Heurtey Petrochem recorded revenue of €101m in the first quarter of 2015, compared with €112m in the first quarter of 2014.

The breakdown of revenue by business reflects the growing strength of the gas business, accounting for 28% of revenue over the period, compared with 14% in the first quarter of 2014. The furnaces business, which contributes 72% of revenue, is divided as follows: 38% for petrochemicals, 32% for refining and 2% for hydrogen.

The regional breakdown of the Group's revenue was 57% from the Americas, 17% from Europe and Russia, 17% from Asia-Pacific, and 9% from the Middle East and Africa.

At 31 March 2015, the Group's order book stood at €506m; stable compared with 31 December 2014, and down 3% year-on-year.

The gas business accounted for 42% of the order book, and the furnaces business 58% (petrochemicals 30%, refining 25% and hydrogen 3%).

The Americas accounted for 62% of the order book, the Middle East and Africa 17%, Asia-Pacific 12% and Europe and Russia 9%.

For 2015, Heurtey Petrochem has confirmed its target of achieving annual revenue of between €400m and €420m.

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