Heurtey Petrochem announces consolidated revenues of €104 million* for the fourth quarter of 2015, compared with €112 million in the fourth quarter of 2014.
Over the full year, revenues amounted to €420 million*, down 4% on 2014 (-9% at constant exchange rates). Activity levels were in line with the Group's target of full-year revenues of between €400 million and €420 million.
The Gas segment accounted for 26% of business, while the Furnaces segment represented 74% (36% in petrochemicals, 34% in refining and 4% in hydrogen). The regional breakdown of the Group's revenues was 51% from the Americas, 19% from Asia/Oceania, 15% from Europe/Russia, and 15% from the Middle East/Africa.
In a difficult business environment, the Group's order book at 31 December 2015 stood at €400 million**, compared with €507 million at year-end 2014.
The Furnaces segment accounts for 54% of the order book (38% for refining, 10% for petrochemicals and 6% for hydrogen), while the Gas segment represents 46%.
The Americas accounts for 52% of the order book, Asia/Oceania 20%, Middle East/Africa 17%, and Europe/Russia 11%.

* Unaudited figures.

** This figure includes €107 million in contracts in Venezuela, on which the Group does not expect to achieve a significant level of completion in 2016 as the client is currently facing financing difficulties.

Heurtey Petrochem SA issued this content on 16 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 February 2016 16:46:23 UTC

Original Document: http://www.heurtey.com/en/news/2015-revenue