Revenues rose 17.7% to EUR1.19bn ($1.5bn) for the year while net income skyrocketed from EUR6.8m to EUR41.9m, a six-fold increase.
Last year Bourbon's Marine Services fleet expanded by 21 vessels to 439 units, with revenues up 22.6% to EUR972.2m - of which the company's 72 deepwater offshore vessels accounted for EUR360.8m or 37%. Average utilisation rate of the Marine Services fleet rose 1.5% to 84.7%. The Subsea Services fleet held steady on vessel numbers (18) but saw a 5.1% drop in utilisation.
The current year has significant growth in store for Bourbon as 45 new vessels, mostly replacement shallow water offshore units, will be delivered into the fleet as part of a EUR500m investment decision, final tranche of its Bourbon Leadership Strategy 2015 plan.
"Operating income is up 89.4% thanks to higher daily rates and EBITDA is up in all three of our segments," says Christian Lefèvre, ceo of Bourbon. "The stability of the (oil) price per barrel at around $110 has encouraged our clients to make substantial investments in a market where growth prospects point to sustained demand for vessels in 2013."
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
