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38
Hamon Annual Report 2012
Visit of the Minister-President of the Walloon Region, Mr Rudy Demotte, and
the Walloon Minister of Economy, Mr JC Marcourt, at our offices in Seoul (Korea)
Review of the year 2012
Summary
Backlog representing more than one year of revenue:
■ New order bookings amounting to EUR 461,7 million
in 2012.
■ Backlog as of 31/12/2012 of EUR 621,4 million,
stable versus 31/12/11.
■ Important number of pending offers and of “limited
notices to proceed”.
EBITDA of EUR 17,1 million – Result before tax
of EUR +2,6 million. Net loss of EUR -1,6 million (Equity
holders of the Company EUR -2,5 million):
■ Sales increasing by 25% versus 2011.
■ BUs EBITDA increasing by EUR +4,6 million during
2nd half year versus 1st half year of 2012.
■ Result before tax of EUR +2,6 million.
■ Net loss due to heavy taxes because no tax consolidation
on worldwide basis.
Encouraging developments for the future:
■ Growth of Dry Cooling activities with important
commercial and R&D investments. Important backlog
as of 31/12/12.
■ First success of APC in Asia and in Eastern Europe
which should allow Hamon to bear the redeploying
costs of this activity. Good level of bookings for this
BU early 2013.
■ Expansion of Deltak sales activities in Asia
with positioning in the global heat recovery steam
generator market.
■ Progress towards the acceptance of the ReACT
technology on the U.S. market.
Main events of the year 2012
January
Opening of a Hamon & Cie representative office in
Hanoi, Vietnam. Booking of the first new order in this
country during the 4th quarter 2012.