Bourbon Corporation SA announced audited consolidated earnings and operating results for the fourth quarter and full year 2018. For the quarter, the company reported revenue of EUR 162.2 million compared to EUR 181.6 million a year ago.

For the quarter, the company reported average utilization rate for the fleet in operation of 81.8% against 84.3% a year ago. Average utilization rate for the fleet of 51.7% against 53.7% a year ago. Average daily rate for the fleet was USD 7,989 per day against USD 8,299 per day a year ago. Number of vessels was 483 compared to 508 a year ago.

For the full year, the company reported revenues of EUR 633.9 million compared to EUR 793.6 million a year ago. Operating loss (EBIT) after share of results from companies under equity method was EUR 320.2 million compared to EUR 406.6 million a year ago. Net loss was EUR 451.3 million compared to EUR 608.9 million a year ago. Loss per share was EUR 5.90 compared to EUR 7.47 a year ago. Net loss (group share) was EUR 457.8 million compared to EUR 576.3 million a year ago.

For the full year, the company reported number of vessels (FTE) of 500.1 compared to 511.5 a year ago. Average utilization rate was 52.2% against 53.7% a year ago. Average daily rate was USD 7,942 per day against USD 8,725 per day a year ago. Average utilization rate for the fleet in operation of 82.3% against 82.4% a year ago.