Download PDF version English (3237KB) - Hamon

Part 2 - Overview by Business Unit
47
■ Hamon D’Hondt, located near Valenciennes (France)
represents the major part of the activities of this
business unit. It is in charge of the design, marketing
& promotion, manufacturing and aftermarket service
of air coolers as well as the manufacturing of welded
steel finned tubes.
■ Hamon D’Hondt Middle East, a joint venture 40%
owned by Hamon D’Hondt, is based in Jubail in
Saudi Arabia. Hamon D’Hondt Middle East specializes
in the manufacturing of air coolers for the Persian
Gulf market.
■ ACS Anti Corrosion Structure, located in Seneffe
(Belgium). This subsidiary manufactures FRP
components (Fibre-Reinforced Plastic) like ducts
for flue gas exhaust or acid-proof storage tanks,
both in its plant and on-site.
■ Hamon D’Hondt BHI is the joint venture created
with the Korean company BHI and majority-owned
by Hamon. It focuses on air coolers for South Korean
engineering companies active in South Korea and
on the export market.
Key figures
In EUR million 2012 2011
New order bookings 57,3 83,0
Revenue 74,4 69,7
Backlog on 31/12 49,3 56,5
EBITDA 3,7 3,9
EBITDA / revenue 4,9 % 5,5 %
Average headcount 221 218
2012 Results
New orders booked by the BU Process Heat Exchangers
suffered due to delays by our customers in finalizing their
order decisions. These delays have had the effect of
reducing the backlog but have also allowed the digestion
of the rapid growth in revenue in recent years. The new
orders booked are well distributed throughout the world.
The gross margin percentages are maintained at good
levels when one considers the harsh competition prevailing
in our markets.
Prospects for 2013
The activities of this BU should remain at a high level
in 2013, mainly due to the very significant current
commercial activity.
Cooling tube bundles being manufactured in the Valenciennes factory (France)