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Part 2 - Review by Business Unit
47
Research-Cottrell, also known as Hamon Environmental.
The BU enjoys an excellent reputation in its target
markets; energy, glassmaking, cement, waste-to-energy
facilities, steel and the petrochemical industry. Hamon
is one of the leaders in Western Europe in upgrading
waste incinerators to present air quality standards.
Contribution to our society
The contribution to society of the air pollution control
facilities is particularly real for the inhabitants of
neighboring regions. They dramatically reduce the
quantity of dust, acid gases and other pollutants
released into the atmosphere by heavy industries.
Organization
The business unit kept going with its development in
2010, with the acquisitions of Enviroserv (Germany) and
J&C Engineering (South Africa). For more details,
please refer to the section Review of the year 2010.
The business unit covers the entire world outside North
America, the latter region being under the responsibility
of the North American business unit (see following
pages).
This BU has subsidiaries located in Belgium, France,
Germany, India, China, Brazil, South Africa and South
Korea, also with a branch in Italy, plus a network of
agents.
Research & development
The main R&D programs on which the business unit
was active in 2010 were the following:
■ Development of a software to make plans for
electrostatic precipitators in a more automated way.
■ Optimization of electrostatic precipitators sizing.
■ Improvement of the desulfurization process based on
seawater.
■ Optimization of circulating fluidized bed (CFB) process
for waste incineration.
Key figures
in EUR million 2010 2009
New order bookings 65,2 67,3
Revenue 71,9 39,1
Backlog on 31/12 90,0 85,6
EBIT 0,9 0,0
EBIT / revenue 1,2% -0,1%
Average headcount 220 172
2010 results
Bookings in 2010, at EUR 65,2 million, include mainly
contracts in Brazil, Spain, China and France.
Revenue, at EUR 71,9 million, is significantly higher as
a result of the first positive developments of the
Business Unit on its new markets in Germany, Eastern
Europe, China, South Africa and Brazil. Excellent
prospects on these markets bode well for the future of
these investments.
Nevertheless, the increase in revenue in 2010 was not
high enough to compensate for the increasing overhead
costs due to the development strategy described
hereabove.
Additional average headcount is coming from the
acquisitions made during 2009 and 2010 and from the
investments being made in establishing a team responsible
for Central & Eastern Europe and China.
Prospects for 2011
The prospects remain good for this business unit in
2011. It should benefit from the investments made
these last few years in high growth markets (India,
Brazil, China, South Africa, etc.).