Press releases

Co-option of Adeline Challon-Kemoun to the Board of Directors of BOURBON Corporation

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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