Cockerill Maintenance & Ingénierie

Cockerill Maintenance & Ingénierie

Press Relations

communication@cmigroupe.com

Key figures

CMI is today structured to grow in a  fluctuating economic environment. The four Sectors that underpin its activity have developed through the years. Operational synergies and the complementary nature of  the cycles have forged solidarity between these four elements, reinforcing the Group’s stability. Similarly, the sound geographic coverage of its entities has enabled it to elude the accumulating  economic turbulence. Against this background of rapid growth, CMI has endeavored to retain a light  structure, which is indispensable for seizing opportunities on the markets.

The data below has been published in accordance with IFRS (International Financial Reporting Standards) norms. The application of these recognized standards guarantees homogenous consolidation of the accounts of the Group across the whole of its scope. This also enables international comprehension of the Group’s performance.

Turnover

EUR Mios20102011201220132014
CMI Energy 135 197 000 169 430 000 165 541 000 175 388 000 165 621 000 
CMI Defence 59 441 000 197 567 000 260 229 000 94 367 000 334 894 000 
CMI Industry 201 800 000 181 905 000 208 417 000 198 564 000 192 076 000 
CMI Services 165 499 000 161 764 000 158 602 000 178 517 000 203 468 000 
Total 561 937 000 710 666 000 792 789 000 646 836 000 896 059 000 

The turnover generated in 2014 amounts to nearly €900 million – a new record, up 38% from 2013. CMI Defence accounted for 38% of that turnover in 2014, with the remaining 62% spread evenly among the Group’s three other sectors. The 14% growth in CMI Services from 2013 is also worth noting.

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Order entries

EUR Mios20102011201220132014
CMI Energy 157 532 000 168 006 000 166 636 000 167 100 000 302 413 000 
CMI Defence 308 891 000 60 636 000 34 081 000 4 860 000 662 650 000 
CMI Industry 208 423 000 282 670 000 128 818 000 183 510 000 243 752 000 
CMI Services 171 876 000 183 323 000 157 475 000 178 517 000 234 611 000 
Total 846 722 000 694 635 000 487 010 000 555 873 000 1 443 426 000 

Orders were booked at a record level for the CMI Group, for €1.443 billion, i.e. 2.5 times more than in 2013. All the sectors of the Group are up, particularly CMI Defence. This remarkable performance requires us to be even more on our guard: beyond the increase in the workload, the order book entails certain technical challenges and some projects are being carried out in an unstable geopolitical context.

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Order entries: geographic distribution

EUR Mios20102011201220132014
RoW 45 411 000 (5%) 11 782 000 (2%) 22 860 000 (5%) 60 559 000 (11%) 137 853 000 (10%) 
Africa 27 497 000 (3%) 20 535 000 (3%) 52 330 000 (10%) 4 542 000 (1%)  20 486 000 (1%) 
Nafta 38 264 000 (5%) 48 539 000 (7%) 22 740 000 (5%) 43 338 000 (8%)  96 883 000 (7%) 
Middle East 293 626 000 (35%) 148 348 000 (21%) 90 480 000 (19%) 114 467 000 (20%)  812 751 000 (56%) 
BIC 249 100 000 (29%) 201 950 000 (29%) 97 630 000 (20%) 82 123 000 (15%)  97 400 000 (7%) 
Europe 192 825 000 (23%) 263 478 000 (38%) 200 970 000 (41%) 250 844 000 (45%)  278 053 000 (19%) 
Total 846 720 000 694 630 000 487 010 000 555 873 000  1 443 426 000 

The 2014 order entries grew in all regions of the world. Besides the dominance of the Middle East, developments in the NAFTA region (orders multiplied by 2.2 in one year) and Africa (orders multiplied by 4.5 in one year) are also noteworthy.

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Operating result

EUR Mios20102011201220132014
Operating result 10,005 20,108 32,126 11,586 53,093 

The operating result of the CMI Group exceeded the level of €50 million, i.e. 58% more than its previous record of 2012.

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Cash-flow

EUR Mios20102011201220132014
Cash-flow 61,355 52,462 39,108 32,770 306,029 

CMI closed the 2014 financial year with very positive cash-flow. This situation is in particular explained by the number of new orders taken during the second half, and for which significant down-payments were received.

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Shareholders' equity

EUR Mios20102011201220132014
Shareholders's equity 123,244 72,075 88,586 88,108 132,658 

After a decrease in 2011, the Group’s consolidated shareholders’ equity is looking brighter, having even attained its highest level at the end of 2014.

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Safety

Safety remains priority n°1 for the CMI Group which is constantly renewing its prevention and awareness raising initiatives. This effort pays off in terms of safety performance: the frequency level has been divided by six in four years and the severity level by three over the same period. As nothing can ever be taken for granted when it comes to safety, the aim for 2015 is to maintain the frequency and severity levels under the 3.00 and 0.10 mark respectively.

 20102011201220132014
Level of Frequency (LF) 12,28 10,7 5,19 4,38 2,25 
Level of Severity (TS) 0,36 0,43 0,10 0,14  0,10 
  • Level of Frequency (LF): Frequency level of accidents causing stoppage. Accidents X 1 000 000 / hours worked
  • Level of Severity (LS): Severity level of accidents causing stoppage. Days lost X 1 000 / hours worked
 

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Workforce

Nb. employees20102011201220132014
CMI Energy 260 273 286 316 332 
CMI Defence 105 145 175 274  291 
CMI Industry 957 1105 1178 1244  1363 
CMI Services 1831 1706 1885 2096  2327 
CMI Corporate 165 164 153 156  157 
Total 3 318 3 393 3677 4086  4470 

On 31 December 2014, CMI employed 4 470 people throughout the world. The large increase in the years 2013 and 2014 is explained mainly by three lines of growth: Brazil, defense and the environment. In the latter segment in particular, CMI Europe Environment (2013), CMI Balteau (2014) and CMI Aquion (2014) have recently contributed to the increase in the workforce.

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Workforce: geographic distribution

Nb. employees20102011201220132014
Rest of the world 225 178 190 231 280 
United States 184 184 177 162  168 
Brazil 402 327 489 684  845 
India 531 599 654 623  560 
France 790 826 896 1114  1248 
Belgium 1204 1279 1271 1272  1369 
Total 3336 3393 3677 4086  4470 
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