Bourbon reported consolidated earnings results for the first half ended June 30, 2016. For the period, adjusted EBITDA (excluding capital gains) was €189.4 million compared to €202.6 million a year earlier. Loss of EBIT was €28.3 million compared to profit of EBIT €44.8 million a year earlier. Net loss group share was €104.3 million compared to €19.2 million a year earlier. Earnings per share were €1.37 compared to €0.25 a year ago. Net cash flow from operating activities was €123.7 million compared to €225.5 million a year earlier. Acquisition of property, plant and equipment and intangible assets was €117.9 million compared to €147.7 million a year earlier. Revenues were €556.6 million compared to €701.3 million a year earlier.