BOURBON: Financial information 3rd quarter and 9 months 2017
(Thomson Reuters ONE) -
Paris, November 9, 2017
BOURBON Financial information 3(rd) quarter and 9 months 2017
Revenue for the 3(rd) quarter was down 12.7% (-9.2% at constant rates) compared
to the 2(nd) quarter of 2017, still impacted by sluggish activity and strong
pressure on rates, despite a few positive signs
* In the Deepwater offshore and Shallow water offshore segments, customer
willingness to launch exploration projects and renew medium and long-term
contracts should be underlined. This is reflected in a slight increase in
activity (average utilization rates up 2 points) although rates are still
declining.
* The Crew boats segments remained resilient, impacted by the monsoon
seasonality in West Africa.
* Revenue from the Subsea activity fell 23.1% compared to the 2(nd) quarter of
2017, mainly impacted by a lower number of turnkey projects.
+---------------------------------+-----------------------+
| Quarter | 9 months |
+-------+-------+---------+-------+------+------+---------+
|Q3 2017|Q3 2016| Var |Q2 2017| 2017 | 2016 | Var |
| | |2017/2016| | | |2017/2016|
+--------------------+-------+-------+---------+-------+------+------+---------+
|Adjusted Revenues | | | | | | | |
|((a)) | | | | | | | |
| | | | | | | | |
|Marine Services | 149.1 | 203.2 | -26.6% | 162.3 |476.2 |681.1 | -30.1% |
| | | | | | | | |
|Deepwater offshore | 59.9 | 81.4 | -26.4% | 68.3 |197.0 |264.2 | -25.4% |
|vessels | | | | | | | |
| | | | | | | | |
|Shallow water | 37.8 | 60.9 | -38.0% | 39.1 |114.0 |229.1 | -50.2% |
|offshore vessels | | | | | | | |
| | | | | | | | |
|Crew boats | 51.4 | 60.8 | - 15.5% | 55.0 |165.2 |187.8 | -12.0% |
| | | | | | | | |
|Subsea Services | 52.1 | 50.0 | +4.3% | 67.8 |176.5 |160.8 | +9.8% |
| | | | | | | | |
|Others | 3.0 | 5.9 | -49.1% | 3.8 | 11.0 | 16.3 | -32.6% |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Total adjusted | 204.3 | 259.1 | -21.2% | 234.0 |663.7 |858.2 | |
|revenues | | | -17.7% | | | | -22.7% |
|(change at constant | | | | | | | -22.8% |
|rates) | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|IFRS 11 impact*** |(11.9) |(19.4) | |(19.2) |(51.7)|(62.0)| |
+--------------------+-------+-------+---------+-------+------+------+---------+
|GROUP TOTAL | 192.4 | 239.7 | -19.7% | 214.7 |612.1 |796.2 | -23.1% |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Average utilization | 53.4% | 59.7%|-6.3 pts | 53.3%|53.7% | 64.4%|-10.7 pts|
|rate | 62.2% | 66.4%|-4.2 pts | 60.3%|61.1% | 71.0%|-9.9 pts |
|Deepwater | 42.1% | 53.1%|-11.0 pts| 40.0%|39.2% | 62.3%|-23.1 pts|
|Shallow water | 63.4% | 57.0%|+6.4 pts | 65.7%|62.2% | 55.1%|+7.1 pts |
|Subsea | 55.1% | 61.1%|-6.0 pts | 56.4%|57.6% | 64.1%|-6.5 pts |
|Crew boats | | | | | | | |
| | | | | | | | |
| | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Average daily rate | 8,668 | 9,494 | -8.7% | 9,075 |8,897 |9,829 | -9.48% |
|(US$/j) | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
"Our customers have recovered some margin for maneuver but this is not yet
reflected in Offshore activity. We believe that we have reached the low point of
the cycle, however recovery will be slow. Our policy of operational excellence,
cost control and cash preservation remains key in meeting the requirements of
our customers," declares Gaël Bodénès, Chief Executive Officer of BOURBON
Corporation.
"More than ever, BOURBON must transform in order to respond to this new cycle
focused on operational excellence at optimum cost".
(a) Adjusted data:
The adjusted financial information is presented by activity and by segment based
on the internal reporting system and shows internal segment information used by
the principal operating decision maker to manage and measure the performance of
BOURBON (IFRS 8). The internal reporting (and thus the adjusted financial
information) records the performance of operational joint ventures on which the
group has joint control using the full integration method. Adjusted comparative
figures are restated accordingly.
MARINE SERVICES
+----------------------------------+---------------------+
| Quarter | 9 months |
+-------+-------+----------+-------+-----+-----+---------+
|Q3 2017|Q3 2016| Var |Q2 2017|2017 | 2016| Var |
| | |2017/2016 | | | |2017/2016|
+---------------------+-------+-------+----------+-------+-----+-----+---------+
|Adjusted Revenues (in| 149.1 | 203.2 | -26.6% | 162.3 |476.2|681.1| -30.1% |
|? millions) | | | | | | | |
+---------------------+-------+-------+----------+-------+-----+-----+---------+
|Number of vessels | 489 | 491 |-2 vessels| 490 | 491 | 491 | - |
|(end of period)* | | | | | | | |
+---------------------+-------+-------+----------+-------+-----+-----+---------+
|Average utilization | 52.9% | 59.9% | -7.0 pts | 52.7 |53.3%|64.9%|-11.6 pts|
|rate | | | | | | | |
+---------------------+-------+-------+----------+-------+-----+-----+---------+
* Vessels operated by BOURBON (including vessels owned or on bareboat
charter).
The Marine Services business recorded an 8.1% decrease in its adjusted revenues
compared to the 2(nd) quarter of 2017, mainly impacted by the renewal of the
last long-term contracts at new market rates in the Deepwater offshore segment
and seasonal trends in the Crew boats activity. Utilization rates improved
compared with the previous quarter in Deepwater offshore and Shallow water
offshore but pressure on daily rates remains strong, mainly due to the vessel
overcapacity in these 2 segments.
Marine Services: Deepwater offshore vessels
+---------------------------------+-----------------------+
| Quarter | 9 months |
+-------+-------+---------+-------+------+------+---------+
|Q3 2017|Q3 2016| Var |Q2 2017| 2017 | 2016 | Var |
| | |2017/2016| | | |2017/2016|
+--------------------+-------+-------+---------+-------+------+------+---------+
|Adjusted Revenues | 59.9 | 81.4 | -26.4% | 68.3 |197.0 |264.2 | -25.4% |
|(in ? millions) | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Number of vessels | 89 | 89 | - | 89 | 89 | 89 | - |
|(end of period)* | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Average utilization | 62.2% | 66.4% |-4.2 pts | 60.3% |61.1% |71.0% |-9.9 pts |
|rate | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Average daily rate |13,781 |16,492 | -16.4% |14,863 |14,687|16,939| -13.3% |
|(US$/day) | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
* Vessels operated by BOURBON (including vessels owned or on bareboat charter).
Adjusted revenues for the Deepwater offshore segment were mainly impacted by
lower average daily rates and the end of contracts for several vessels in West
Africa. The recovery of drilling activity was nevertheless confirmed, with
stable average utilization rates over 3 quarters.
Marine Services: Shallow water offshore vessels
+----------------------------------+-----------------------+
| Quarter | 9 months |
+-------+-------+----------+-------+-----+------+----------+
|Q3 2017|Q3 2016| Var |Q2 2017|2017 | 2016 | Var |
| | |2017/2016 | | | |2017/2016 |
+-------------------+-------+-------+----------+-------+-----+------+----------+
|Adjusted Revenues | 37.8 | 60.9 | -38.0% | 39.1 |114.0|229.1 | -50.2% |
|(in ? millions) | | | | | | | |
+-------------------+-------+-------+----------+-------+-----+------+----------+
|Number of vessels | 131 | 133 |-2 vessels| 132 | 131 | 133 |-2 vessels|
|(end of period)* | | | | | | | |
+-------------------+-------+-------+----------+-------+-----+------+----------+
|Average utilization| 42.1% | 53.1% |-11.0 pts | 40.0% |39.2%|62.3% |-23.1 pts |
|rate | | | | | | | |
+-------------------+-------+-------+----------+-------+-----+------+----------+
|Average daily rate | 8,371 |10,365 | -19.2% | 8,749 |8,856|11,061| -20.0% |
|(in US$/day) | | | | | | | |
+-------------------+-------+-------+----------+-------+-----+------+----------+
* Vessels operated by BOURBON (including vessels owned or on bareboat charter).
In Shallow water offshore, utilization rates were slightly up, as they have been
since the 1(st) quarter of 2017. Several vessels were reactivated during the
quarter in order to serve medium and long-term contracts. However, as daily
rates continued to be driven downward, adjusted revenues showed a 3.4% quarter
on quarter reduction.
Marine Services: Crew boat vessels
+---------------------------------+---------------------+
| Quarter | 9 months |
+-------+-------+---------+-------+-----+-----+---------+
|Q3 2017|Q3 2016| Var |Q2 2017|2017 |2016 | Var |
| | |2017/2016| | | |2017/2016|
+----------------------+-------+-------+---------+-------+-----+-----+---------+
|Adjusted Revenues (in | 51.4 | 60.8 | -15.5% | 55.0 |165.2|187.8| -12.0% |
|? millions) | | | | | | | |
+----------------------+-------+-------+---------+-------+-----+-----+---------+
|Number of vessels (end| 269 | 269 | - | 269 | 269 | 269 | - |
|of period) | | | | | | | |
+----------------------+-------+-------+---------+-------+-----+-----+---------+
|Average utilization | 55.1% | 61.1% |-6.0 pts | 56.4 |57.6%|64.1%|-6.5 pts |
|rate | | | | | | | |
+----------------------+-------+-------+---------+-------+-----+-----+---------+
|Average daily rate (in| 4,453 | 4,473 | -0.4% | 4,393 |4,427|4,477| -1.1% |
|US$/day) | | | | | | | |
+----------------------+-------+-------+---------+-------+-----+-----+---------+
Adjusted revenues for the Crew boats segment were down 6.5% compared with the
2(nd) quarter of 2017, impacted by a seasonal slowdown in activity, the renewal
of several contracts at lower daily rates and movements of FSIV (Fast Support
Intervention Vessels) between different regions to meet new contracts beginning
at the end of this quarter.
Overall segment activity was stable with slightly lower utilization rates (-
1.3%) compared with the 2(nd) quarter of 2017 and price levels up since the
1(st) quarter of 2017. Demand remains strong for large Crew boats, representing
an economic alternative to helicopter transportation.
Subsea Services
+---------------------------------+-----------------------+
| Quarter | 9 months |
+-------+-------+---------+-------+------+------+---------+
|Q3 2017|Q3 2016| Var |Q2 2017| 2017 | 2016 | Var |
| | |2017/2016| | | |2017/2016|
+--------------------+-------+-------+---------+-------+------+------+---------+
|Adjusted Revenues | 52.1 | 50.0 | +4.3% | 67.8 |176.5 |160.8 | +9.8% |
|(in ? millions) | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Number of vessels | 22 | 22 | - | 22 | 22 | 22 | - |
|(end of period)* | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Average utilization | 63.4% | 57.0% |+6.4 pts | 65.7% |62.2% |55,1% |+7.1 pts |
|rate | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
|Average daily rate |34,304 |37,182 | -7.7% |37,976 |36,649|40,001| -8.4% |
|(in US$/day) | | | | | | | |
+--------------------+-------+-------+---------+-------+------+------+---------+
* Vessels operated by BOURBON (including vessels owned or on bareboat
charter).
Adjusted revenues for the Subsea Services activity were down 23.1% compared with
the 2(nd) quarter of 2017, mainly impacted by a lower number of turnkey projects
and the slowdown in contractors' activity. Utilization rates remained stable
overall in a very competitive environment reflected in the level of daily rates.
The IMR (Inspection, Maintenance & Repair) business remained stable.
BOURBON Subsea Services continues to pursue its diversification strategy with
its partners in regions of operation, such as the Persian Gulf, Asia, West
Africa and Central America.
Other
+---------------------------------+-------------------+
| Quarter | 9 months |
+-------+-------+---------+-------+----+----+---------+
|Q3 2017|Q3 2016| Var |Q2 2017|2017|2016| Var |
| | |2017/2016| | | |2017/2016|
+------------------------+-------+-------+---------+-------+----+----+---------+
|Adjusted Revenues (in ? | 3.0 | 5.9 | -49.1% | 3.8 |11.0|16.3| -32.6% |
|millions) | | | | | | | |
+------------------------+-------+-------+---------+-------+----+----+---------+
Activities included are those that do not fit into either Marine Services or
Subsea Services. For the most part, they correspond to the results of various
ship management and logistics activities and to the cement carrier Endeavor,
which was sold in July 2017.
OUTLOOK
The improvement in the oil companies' financial positions has not yet been
reflected in a generalized recovery of their investments and thus by an increase
in the activity of our Offshore services market. Customers wish to continue to
operate at optimum price levels in order to carry on sanctioning Offshore
projects in competition with Onshore projects and shale oil in particular.
Recovery is expected to be slow and the Deepwater offshore and Shallow water
offshore segments will continue to be affected by vessel overcapacity throughout
2018 in all geographical regions, although some signs of improvement will be
seen at local level. Utilization rates should continue to resist in the Crew
boats and Subsea segments.
Facing this "new normal", BOURBON must pursue the radical change of its business
model and its efforts to streamline operations, reduce costs and preserve cash.
To meet the competitiveness needs of our Offshore business and the new
requirements of our customers, we have to respond to the down cycle that is
metamorphosing the face of our industry and offer modern vessels, teams capable
of providing service excellence, as well as new innovative and efficient ways of
operating.
ADDITIONAL INFORMATION
BOURBON's results will continue to be influenced by the ?/US$ exchange rate.
FINANCIAL CALENDAR
2017 4(th) Quarter and Full Year Financial Information press February 8, 2018
release
2017 Annual Results press release and presentation March 15, 2018
APPENDIX
Quarterly adjusted revenue breakdown
+--------------------+ +---------------------------+
| 2017 | | 2016 |
In millions of euros | | | | | | | | |
| Q3 | Q2 | Q1 | | Q4 | Q3 | Q2 | Q1 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Marine Services | |149.1 |162.3 |164.8 | |182.9 |203.2 |218.5 |259.5 |
| | | | | | | | | | |
|Deepwater offshore | | 59.9 | 68.3 | 68.8 | | 72.8 | 81.4 | 84.2 | 98.6 |
|vessels | | | | | | | | | |
| | | | | | | | | | |
|Shallow water offshore | | 37.8 | 39.1 | 37.1 | | 50.1 | 60.9 | 73.6 | 94.6 |
|vessels | | | | | | | | | |
| | | | | | | | | | |
|Crew boats | | 51.4 | 55.0 | 58.9 | | 60.0 | 60.8 | 60.7 | 66.3 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Subsea Services | | 52.1 | 67.8 | 56.6 | | 56.4 | 50.0 | 60.9 | 50.0 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Other | | 3.0 | 3.8 | 4.1 | | 5.1 | 5.9 | 5.3 | 5.0 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Total adjusted revenues | |204.3 |234.0 |225.5 | |244.4 |259.1 |284.7 |314.5 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Adjustments* | |(11.9)|(19.2)|(20.6)| |(20.0)|(19.4)|(20.1)|(22.5)|
+-------------------------+ +------+------+------+ +------+------+------+------+
|TOTAL CONSOLIDATED* | |192.4 |214.7 |204.9 | |224.4 |239.7 |264.6 |292.0 |
+-------------------------+ +------+------+------+ +------+------+------+------+
* Effect of consolidation of joint ventures using the equity method.
Quarterly average utilization rates for the offshore fleet
+--------------+ +-------------------+
| 2017 | | 2016 |
In % | | | | | | | | |
| Q3 | Q2 | Q1 | | Q4 | Q3 | Q2 | Q1 |
+----------------------------------+ +----+----+----+ +----+----+----+----+
|Marine Services | |52.9|52.7|54.3| |57.1|59.9|64.5|70.3|
| | | | | | | | | | |
|Deepwater offshore vessels | |62.2|60.3|61.0| |60.5|66.4|69.7|77.2|
| | | | | | | | | | |
|Shallow water offshore vessels | |42.1|40.0|35.6| |44.6|53.1|62.5|71.3|
| | | | | | | | | | |
|Crew boats | |55.1|56.4|61.4| |62.2|61.1|63.8|67.5|
+----------------------------------+ +----+----+----+ +----+----+----+----+
|Subsea Services | |63.4|65.7|57.5| |63.3|57.0|56.0|52.3|
+----------------------------------+ +----+----+----+ +----+----+----+----+
|"Total fleet excluding Crew boats"| |51.4|49.8|46.8| |52.1|58.3|64.5|71.7|
+----------------------------------+ +----+----+----+ +----+----+----+----+
|"Total fleet" | |53.4|53.3|54.5| |57.4|59.7|64.2|69.5|
+----------------------------------+ +----+----+----+ +----+----+----+----+
Quarterly average daily rates for the offshore fleet
+--------------------+ +---------------------------+
| 2017 | | 2016 |
In US$/day | | | | | | | | |
| Q3 | Q2 | Q1 | | Q4 | Q3 | Q2 | Q1 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Deepwater offshore | |13,781|14,863|15,084| |15,526|16,492|16,537|17,630|
|vessels | | | | | | | | | |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Shallow water offshore | |8,371 |8,749 |9,534 | |9,958 |10,365|10,712|11,967|
|vessels | | | | | | | | | |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Crew boats | |4,453 |4,393 |4,270 | |4,359 |4,473 |4,405 |4,538 |
+-------------------------+ +------+------+------+ +------+------+------+------+
|Subsea Services | |34,304|37,976|37,488| |35,195|37,182|39,583|44,119|
+-------------------------+ +------+------+------+ +------+------+------+------+
|"Total fleet excluding| |13,685|14,955|15,267| |15,081|15,260|15,265|16,299|
|Crew boats" | | | | | | | | | |
+-------------------------+ +------+------+------+ +------+------+------+------+
Quarterly number of vessels (end of period)
+-----------+ +---------------+
| 2017 | | 2016 |
In number of vessels* | | | | | | | | |
|Q3 |Q2 |Q1 | |Q4 |Q3 |Q2 |Q1 |
+------------------------------+ +---+---+---+ +---+---+---+---+
|Marine Services | |489|490|491| |491|491|490|492|
| | | | | | | | | | |
|Deepwater offshore vessels | |89 |89 |89 | |89 |89 |89 |89 |
| | | | | | | | | | |
|Shallow water offshore vessels| |131|132|133| |133|133|133|133|
| | | | | | | | | | |
|Crew boats | |269|269|269| |269|269|268|270|
+------------------------------+ +---+---+---+ +---+---+---+---+
|Subsea Services | |22 |22 |22 | |22 |22 |22 |22 |
+------------------------------+ +---+---+---+ +---+---+---+---+
|FLEET TOTAL | |511|512|513| |513|513|512|514|
+------------------------------+ +---+---+---+ +---+---+---+---+
* Vessels operated by BOURBON (including vessels owned or on bareboat
charter).
Nine month average utilization rates for the offshore fleet
+-------------+
| 9 months |
In % | | |
| 2017 | 2016 |
+------------------------------------+ +------+------+
| Marine Services | | 53.3 | 64.9 |
| | | | |
| Deepwater offshore vessels | | 61.1 | 71.0 |
| | | | |
| Shallow water offshore vessels | | 39.2 | 62.3 |
| | | | |
| Crew boats | | 57.6 | 64.1 |
+------------------------------------+ +------+------+
| Subsea Services | | 62.2 | 55.1 |
+------------------------------------+ +------+------+
| "Total fleet excluding Crew boats" | | 49.3 | 64.8 |
+------------------------------------+ +------+------+
| "Total fleet" | | 53.7 | 64.4 |
+------------------------------------+ +------+------+
Nine month average daily rates for the offshore fleet
+-----------------+
| 9 months |
In US$/day | | |
| 2017 | 2016 |
+------------------------------------+ +--------+--------+
| Deepwater offshore vessels | | 14,687 | 16,939 |
+------------------------------------+ +--------+--------+
| Shallow water offshore vessels | | 8,856 | 11,061 |
+------------------------------------+ +--------+--------+
| Crew boats | | 4,427 | 4,477 |
+------------------------------------+ +--------+--------+
| Subsea Services | | 36,649 | 40,001 |
+------------------------------------+ +--------+--------+
| "Total fleet excluding Crew boats" | | 14,673 | 15,626 |
+------------------------------------+ +--------+--------+
Breakdown of adjusted revenues by geographical region
+----------------------+------------------+
| Third quarter | 9 months |
In millions of euros | | | | | | |
|Q3 2017|Q3 2016|Change|2017 |2016 |Change|
+----------------------------------+-------+-------+------+-----+-----+------+
|Africa | 118.9 | 131.0 |-9.2% |384.3|480.4|-20.0%|
+----------------------------------+-------+-------+------+-----+-----+------+
|Europe & Mediterranean/Middle East| 31.1 | 45.7 |-32.0%|91.5 |116.3|-21.3%|
+----------------------------------+-------+-------+------+-----+-----+------+
|Americas | 36.0 | 52.9 |-32.0%|115.4|171.2|-32.6%|
+----------------------------------+-------+-------+------+-----+-----+------+
|Asia | 18.3 | 29.5 |-38.0%|72.6 |90.3 |-19.6%|
+----------------------------------+-------+-------+------+-----+-----+------+
Other key indicators
Quarterly breakdown
+--------------+ +-------------------+
| 2017 | | 2016 |
| | | | | | | | |
| Q3 | Q2 | Q1 | | Q4 | Q3 | Q2 | Q1 |
+---------------------------------------+ +----+----+----+ +----+----+----+----+
|Average ?/US$ exchange rate for the | | | | | | | | | |
|quarter | |1.17|1.10|1.06| |1.08|1.12|1.13|1.10|
|(in ?) | | | | | | | | | |
+---------------------------------------+ +----+----+----+ +----+----+----+----+
|?/US$ exchange rate at closing | |1.18|1.14|1.07| |1.05|1.12|1.11|1.14|
|(in ?) | | | | | | | | | |
+---------------------------------------+ +----+----+----+ +----+----+----+----+
|Average price of Brent for the quarter | | 55 | 51 | 54 | | 49 | 46 | 46 | 34 |
|(in US$/bbl) | | | | | | | | | |
+---------------------------------------+ +----+----+----+ +----+----+----+----+
Nine month breakdown
+-------------+
| 9 months |
| | |
| 2017 | 2016 |
+------------------------------------------------+ +------+------+
| Average nine month ?/US$ exchange rate (in ?) | | 1.11 | 1.12 |
+------------------------------------------------+ +------+------+
| ?/US$ exchange rate at closing (in ?) | | 1.18 | 1.12 |
+------------------------------------------------+ +------+------+
| Average nine month price of Brent (in US$/bbl) | | 52 | 42 |
+------------------------------------------------+ +------+------+
About BOURBON
Among the market leaders in marine services for offshore oil & gas, BOURBON
offers the most demanding oil & gas companies a wide range of marine services,
both surface and sub-surface, for offshore oil & gas fields and wind farms.
These extensive services rely on a broad range of the latest-generation vessels
and the expertise of almost 9,300 skilled employees. Through its 37 operating
subsidiaries the group provides local services as close as possible to customers
and their operations throughout the world, of the highest standards of service
and safety.
BOURBON provides two operating activities (Marine Services and Subsea Services)
and also protects the French coastline for the French Navy.
In 2016, BOURBON'S revenue came to ?1,102.6 million and the company operated a
fleet of 514 vessels.
Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector,
BOURBON is listed on the Euronext Paris, Compartment B.
Contacts
BOURBON Media relations agency
Publicis Consultants
Investor Relations, analysts, Vilizara Lazarova
shareholders
+33 140 138 607 +33 144 824 634
investor-relations(at)bourbon- vilizara.lazarova(at)consultants.publicis.fr
online.com
Corporate Communication
Christelle Loisel
+33 491 136 732
christelle.loisel(at)bourbon-online.com
PDF version:
http://hugin.info/159569/R/2148314/824122.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BOURBON via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.11.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 567340
Anzahl Zeichen: 35047
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 229 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BOURBON: Financial information 3rd quarter and 9 months 2017"
steht unter der journalistisch-redaktionellen Verantwortung von
BOURBON (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
