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Petrofac Facilities Management pays £569,157 for breaching Russia sanctions

Petrofac Facilities Management paid £569,157 in a compound settlement to HM Revenue and Customs for supplying sanctioned industrial goods and providing related technical assistance to individuals connected to Russia during 2022–23 while winding down its Russian operations. The company self‑reported and cooperated with HMRC, which has publicly named it — the first such disclosure — signaling a tougher, more transparent approach to sanctions enforcement. » More on finance.yahoo.com
Petrofac files for administration after losing major offshore wind contract

Petrofac has applied for administration for its ultimate holding company after TenneT cancelled a major offshore wind contract, a move the group says makes a previously planned solvent restructuring undeliverable. The firm, which has about 7,300 employees globally and around 2,000 staff in Scotland, faces potential job losses and debts reported near $4bn. Petrofac said trading will continue during the administration, while the UK arm remains operational and the government is coordinating support for UK operations. The decision casts doubt over parts of the business, though the UK unit could attract buyers. » More on theguardian.com
TenneT termination causes Petrofac's restructuring plan to fail

TenneT has terminated Petrofac's scope of services for the 2-GW program with immediate effect, after which Petrofac's restructuring plan in its current form was abandoned. The board is reviewing alternative options and is in close contact with creditors and stakeholders. Petrofac continues to stress its focus on client support and maintaining operational capability; share trading remains suspended because the audited 2024 annual accounts are still outstanding. » More on de.investing.com

Historical dividends Dividends

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In 2019, PETROFAC has already paid 0,26€ in dividends. The last payout was in October 2019.

Financials

In the last year, PETROFAC had revenue of 2.26b€ and net profit of −456.83m€

(EUR)	2023	YoY
Revenue	+2.26b	6,52%
Gross profit	−170.07m	140,03%
Net profit	−456.83m	45,41%
EBITDA	−293.09m	118,33%

Fundamentals

Metric	Value
Market capitalization	+24.21m€
Number of shares	522.08m
52-week high/low	+0,32€ - +0,00123€
Dividends	No
Beta	0,62
P/E ratio	−0,06
PEG ratio	0,00
P/B ratio	−0,07
P/S ratio	+0,01

Company profile

Petrofac Limited plant, baut, verwaltet und unterhält Infrastrukturen für die Energiewirtschaft in Großbritannien, Algerien, Thailand, Oman, Kuwait, Irak, den Vereinigten Arabischen Emiraten, den Niederlanden und international. Das Unternehmen ist in drei Segmenten tätig: Engineering & Construction (E&C); Asset Solutions; und Integrated Energy Services (IES). Das Segment E&C bietet Dienstleistungen in den Bereichen Onshore- und Offshore-Technik, Beschaffung, Bau, Installation und Inbetriebnahme an. Das Segment Asset Solutions bietet Konzept-, Machbarkeits- und Front-End-Engineering-Dienstleistungen sowie Management und Wartung von Onshore- und Offshore-Anlagen. Das Segment IES bietet integrierte Dienstleistungen für Kunden im Rahmen flexibler Geschäftsmodelle, die auf deren Anforderungen abgestimmt sind. Petrofac Limited wurde 1981 gegründet und hat seinen Sitz in St. Helier, Jersey.