Bourbon Corp

Bourbon provides offshore oil and gas marine services to clients worldwide, a range of vessels and subsea services. Co. provides its clients with marine resources and equipment and offers them integrated contracts which include: the provision of IMR vessels and underwater robots operated by Co.'s personnel, as well as engineering and management services. Co. is structured around two divisions: Marine Services and Subsea Services. Marine Services provides vessels for exploration, development and production of fields in continental and deepwater offshore. Subsea Services uses Co.'s vessels in installation, inspection, maintenance and repair operations for deepwater offshore facilities.
  • TickerGBB
  • ISINFR0004548873
  • ExchangeEuronext Paris
  • SectorOil Equipment, Services & Distribution
  • CountryFrance

Analysts

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/14/2019

...

Jean-François Granjon

Bourbon : Results fall short of our expectations and a mixed outlook

>Publication of full-year results - The Bourbon group had already published its full-year sales (cf. our comment on 7 February 2019), showing a fall of 20% to € 633,9m, and the results published today as expected reflect a strong deterioration. One of the explanations is an unfavourable currency effect, a fall in the number of chartering days and project delays. EBITDA came to -€ 16.5m (-€ 12.7m estimated and € 9.1m for the consensus) vs € 75.4m. EBIT came to -€ 320.2...

Jean-François Granjon

Bourbon : Des résultats en-deçà de nos attentes et des perspectives mitigées.

>Publication des résultats annuels - Alors que le groupe Bourbon a déjà publié son CA annuel (cf. notre commentaire du 7 février 2019) traduisant une baisse de 20% à 633,9 M€, les résultats publiés ce jour traduisent comme attendu une très forte dégradation. Une des explications est un effet de change défavorable, une baisse du nombre de jours d’affrètement et des décalages dans les projets. L’EBITDA ressort à -16.5 M€ (-12,7 M€ estimés et 9.1 M€ pour le css) vs 75,4 ...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 14/03/2019

...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/14/2019

...

Jean-François Granjon

Bourbon : Results fall short of our expectations and a mixed outlook

>Publication of full-year results - The Bourbon group had already published its full-year sales (cf. our comment on 7 February 2019), showing a fall of 20% to € 633,9m, and the results published today as expected reflect a strong deterioration. One of the explanations is an unfavourable currency effect, a fall in the number of chartering days and project delays. EBITDA came to -€ 16.5m (-€ 12.7m estimated and € 9.1m for the consensus) vs € 75.4m. EBIT came to -€ 320.2...

Jean-François Granjon

Bourbon : Des résultats en-deçà de nos attentes et des perspectives mitigées.

>Publication des résultats annuels - Alors que le groupe Bourbon a déjà publié son CA annuel (cf. notre commentaire du 7 février 2019) traduisant une baisse de 20% à 633,9 M€, les résultats publiés ce jour traduisent comme attendu une très forte dégradation. Une des explications est un effet de change défavorable, une baisse du nombre de jours d’affrètement et des décalages dans les projets. L’EBITDA ressort à -16.5 M€ (-12,7 M€ estimés et 9.1 M€ pour le css) vs 75,4 ...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 14/03/2019

...

Jean-François Granjon

Bourbon : Visibility still limited - Balance sheet still under strain

>Full-year sales release short of our estimates - Bourbon has reported full-year consolidated sales of € 633.9m (€ 690m estimated – € 683m for the consensus) vs € 793.6m, down 20.1%. For Q4 alone, sales were € 162.2m vs € 181.6m, down 10.7%. This sales figure reflects the persistent deterioration in both the fleet utilisation rate (-1.5 points) and daily rates (-9% on average). The group has also been penalised by forex effects. At constant forex, the decline in sales...

Alain William ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/07/2019

...

Alain William ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas David
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 07/02/2019

...

Anis Zgaya ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Khaled Ben Amor
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas David
  • Rémi Adam
  • Salma Bouraoui

ODDO BHF Small & MIDCAP MORNING NEWS - 11/08/2018

...

Anis Zgaya ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Khaled Ben Amor
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas David
  • Rémi Adam
  • Salma Bouraoui

ODDO BHF Small & MIDCAP MORNING NEWS - 08/11/2018

...

BOURBON sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of BOURBON (FR), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 30, 2018, the closing price was EUR 4.95 and its target price was estimated at EUR 3.84.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Bourbon SA (GBB) - Oil & Gas - Deals and Alliances Profile

Summary Bourbon SA (Bourbon) is a provider of marine and subsea services to the oil and gas industry. The company’s services consist of transport and supply of offshore material, floating production, storage and offloading (FPSO) support, anchor handling, towage and offshore positioning, assistance, salvage and pollution remediation, personnel transport, seismic support, engineering and management of offshore operations, support to the development of offshore fields, and inspection, and maintenance and repair. Besides the provision of marine services and subsea services, it protects the coast...

Jehanne Leroy

Proxy Report - 30/05/2018

Proxinvest apprécie particulièrement la décision de la société de séparer les fonctions de Président du Conseil et de Directeur général. Ceci rencontre non seulement les préconisations de Proxinvest, mais respecte aussi principes de bonne gouvernance en place. Cependant, nous nous opposons à toutes les résolutions sur la rémunération à l’exception du vote sur les rémunérations attribuées au titre de 2017 à Jacques d'Armand de Chateauvieux. En effet, les rémunérations attribuées au titre de 2017 sont mal structurées (absence de rémunération long-terme), et la société manque de transparence, no...

Matthieu DRIOL

Short term view - BOURBON : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €5.98.

Matthieu DRIOL

Analyse court terme - BOURBON : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 5,98 €.

Matthieu DRIOL

Analyse court terme - BOURBON : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 4,28 €, puis 4,09 €. Le franchissement de 5,98 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - BOURBON : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €4.28, then €4.09. Passing €5.98 would question the continuation of the fall.

Valérie GASTALDY

Analyse moyen terme - BOURBON : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 4,283 €, puis 3,472 €. Le franchissement de 6,000 € remettrait en cause la suite de la baisse.

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