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Part 2 - Overview by Business Unit
53
Key figures
In EUR million 2012 2011
New order bookings 26,9 30,6
Revenue 36,5 47,7
Backlog on 31/12 58,8 68,9
EBITDA 4,8 7,5
EBIT DA /revenue 13,2 % 15,6 %
Average headcount 53 55
2012 Results
Order intake and EBITDA are beyond expectations
for 2012. The market for new chimneys remains very
sporadic because of the economic conditions and
environmental regulations.
The BU maintains a good balance between new
constructions and aftermarket service.
A Hamon Team atop a chimney at the end of its construction.
The backlog remains meanwhile at a good level,
notably with two new chimneys to be built in 2013 and
the concrete structure of the natural draft cooling
towers for the Vogtle nuclear power plant whose work
has already begun. EBITDA margins remain high
thanks to efficient execution of contracts. Finally, the
BU maintains excellent results in terms of safety on
construction sites.
Contribution to our society
The contribution of these tall chimneys to society is to
provide better dispersion of flue gases (produced by
heavy industries) into the atmosphere, to preclude
exposing the adjacent community to poor air quality when
atmospheric conditions are unfavorable. Chimneys have
become an integral part of air pollution control systems,
in particular flue gas desulphurization (FGD) systems.
Prospects for 2013
The volume of activity should benefit from projects in
the backlog at the beginning of 2013, including the
construction of the concrete structure for the cooling
towers at the Power Plant Vogtle.
Organization
In North America, Hamon is active in the chimney market
through its subsidiary companies Hamon Custodis,
based in the United States, and Hamon Custodis
Cottrell Canada, located in Ontario, Canada. Moreover,
Hamon Custodis operates through regional offices
strategically located in the contiguous United States,
which offer aftermarket sales and services (i.e. maintenance
and repair).
The market segments in which the business unit is
involved consist mainly of end-users, in large part fossil
fuel power generating stations.