The latest announcement is out from SBM Offshore NV ( (NL:SBMO) ).
SBM Offshore announced the details of its EUR130 million share repurchase program, aimed at reducing share capital and supporting management and employee share programs. As of February 26, 2025, the company has completed 83.16% of the program, with a cumulative repurchase amount of EUR108.1 million, reflecting its ongoing commitment to enhancing shareholder value.
More about SBM Offshore NV
SBM Offshore is a global leader in deepwater ocean infrastructure, specializing in the design, construction, installation, and operation of offshore floating facilities. The company is committed to advancing cleaner and more efficient energy production, while exploring new markets within the blue economy, with a workforce of over 7,800 employees worldwide.
YTD Price Performance: 19.18%
Average Trading Volume: 34,139
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.42B
For a thorough assessment of SBMO stock, go to TipRanks’ Stock Analysis page.