Bourbon Annual Results 2010
Despite challenging conditions, the resilience shown by a 2010 EBITDA of 240.9 million euros, validates the pertinence of BOURBON’s strategy Net income, group share of 39.2 million euros “The 2010 results obtained, despite an unusually sluggish market, illustrate the merits of a strategy aimed at meeting client needs in terms of safety, reliability and lower costs through continuous investments in innovative and high-performance vessels” says Jacques de Chateauvieux, Chairman of the BOURBON Board of Directors. “The conditions for the success of the plan are now met,” stresses Christian Lefèvre, Chief Executive Officer of BOURBON. “Cash from the 500 million euros disposal plan is already available.
Bourbon Financial Report: Revenues Up
“Thanks to the dynamism and exceptional dedication of the Women and Men who work at BOURBON, activity grew in 2010 despite still difficult market conditions and administrative problems in Brazil which are now resolved. Greater demands from clients in terms of safety, reliability of operations, crew skills and transparency can only increase the value of our offer of services and vessels. 2010 saw the launch of the BOURBON 2015 Leadership Strategy plan and the finalization of BOURBON’s refocus on oil and gas services. The new business structure is in place and, day after day, the staff teams are rallying together to deliver the actions needed to achieve our objectives.
