SBM Offshore NV ( (NL:SBMO) ) has issued an announcement.
SBM Offshore N.V. has provided an update on its EUR130 million share repurchase program, which aims to reduce share capital and support management and employee share programs. As of March 26, 2025, the program is 90.28% complete, with a cumulative repurchase amount of EUR117.37 million. This strategic move is expected to enhance shareholder value and strengthen the company’s financial position.
More about SBM Offshore NV
SBM Offshore is a leading expert 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 and exploring new markets within the blue economy, with a focus on sustainable development and ocean protection.
YTD Price Performance: 18.31%
Average Trading Volume: 52,272
Technical Sentiment Signal: Sell
Current Market Cap: €3.47B
Learn more about SBMO stock on TipRanks’ Stock Analysis page.