2014 revenue at 9 months: €326 million (+12%)
Order backlog at 30 September 2014: €508 million

Vincennes, 13 November 2014 - Heurtey Petrochem (ISIN FR0010343186) reported revenue of €108 million for the 3rd quarter of 2014, up 23% on the same period in 2013.

Group revenue for the first 9 months of the year amounted to €326 million, resulting in organic growth of 12% (14% at constant exchange rates). The furnaces branch accounted for 81% of Group activity (37% for petrochemicals, 25% for refining and 19% for hydrogen) and the gas branch for 19%. The regional breakdown in revenue was as follows: Americas 41%, Europe/Russia 34%, Asia/Oceania 21% and Middle East/Africa 5%.

At 30 September 2014, the Group's order backlog stood at €508 million, as against €411 million at 30 September 2013 and €543 million at 31 December 2013. The breakdown by business segment reflects strong growth for the gas branch which accounts for 46% of the order backlog, with the furnaces branch accounting for the remaining 54% (36% for petrochemicals, 15% for refining and 3% for hydrogen). The regional breakdown in Heurtey Petrochem's order backlog is as follows: Americas 73%, Asia/Oceania 11%, Europe/Russia 11% and Middle East/Africa 5%.

The Group has confirmed its target of revenue of between €420 million and €440 million for the full year.

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