The H2 16 adjusted EBITDAR was €154m (-40% yoy), slightly below consensus estimates. The net loss was €175m, missing expectations. The debt restructuring (“Stronger for longer” plan) announced on 8 March is subject to conditions to be fulfilled no later than 15 July 2017. These include: - the repayment of an advance (€37m) granted to JACCAR Holdings when the holding was trying to let Bourbon buy its gas shipping business (in spring 2016); - arrangement of new fundin
16 Mar 2017
Dividend reduction (from €1.00 to €0.25 per share)
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Dividend reduction (from €1.00 to €0.25 per share)
The H2 16 adjusted EBITDAR was €154m (-40% yoy), slightly below consensus estimates. The net loss was €175m, missing expectations. The debt restructuring (“Stronger for longer” plan) announced on 8 March is subject to conditions to be fulfilled no later than 15 July 2017. These include: - the repayment of an advance (€37m) granted to JACCAR Holdings when the holding was trying to let Bourbon buy its gas shipping business (in spring 2016); - arrangement of new fundin