Quarterly results

1st Quarter 2018 financial information

Adjusted revenue for the 1^st quarter 2018 amounted to €171 million (consolidated revenue was €157.6 million), down 13.2% compared to the 4^th quarter 2017, impacted by the reduced activity in Subsea Services.

BOURBON Annual & 4th Quarter 2017 Revenues

2017 adjusted revenue totaled €860.6 million (consolidated revenue €793.6 million), down 21.9% from 2016 (-21.3% at constant rates), reflecting a market that remained challenging.
Activity stabilized in the 4^th quarter with adjusted revenue of €196.9 million, compared with €204.3 million in the previous quarter.

BOURBON Financial information Q3 and 9 months 2017

Please note: Revenue in the title of the release should be read adjusted revenue.

Adjusted revenue for the 3^rd quarter was down 12.7% (-9.2% at constant rates) compared to the 2^nd quarter of 2017, still impacted by sluggish activity and strong pressure on rates, despite a few positive signs

BOURBON 1st Quarter 2017 financial information

Adjusted revenues amounted to €225.5 million (€204.9 million in consolidated revenues) in the 1^st quarter of 2017, down 7.7% from the 4^th quarter of 2016 and 28.3% year on year

BOURBON Annual & 4th Quarter 2016 Revenues

Adjusted revenues reached €1.1 billion in 2016, a decrease of 23.3% compared with 2015 in a strongly declining market
The decline in adjusted revenues was limited to 5.7% in the 4^th quarter compared with previous quarter; adjusted revenues amounted to €244.4 million 

BOURBON Financial information Q3 and 9 months 2016

Adjusted revenues for the first 9 months amounted to €858.2 million, down 22.2%; 3^rd quarter adjusted revenues down 9% compared with previous quarter

BOURBON 2nd Quarter and 1st Half 2016 Revenues

The impact of the oil market cycle reaching its bottom is felt in BOURBON 1^st Half 2016 adjusted revenues of €599.2 million, a 21.0% decline year on year and 11.7% reduction compared to 2^nd half 2015 (both at current rates)

BOURBON 1st Quarter 2016 financial information

In the 1^st quarter 2016, BOURBON adjusted revenues reached €314.5 million (-5.9% compared with 4^th quarter 2015), illustrating the strong resilience in a market that is still declining

BOURBON Annual & 4th Quarter 2015 Revenues

Adjusted annual revenues increased 1.1% to €1,437 million at current rates, remained resilient during the prolonged oil industry downturn

BOURBON financial information Q3 and 9 months 2015

Adjusted revenues for first 9 months maintained their resilience with an increase of 6.8% to €1,103 million at current rates (-5.5% at constant rates) in a difficult offshore market