1st Quarter 2018 financial information
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.
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 4th 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 3rd quarter was down 12.7% (-9.2% at constant rates) compared to the 2nd 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 1st quarter of 2017, down 7.7% from the 4th 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 4th 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%; 3rd 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 1st Half 2016 adjusted revenues of €599.2 million, a 21.0% decline year on year and 11.7% reduction compared to 2nd half 2015 (both at current rates)
BOURBON 1st Quarter 2016 financial information
In the 1st quarter 2016, BOURBON adjusted revenues reached €314.5 million (-5.9% compared with 4th 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