BOURBON 2017 Annual Results
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 provisions for asset impairment and non-recurring expenses, €167.2...
BOURBON accelerates its transformation to be ready for the announced recovery
BOURBON presents its new strategic action plan #BOURBONINMOTION.
BOURBON accelerates its transformation to be ready for the announced recovery.
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.
Digitalization of BOURBON’s vessel operations: Strategic partnership with Bureau Veritas
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’s Executive team evolution
BOURBON 1st Half 2017 results
Performance still largely impacted by a continuously challenging Offshore oil and gas services market
Sustainable reorganization of the major part of the financial debt
Development of tomorrow’s energy: BOURBON completes the mooring installation of the first floating wind turbine in France
Result of the option to receive the 2016 dividend in shares