Press releases

BOURBON Full Year 2016

Results strongly impacted by an unprecedented crisis in offshore oil and gas services

Sustainable reorganization of the major part of the financial debt

BOURBON announces a sustainable reorganization of the major part of its financial debt, i.e. €910.8 million, under the “Stronger for longer” action plan.

BOURBON awarded first pipelay EPCI contract by Total Gabon

BOURBON awarded first pipelay EPCI* contract by Total Gabon for the subsea development of the Hylia project.

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 

Appointment of Astrid de Bréon as Chief Financial Officer

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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 1st Half 2016 Results

In an Offshore services market that reached a low point, BOURBON achieved a solid adjusted EBITDAR, even though it declined 21% compared with the 1^st half 2015

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)

Result of the option to receive the 2015 dividend in shares

Combined Annual Shareholders’ Meeting of May 26, 2016

The Combined General Meeting of BOURBON shareholders was held on May 26, 2016 in Paris, chaired by Mr. Jacques de Chateauvieux.