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Part 2 - Overview by Business Unit
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6. Heat recovery systems including: recuperators,
economizers, and gas-to-gas heat exchangers.
7. Heat Recovery Steam Generators (HRSG) which
allow combined cycle power plants to achieve very
high efficiencies.
8. Other specialty boilers.
Contribution to our society
The contribution to the society of these units is the
following:
■ For APC units, the contribution is very perceptible for
the inhabitants of the surrounding areas: these units
drastically reduce the amounts of dust, acid gases
and other pollutants released into the atmosphere by
heavy industries.
■ For heat recovery units, they allow customers to
reduce their energy consumption by recuperating
the heat carried by some fluids; lower amounts of fuel
burnt means less greenhouse effect gases released
into the atmosphere.
2012 Results
New orders were in clear progress in the second half
of 2012, despite the slow recovery of the U.S. economy.
The Business Unit increased its new order bookings
and its backlog by respectively more than 30% and
35% relative to 2011. New orders include fabric filters,
electrostatic precipitators conversions, wet gas scrubbers
for refineries, the preliminary engineering for a ReACT
project for multi pollutant treatment, heat recovery steam
generators and orders for aftermarket services. The BU
continues to keep its net overhead costs under strict
control, to maintain its excellence in the implementation
of projects and to keep good EBITDA margins.
Increased staffing is due to the integration of Deltak
since September 2011.
Prospects for 2013
The outlook is good for the year 2013, with a backlog
appreciably higher at the beginning of 2013 than a year
earlier, and with a sustained level of commercial activity.
Organization
The business unit consists of three subsidiaries:
■ Hamon Research-Cottrell U.S. (HRCUS), specializing in
the design and supply of new air pollution control units.
■ Thermal Transfer Corporation (TTC), specializing in the
manufacturing of heat recovery systems and electrodes
for electrostatic precipitators. TTC also serves as a
logistics base and to supply spare parts for HRCUS.
■ Hamon Deltak, specializing in the design and
manufacturing of Heat Recovery Steam Generators.
Manufacturing of these units is carried out both in
the American Deltak factory and by quality subcontractors
worldwide.
The name of this BU was changed at the end of 2011
to reflect the integration of Deltak into its ranks.
Key figures
In EUR million 2012 2011
New order bookings 116,2 88,0
Revenue 83,7 58,4
Backlog on 31/12 121,2 88,8
EBITDA 9,4 9,5
EBITDA/ revenue 11,2 % 16,3 %
Average headcount 254 182
Note : Deltak is included since September 2011.