Bourbon Corporation announced earnings results for the year ended December 31, 2017. For the year, the company announced turnover amounted to EUR 860.6 million. Despite a good control of operating cost, and SG&A down 15.5%, adjusted EBITDAR reached EUR 252.4, producing an average margin of 29.3%, 5.4 points lower than 2016. In the absence of investments other than those maintaining the classification of vessels in operation, the free cash flow of the year has seen a very strong progression at EUR 127.8 million, nearly doubling over the previous year. Adjusted EBITDA is EUR 87.8 million against EUR 193.3 million in 2016. Adjusted EBIT is loss of EUR 403.9 million, which has been significantly impacted by the level of impairment charges and other nonrecurring provisions recorded this year. Net cash flow from operating activities was EUR 150.7 million against EUR 213.8 million a year ago. Acquisition of property, plant and equipment and intangible assets was EUR 47.1 million against EUR 154.3 million a year ago.