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 4th quarter compared with previous quarter; adjusted revenues amounted to €244.4 million
Appointment of Astrid de Bréon as Chief Financial Officer
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 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 1st half 2015
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)
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.