Q2 revenue 9.14 bln eur, up 13% (Il Sole 24 Ore Radiocor) - New York, 19 Jul - The US oilfield services group SLB said that in the second quarter of 2024 earnings per share totalled 0.77 dollars, up 4% sequentially and 7% year on year, while adjusted EPS, excluding charges and credits, reached 0.85 dollars, up 13% sequentially and 18% year on year.

Revenue stood at 9.14 billion dollars, increasing 5% sequentially and 13% from the previous year.

Adjusted EBITDA amounted to 2.29 billion dollars, up 11% sequentially and 17% year on year.

Cash flow from operations was 1.44 billion dollars and free cash flow was 776 million.

Looking ahead to the second half of the year, we expect ongoing momentum in the international markets, strong digital sales, and our cost efficiency programs will enable us to expand margins and deliver our ambition to grow full-year adjusted EBITDA in the mid-teens," said the CEO, Olivier Le Peuch.

'Beyond 2024, the fundamentals of this cycle remain in place, and there is a long tailwind of growth opportunities, including long-cycle gas and deepwater projects, production and recovery activity, and the secular trends of digital and decarbonization. This represents a strong backdrop to continue our margin expansion and cash generation journey.".

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(RADIOCOR) 19-07-24 19:13:38 (0533) 5 NNNN