most of conventional energy and to meet the world’s future needs.

Year founded

1965

Served area

Europe

Headcount

6,426

Headquarters

Evert van de Beekstraat 1-77, 1118 Schiphol – Netherlands

Financial statements

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Line item in (usd) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 11,085,000,000.00 13,211,000,000.00 15,889,000,000.00
Noncurrent Assets N/A 7,243,000,000.00 6,795,000,000.00 6,818,000,000.00
Property Plant And Equipment N/A 542,000,000.00 396,000,000.00 314,000,000.00
Investment Accounted For Using Equity Method N/A 282,000,000.00 361,000,000.00 290,000,000.00
Deferred Tax Assets N/A 46,000,000.00 13,000,000.00 12,000,000.00
Other Noncurrent Financial Assets N/A 114,000,000.00 82,000,000.00 151,000,000.00
Noncurrent Derivative Financial Assets N/A 38,000,000.00 14,000,000.00 465,000,000.00
Noncurrent Finance Lease Receivables N/A 6,171,000,000.00 5,843,000,000.00 5,468,000,000.00
Current Assets N/A 3,842,000,000.00 6,416,000,000.00 9,071,000,000.00
Inventories N/A 143,000,000.00 14,000,000.00 25,000,000.00
Trade And Other Current Receivables N/A 614,000,000.00 839,000,000.00 795,000,000.00
Current Tax Assets Current N/A 7,000,000.00 7,000,000.00 18,000,000.00
Cash and cash equivalents N/A 414,000,000.00 1,021,000,000.00 683,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 0.00 25,000,000.00 0.00
Current Derivative Financial Assets N/A 99,000,000.00 32,000,000.00 145,000,000.00
Current Finance Lease Receivables N/A 317,000,000.00 339,000,000.00 1,725,000,000.00
Equity And Liabilities N/A 11,085,000,000.00 13,211,000,000.00 15,889,000,000.00
Equity 3,613,000,000.00 3,462,000,000.00 3,537,000,000.00 4,914,000,000.00
Issued Capital N/A 58,000,000.00 51,000,000.00 48,000,000.00
Retained Earnings N/A 1,811,000,000.00 1,910,000,000.00 2,179,000,000.00
Share Premium N/A 1,034,000,000.00 1,034,000,000.00 1,007,000,000.00
Treasury Shares N/A 51,000,000.00 69,000,000.00 42,000,000.00
Other Reserves N/A -296,000,000.00 -347,000,000.00 204,000,000.00
Equity Attributable To Owners Of Parent N/A 2,556,000,000.00 2,579,000,000.00 3,397,000,000.00
Noncontrolling Interests N/A 905,000,000.00 957,000,000.00 1,517,000,000.00
Noncurrent Liabilities N/A 5,050,000,000.00 6,476,000,000.00 7,371,000,000.00
Noncurrent Provisions N/A 248,000,000.00 235,000,000.00 309,000,000.00
Deferred Tax Liabilities N/A 37,000,000.00 19,000,000.00 38,000,000.00
Noncurrent Derivative Financial Liabilities N/A 277,000,000.00 162,000,000.00 25,000,000.00
Other Noncurrent Liabilities N/A 101,000,000.00 132,000,000.00 127,000,000.00
Current Liabilities N/A 2,574,000,000.00 3,198,000,000.00 3,603,000,000.00
Current Provisions N/A 128,000,000.00 149,000,000.00 178,000,000.00
Trade And Other Current Payables N/A 1,033,000,000.00 1,111,000,000.00 1,501,000,000.00
Current Tax Liabilities Current N/A 43,000,000.00 40,000,000.00 41,000,000.00
Current Derivative Financial Liabilities N/A 134,000,000.00 126,000,000.00 192,000,000.00
Line item in (usd) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 3,496,000,000.00 3,747,000,000.00 4,913,000,000.00
Interest Revenue Calculated Using Effective Interest Method 504,000,000.00 486,000,000.00 530,000,000.00
Revenue From Contracts With Customers 2,992,000,000.00 3,262,000,000.00 4,383,000,000.00
Profit Loss From Operating Activities 605,000,000.00 734,000,000.00 1,020,000,000.00
Finance Income 9,000,000.00 3,000,000.00 12,000,000.00
Finance Costs 265,000,000.00 304,000,000.00 385,000,000.00
Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 24,000,000.00 -12,000,000.00 -15,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 17,000,000.00 110,000,000.00 12,000,000.00
Profit Loss Before Tax 366,000,000.00 543,000,000.00 660,000,000.00
Income Tax Expense Continuing Operations 38,000,000.00 71,000,000.00 104,000,000.00
Profit (loss) 327,000,000.00 472,000,000.00 555,000,000.00
Profit Loss Attributable To Owners Of Parent 191,000,000.00 400,000,000.00 450,000,000.00
Profit Loss Attributable To Noncontrolling Interests 137,000,000.00 72,000,000.00 105,000,000.00
Line item in (usd) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) 327,000,000.00 472,000,000.00 555,000,000.00
Adjustments For Decrease Increase In Inventories -135,000,000.00 128,000,000.00 -10,000,000.00
Adjustments For Depreciation And Amortisation Expense 320,000,000.00 112,000,000.00 85,000,000.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 117,000,000.00 -23,000,000.00 105,000,000.00
Adjustments For Provisions 103,000,000.00 24,000,000.00 142,000,000.00
Adjustments For Sharebased Payments 27,000,000.00 27,000,000.00 19,000,000.00
Other Adjustments For Noncash Items -123,000,000.00 0.00 N/A
Cash Flows From Used In Operating Activities -128,000,000.00 -755,000,000.00 -1,049,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 0.00 25,000,000.00 34,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 41,000,000.00 14,000,000.00 41,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities 29,000,000.00 47,000,000.00 41,000,000.00
Interest Received Classified As Investing Activities 5,000,000.00 1,000,000.00 9,000,000.00
Cash Flows From Used In Investing Activities -17,000,000.00 5,000,000.00 67,000,000.00
Payments To Acquire Or Redeem Entitys Shares 165,000,000.00 178,000,000.00 0.00
Proceeds From Borrowings Classified As Financing Activities 1,290,000,000.00 3,765,000,000.00 1,536,000,000.00
Dividends Paid Classified As Financing Activities 233,000,000.00 292,000,000.00 217,000,000.00
Interest Paid Classified As Financing Activities 228,000,000.00 340,000,000.00 252,000,000.00
Cash Flows From Used In Financing Activities 50,000,000.00 1,359,000,000.00 646,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -95,000,000.00 609,000,000.00 -335,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 5,000,000.00 -2,000,000.00 -3,000,000.00
Cash and cash equivalents 414,000,000.00 1,021,000,000.00 683,000,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Short Interest


Current short interest

Position Holder Short Interest in Percent Date
JPMorgan Asset Management (UK) Ltd. 0.65% 10.01.23
AQR Capital Management, LLC 0.50% 31.08.23
Total 1.15%

Capital markets information

ISIN

NL0000360618

LEI

549300RDGCRYZ5QE6513

Sector

Energy

Industry Group

Energy

Industry

Energy Equipment & Services

Sub-Industry

Oil & Gas Equipment & Services

Listed Stock Exchange

Euronext Amsterdam

Main Stock Exchange

Contact Investor Relations department

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