SBM Offshore struck an optimistic tone in its results for 2018, which saw the company increase its profit by 41%, double its dividend and reveal a new $1bn financing agreement.
A €175m ($200m) share repurchase programme was also launched today by the FPSO specialist.
The share repurchase programme, which will be completed by the end of 2019, will reduce SBM’s share capital and provide stock for regular management and employee share programmes.
