SBM Offshore anticipates more contracts for 2019

Dutch SBM Offshore is back in plus after a 2018 in which the company also was able to slash half a billion US dollars from its debt. 2019 promises more projects and increasing demand, says the CEO.

Photo: BM Offshore

SBM Offshore is back in plus and the Dutch company's CEO anticipates an improved market this year.

Revenue increased to USD 2.2 billion in 2018 from USD 1.8 billion in 2017 while the bottom line skyrocketed upwards to USD 212 million, a significant improvement on 2017's USD 155 million deficit says the report.

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