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First half 2008 results
Strong earnings in 1st Half 2008
Revenues up 16.9% (+31% at constant exchange rate)
Operating income stable at current exchange rate at €90.4 m
Net income (group share) down 21.2% at €78.2 m
Paris, August 27th 2008, pdf file
First half 2008 results introduction
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First half 2008 results introduction by Jacques de Chateauvieux
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Conference Call Audio record
Audio record of the conference call by Jacques de Chateauvieux, Chief Executive Officer (CEO) of BOURBON (length: 28 min) Download the mp3 file
"BOURBON performed extremely well in the first half of the year. The Offshore Division was up, the Bulk Division was highly profitable and the investment program proceeded as planned. Gross operating income (EBITDA) remains high on a comparable basis despite a 15% depreciation of the dollar. Overall, BOURBON posted an excellent return on capital employed of 17.3% (excluding installments on vessels under construction) which reflects the optimization of vessel acquisition prices." explained Jacques de Chateauvieux, Chairman and Chief Executive Officer of BOURBON.
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