French-based offshore support and dry bulk shipping company Bourbon says 21% increase in revenues in 2008, to euros931m, and a 13% rise in EBITDA, to euros351m, provide a solid basis for fully achieving its strategic objectives
“The strength of our strategy is to invest in order to reduce clients’ costs,” said chairman and CEO Jacques de Chateauvieux,”and putting into service new-generation innovative and high performance vessels, constructed in series at extremely competitive costs, sustains the growth in the Offshore Division operating income and provides a positive outlook for 2009.”
The company says revenue growth was essentially attributable to the strong increase in the Offshore Division revenues, which rose by 38.7%, and a “resilient performance” by the Bulk Division, which reported stable revenue growth of +2.9% at a constant exchange rate.
Looking ahead the company says its clients have limited exposure to debt financing difficulties and that it continues to enjoy favourable growth and profitability prospects.
“The strength of our strategy is to invest in order to reduce clients’ costs,” said chairman and CEO Jacques de Chateauvieux,”and putting into service new-generation innovative and high performance vessels, constructed in series at extremely competitive costs, sustains the growth in the Offshore Division operating income and provides a positive outlook for 2009.”
The company says revenue growth was essentially attributable to the strong increase in the Offshore Division revenues, which rose by 38.7%, and a “resilient performance” by the Bulk Division, which reported stable revenue growth of +2.9% at a constant exchange rate.
Looking ahead the company says its clients have limited exposure to debt financing difficulties and that it continues to enjoy favourable growth and profitability prospects.