4th quarter and annual revenues 2011
2011 revenues top 1 billion euros up 18.6% in 12 months in line with the objectives of the “BOURBON 2015 Leadership Strategy” plan.
BOURBON makes a commitment to work with the rural people of Cameroon
Under a three-year partnership, the Group is participating in a training program for Cameroonian youth aimed at helping them to start viable businesses in rural areas.
JACCAR Holdings rises above the threshold of 25% of the capital
JACCAR Holdings rises above the threshold of 25% of the capital stock of BOURBON.
BOURBON optimizes Class Dockings for its vessels with new organization Bourbon Docking
Located in Dubai, this new organization will strengthen BOURBON’s vessel maintenance program, allowing the Group to reach its 2015 target rate of 95% vessel availability.
BOURBON expands its activities in Russia
BOURBON opens a new affiliate in Saint Petersburg, Bourbon Baltic, which will provide clients with first-class ship management resources.
It complements BOURBON’s current operations in Sakhalin.
BOURBON strengthens its positions in offshore wind
BOURBON strengthens its positions in offshore wind by installing an innovative structure off the coast of Portugal.
BOURBON has installed a semi-submersible wind turbine. This groundbreaking project confirms the Group’s capacity to adapt to specific client demands by customizing its service offering.
Third Quarter 2011 revenues
Revenue up + 17% over 9 months in line with the objectives of the BOURBON 2015 Leadership Strategy.
Significant increase in daily rates in the quarter follows previous quarter’s upturn in utilization rates.
The Abeille Languedoc arrives in Boulogne-sur-Mer
Chartered by the French Navy for the Maritime Prefecture of the Channel and the North Sea, the response, assistance and salvage tug will ensure safety on this maritime zone.
Bourbon Front, a next-generation supply vessel
Bourbon Front, a BOURBON next-generation supply vessel, on its way to North Sea. Efficient design choice through maximum cargo flexibility, wet exhaust system, inverted bow and diesel-electric propulsion to provide client satisfaction.
First Half 2011 results
Significant recovery in activity: +18.8%.
Sharp increase in EBITDA (+19.3% sequentially) to 142.1 million euros.
Net loss, Group share of 21.4 million euros owing to the change in the dollar exchange rates, generating 30.5 million euros in net financial expenses.