Revenue for the first nine months of 2017

14/11/2017

Revenue for the first nine months of 2017: €184 million
Order book as of 30 September 2017:  €293 million

Vincennes, 14 November 2017

Heurtey Petrochem generated revenues of €184 million* in the first nine months of 2017, down 25% compared to the first nine months of 2016 (-26% at constant exchange rates).
 
Gas Processing accounted for 31% of revenue, with Furnaces making up the remaining 69% (34% in refining, 17% in petrochemicals and 18% in hydrogen). The regional breakdown was 27% from the Americas, 30% from Asia-Oceania, 32% from the Middle East and Africa and 11% from Europe and Russia.
 
The Group’s order book at 30 September 2017 totalled €293 million**, compared to €393 million as of 30 September 2016.
The Gas segment accounted for 70% of orders, and the Furnaces segment for 30% (12% for refining, 14% for hydrogen and 4% for petrochemicals).
 
The Americas account for 59% of the order book, Asia/Oceania 29%, Middle East/Africa 10%, and Europe/Russia 2%.
 
For 2017, the Group anticipates revenue of close to €250 million, with current operating income at -8% of this revenue. 

* Unaudited figures
** The order book includes €107 million worth of contracts in Venezuela for which the Group does not anticipate any significant movement in the short term.