Edition:
United Kingdom

Bourbon Corporation FY Adjusted EBITDAR Down At 252.4 Million Euros


Thursday, 15 Mar 2018 

March 15 (Reuters) - BOURBON CORPORATION SA ::FY NUMBER OF VESSELS (FTE) 511.9‍​ VERSUS 512.3 YEAR AGO.FY ADJUSTED EBITDAR EUR 252.4 MILLION VERSUS EUR 383.0 MILLION YEAR AGO.FY NET LOSS GROUP SHARE EUR 576.3 MILLION VERSUS LOSS EUR 279.6 MILLION YEAR AGO.FY FREE CASH FLOW ROSE TO EUR 127.8 MILLION, UP FROM EUR 64.7 MILLION YEAR AGO.INVESTMENT GROWTH IN OFFSHORE SECTOR IS EXPECTED TO BE GRADUAL IN 2019.PERFORMANCE FOR 2018 IS EXPECTED TO BE SIMILAR TO 2017 IN TERMS OF ACTIVITY.ON MARINE SERVICES DEEPWATER OFFSHORE VESSELS: OUTLOOK REMAINS CHALLENGING IN ALL REGIONS WHERE CO OPERATES.IN MARINE SERVICES SHALLOW WATER OFFSHORE VESSELS, PRESSURE ON DAILY RATES EXPECTED TO CONTINUE IN 2018 AND PROBABLY INTO 2019.SUBSEA ACTIVITIES FOR CONTRACTORS DECLINED IN H2 OF 2017.ON SUBSEA SERVICES: "CONTRACTOR" BUSINESS WILL BE SCALED BACK IN 2018.ON MARINE SERVICES SHALLOW WATER OFFSHORE VESSELS: BOOST TO REVENUE WILL COME FROM HIGHER VESSEL UTILIZATION. 

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