Press releases
BOURBON Corporation announces the resignation of Astrid de Bréon from her position as Chief Financial Officer from this day. Since her arrival on the 1st of February, 2017, Astrid de Bréon has largely contributed to BOURBON’s transformation and to…
BOURBON announces having signed a general waiver with its leasers and debt holders representing the majority of its debt, thus allowing the group to withhold the payments of its loans and the servicing of its debt. Aimed at protecting the group,…
Adjusted revenue for the 1st quarter 2018 amounted to €171 million (consolidated revenue was €157.6 million), down 13.2% compared to the 4th quarter 2017, impacted by the reduced activity in Subsea Services.
The 1st quarter 2018 reflected a…
BOURBON has been awarded the “Shipowner of the Year” award in the context of the GST & Shipping2030 conference, which was held at the end of March 2018 in Copenhagen. This award recognizes the “Smart Shipping” program that is being deployed by…
As announced in its annual results press release dated March 15, 2018, BOURBON has initiated discussions with its main financial partners, both in France and abroad, in order to balance the servicing of its debt with the expected gradual market…
The holders of Undated Deeply Subordinated Fixed to Floating Rate Bonds (the “Bonds” and the “Bondholders”) issued by the company under an initial issuance for a total principal amount of €100 million on October 24, 2014 and a second issuance of…
At its meeting held on March 14, 2018, the Board of Directors of BOURBON Corporation decided, upon proposal of the Executive Chairman and opinion of the Nominating, Compensations and Governance Committee, to separate the functions of Chairman of the…
Results that reflect a third year of cyclical downturn and a sharp increase in free cash flow
• Free cash flow rose to €127.8 million, up from €64.7 million in 2016
• Net income, group share stood at -€576.3 million, including €277 million in…
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 4th quarter with adjusted revenue of €196.…
This partnership is part of BOURBON’s Smart shipping program, which seeks to optimize safety and reliability of vessels operations at optimum costs
First application of the partnership will be real-time verification of the dynamic positioning (DP…
