Results for 2001 show marked rise :
Net income for group shareholdings increases by 50.7% to 50.5 million
euros
|
In
millions of euros
|
2001
|
2000
pro forma*
|
Delta
%
|
2000
as
published
|
|
Turnover
|
1
089.0
|
995.0
|
9.4
%
|
1
196
|
|
EBITDA
|
151.4
|
127.6
|
18.7
%
|
150.9
|
|
EBIT
|
74.7
|
55.3
|
35.1
%
|
68.1
|
|
Net
income for group share
|
50.5
|
33.5
|
50.7
%
|
38.6
|
|
Cash
flow
|
120.6
|
113.1
|
6.6
%
|
131.1
|
|
Net
investments
|
138.4
|
181.0
|
/
|
182.3
|
* allowance
made for transfer of "Réunion Europe " sugar
business in February 2001
- The
Groupe Bourbon turnover amounts to 1 089 million euros, an
increase of 9.4%, in which the Distribution branch increases by
11.3% to account for 695.8 million euros and the Maritime branch
grows by 6.8% to represent 328.7 million euros. These results reflect
the redefinition of policy in the course of the year : the
transfer of the Réunion Europe sugar business, the 100% buyout
of the distribution branch, the increase of capital (33.34%) reserved
for Casino and the acquisition of a 50% shareholding in Delba Maritima,
the Brazilian maritime offshore services business.
- Earnings
before interest, taxes, depreciation and amortization (EBITDA)
increase by 18.7% to reach 151.4 million euros.
- Earnings
before interest and taxes (EBIT) rise sharply by 35.1% to reach
74.7 million euros, a result achieved both through the excellent
distribution results for Réunion Island and through profitable
investments in the Maritime Services branch.
- The
net result for group shareholdings rises sharply (by 50.7%)
to give a total of 50.5 million euros.
- The
cash flow progresses by 6.6% to reach 120.6 million euros.
Net indebtedness amounts to around three times the annual cash flow.
- Net
investments have reached 138.4 million euros, a slight decrease
with regard to 2000. They were principally devoted to opening new
stores overseas and to acquiring new vessels.
The Groupe
Bourbon confirms its targets for the period 2002-2006 :
- Distribution
turnover increases by 11% per annum on average,
- Maritime
Services turnover increases by 8.5% per annum on average.
To meet
these targets, the Groupe Bourbon counts on its wealth of know-how
and on its position as leader in its principal market fields. The
overseas development of distribution and the great potential of deep-water
offshore business represent, in view of the limited competition, profitable
growth vectors for the group whose €900 million 5-year investment
plan will fuel rapid development. At
the general meeting on May 30th 2002, a dividend of 1 euro (as opposed
to 0.86 euros in 2000) will be proposed together with the allocation
of one bonus share for eleven held.Paris, April 10th, 2002Corporate
contact : Patrick Mangaud, Tel : 01 40 13 86 09, Fax : 01
40 28 40 31 (from outside France, dial international, 33 and omit
the initial 0) patrick@mangaud.com
www.groupe-bourbon.fr
Paris,
april 10th 2002
|