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Bourbon Corporation SA (GPBN.PA)

GPBN.PA on Paris Stock Exchange

5.39EUR
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Bourbon Corporation Separates Governance Functions, Appoints Gael Bodenes As CEO
Thursday, 15 Mar 2018 02:14am EDT 

March 15 (Reuters) - BOURBON CORPORATION SA ::DECIDES TO SEPARATE THE FUNCTIONS OF CHAIRMAN OF THE BOARD AND CEO‍​.‍GAËL BODÉNÈS WAS APPOINTED CHIEF EXECUTIVE OFFICER; JACQUES DE CHATEAUVIEUX REMAINS CHAIRMAN OF BOARD; BOARD ALSO CONFIRMED ASTRID DE BRÉON AS CHIEF FINANCIAL OFFICER​.  Full Article

Bourbon Corporation FY Adjusted EBITDAR Down At 252.4 Million Euros
Thursday, 15 Mar 2018 02:05am EDT 

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.  Full Article

Bourbon Corporation Presents Its New Strategic Action Plan #Bourboninmotion​
Tuesday, 13 Feb 2018 01:00am EST 

Feb 13 (Reuters) - BOURBON CORPORATION SA ::‍BOURBON PRESENTS ITS NEW STRATEGIC ACTION PLAN #BOURBONINMOTION​.‍BOURBON MUST FOCUS MORE THAN EVER ON OPERATIONAL EXCELLENCE, FLEET UTILIZATION RATES, COST REDUCTION PROGRAM AND FREE CASH FLOW PRESERVATION-CEO​.‍REORGANIZING ACTIVITIES OF BOURBON CORPORATION INTO THREE DISTINCT AFFILIATES: BOURBON MARINE & LOGISTICS, BOURBON SUBSEA SERVICES AND BOURBON MOBILITY​.FY ‍ADJUSTED EBITDAR EXPECTED TO BE AROUND EUR 250 MILLION​.PLANNED DISPOSAL OF 41 OWNED VESSELS IS EXPECTED TO GENERATE AN IMPAIRMENT LOSS OF ABOUT €170 MILLION IN THE 2017 FINANCIAL STATEMENTS‍​.‍FY 2017 CONSOLIDATED NET LOSS FOR 2017 IS EXPECTED AT AROUND EUR 600 MILLION​.FY 2017 ‍POSITIVE FREE CASH FLOW 2017 EXPECTED OVER EUR 100 MILLION​.‍MAIN OBJECTIVE OF IMPROVING OPERATIONAL EXCELLENCE AT OPTIMUM COST, "SMART SHIPPING" PROGRAM WILL CONNECT FLEET OF 132 MODERN SUPPLY VESSELS (KNOWN AS "SMART FLEET") OF BOURBON MARINE & LOGISTICS​.‍SMART SHIPPING" PROGRAM WILL REPRESENT AN INVESTMENT OF EUR 75 MILLION OVER THREE YEARS AND ENABLE A SUSTAINABLE REDUCTION IN VESSEL OPERATING COSTS​.‍WITHIN BOURBON MARINE & LOGISTICS' TRADITIONAL FLEET OF 65 VESSELS, 41 OLDEST VESSELS, WILL BE SOLD AT CURRENT MARKET PRICE​.41 OLDEST VESSELS WILL BE SOLD AT CURRENT MARKET PRICE.‍PLANNED DISPOSAL OF 41 VESSELS IS EXPECTED TO GENERATE IMPAIRMENT LOSS OF ABOUT EUR 170 MILLION IN 2017 FINANCIAL STATEMENTS​.  Full Article

Bourbon Corporation FY Adjusted Revenue Down at EUR ‍​860.6 Million
Thursday, 8 Feb 2018 01:00am EST 

Feb 8 (Reuters) - Bourbon Corporation Sa ::ANNOUNCES ANNUAL AND Q4 RESULTS.FY ADJUSTED REVENUE EUR ‍​860.6 MILLION VERSUS EUR 1.10 BILLION YEAR AGO.RESULTS WILL CONTINUE TO BE INFLUENCED BY EURO/USD EXCHANGE RATE.Q4 AVERAGE UTILIZATION RATE ‍​53.7 PERCENT VERSUS 57.4 PERCENT YEAR AGO.Q4 AVERAGE DAILY RATE $8,299 VERSUS $8,989 YEAR AGO.  Full Article

Bourbon Corporation Announces Strategic Partnership With Bureau Veritas
Thursday, 11 Jan 2018 01:00am EST 

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 01:13am EST 

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 names Gael Bodenes as CEO
Friday, 8 Sep 2017 01:11am EDT 

Sept 8 (Reuters) - Bourbon SA statement::Says board entrusted Gaël Bodénès, as chief executive officer, with responsibility of company management.Says board confirmed Jacques de Chateauvieux as executive chairman.Says this evolution follows Christian Lefèvre appointment as Chief Executive Officer of JACCAR Holdings as of October 1st, 2017, who consequently leaves his executive position at Bourbon..  Full Article

Bourbon sustainable reorganization of major part of financial debt
Monday, 31 Jul 2017 01:00am EDT 

July 31 (Reuters) - BOURBON CORPORATION SA ::SUSTAINABLE REORGANIZATION OF THE MAJOR PART OF THE FINANCIAL DEBT.‍CONDITIONS PRECEDENT TO IMPLEMENTATION OF DEBT RESCHEDULING AGREEMENT ANNOUNCED IN MARCH 2017 HAVE BEEN FULFILLED​.  Full Article

Bourbon joins Automated Ships Ltd and Kongsberg to deliver autonomous offshore support vessel prototype
Tuesday, 11 Jul 2017 01:00am EDT 

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 announces sustainable reorganization of major part of financial debt
Monday, 3 Jul 2017 03:50am EDT 

July 3 (Reuters) - BOURBON CORPORATION SA : :REG-BOURBON: SUSTAINABLE REORGANIZATION OF THE MAJOR PART OF THE FINANCIAL DEBT.‍DEFINITIVE COMPLETION IS NOW SET AT JULY 28, 2017 AT LATEST​.‍MAIN FEATURES OF REORGANIZATION REMAIN UNCHANGED​.  Full Article