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Bourbon Corporation SA (GPBN.PA)

GPBN.PA on Paris Stock Exchange

5.72EUR
18 May 2018
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Latest Key Developments (Source: Significant Developments)

Bourbon Q1 Adjusted Revenue Down 13.3 Pct To 171 Million Euros Versus Q4
Thursday, 3 May 2018 

May 3 (Reuters) - Bourbon Corporation SA ::BOURBON CORPORATION SA - 1(ST) QUARTER 2018 REFLECTED A CHALLENGING OFFSHORE SERVICES MARKET.BOURBON - ADJUSTED REVENUE FOR 1(ST) QUARTER 2018 AMOUNTED TO EUR 171 MILLION (CONSOLIDATED REVENUE WAS EUR 157.6 MILLION), DOWN 13.2% COMPARED TO 4(TH) QUARTER.BOURBON CORPORATION SA - INVESTMENT GROWTH IN OFFSHORE SECTOR IS EXPECTED TO BE VERY GRADUAL IN 2019.BOURBON CORPORATION SA - PRICES WILL BE HELD DOWN BY VESSEL OVERCAPACITY IN PSV AND AHTS SEGMENTS.  Full Article

Bourbon Corporation Announces Strategic Partnership With Bureau Veritas
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - BOURBON CORPORATION SA ::REG-BOURBON: DIGITALIZATION OF BOURBON'S VESSEL OPERATIONS - STRATEGIC PARTNERSHIP WITH BUREAU VERITAS.BUREAU VERITAS IS PROVIDING CLASSIFICATION OF CONNECTIVITY SYSTEMS.‍BOTH PARTNERS ARE ALSO ADDRESSING TOGETHER CYBER SECURITY ISSUES​.‍FIRST APPLICATION OF PARTNERSHIP WILL BE REAL-TIME VERIFICATION OF DYNAMIC POSITIONING (DP) OPERATIONS OF BOURBON FLEET​.  Full Article

Bourbon Q3 total adjusted revenue down at 204.3 million euros
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - BOURBON CORPORATION SA ::Q3 NUMBER OF VESSELS (FTE) ‍ 489 VERSUS 491 YEAR AGO.Q3 AVERAGE UTILIZATION RATE ‍​52.9 PERCENT VERSUS 59.9 PERCENT YEAR AGO.Q3 AVERAGE DAILY RATE $ ‍8,668 VERSUS $9,494 YEAR AGO.Q3 TOTAL ADJUSTED REVENUE EUR‍​ 204.3 MILLION VERSUS EUR 259.1 MILLION YEAR AGO.  Full Article

Bourbon joins Automated Ships Ltd and Kongsberg to deliver autonomous offshore support vessel prototype
Tuesday, 11 Jul 2017 

July 11 (Reuters) - BOURBON CORPORATION SA ::REG-BOURBON JOINS AUTOMATED SHIPS LTD AND KONGSBERG TO DELIVER GROUNDBREAKING AUTONOMOUS OFFSHORE SUPPORT VESSEL PROTOTYPE.‍BOURBON HAS ENTERED INTO A MEMORANDUM OF UNDERSTANDING (MOU) WITH AUTOMATED SHIPS LTD​.‍MOU TO SUPPORT BUILDING OF PROTOTYPE VESSEL FOR OFFSHORE OPERATIONS, IN COLLABORATION WITH PROJECT'S PRIMARY TECHNOLOGY PARTNER, KONGSBERG​.  Full Article

Bourbon FY net loss widens to 263.0 million euros
Thursday, 16 Mar 2017 

Bourbon Corporation SA : FY number of vessels (FTE) 512.3 versus 503.0 year ago . FY average utilization rate 62.7 percent versus 75.5 percent year ago . FY adjusted EBITDA 193.3 million euros ($207.43 million)versus 371.3 million euros year ago . FY net loss 263.0 million euros versus loss of 43.4 million euros year ago . FY average daily rate $/day 9,586 versus 11,381 $/day year ago . Expects a recovery prospect for the offshore at the end of 2017 and in 2018 . Expects the deep offshore and offshore continental ships to continue to experience the effects of a low cycle in 2017 .Proposal from the board of directors to the shareholders meeting to pay a dividend of 0.25 euros per share, payable in cash or shares.  Full Article

Bourbon H1 adjusted revenue falls to 599.2 million euros
Wednesday, 3 Aug 2016 

Bourbon SA : H1 adjusted revenue 599.2 million euros ($671.82 million)versus 758.8 million euros year ago . H1 number of vessels (FTE) 511.3 versus 500.6 year ago . H1 average daily rate $ 9,961 versus $11,885 year ago .H1 average utilization rate 66.8 percent versus 78.1 percent year ago.  Full Article