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 Mios20092010201120122013
CMI Energy 268 457 000 135 197 000 169 430 000 165 541 000 175 388 000
CMI Defence 63 437 000 59 441 000 197 567 000 260 229 000 94 367 000
CMI Industry 256 625 000 201 800 000 181 905 000 208 417 000 198 564 000
CMI Services 146 254 000 165 499 000 161 764 000 158 602 000 178 517 000
Total 734 773 000 561 937 000 710 666 000 792 789 000 646 836 000

cmi Group turnover in 2013 amounted to 646.8 million Euros, down by 18.4% compared to 2012. This decrease is a logical consequence of the slowdown in order entries during 2012. This 2013 turnover figure is spread relatively equally over the four sectors of the Group: CMI Energy, CMI Defence, CMI Industry and CMI Services.

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Order entries

EUR Mios20092010201120122013
CMI Energy 36 778 000 157 532 000 168 006 000 166 636 000 167 100 000
CMI Defence 276 446 000 308 891 000 60 636 000 34 081 000 4 860 000
CMI Industry 86 157 000 208 423 000 282 670 000 128 818 000 183 510 000
CMI Services 131 577 000 171 876 000 183 323 000 157 475 000 178 517 000
Total 530 958 000 846 722 000 694 635 000 487 010 000 555 873 000

In 2013, total order intake by the CMI Group amounted to 555.9 million Euros, 14.1% up compared to the previous year. As CMI Defence only marginally contributed to order intake during 2013, the increase attributable to the other three sectors is all the more significant.

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Order entries: geographic distribution

On the geographical level, order intake grows in three great zones: Europe, the Middle East and NAFTA.

 

EUR Mios20092010201120122013
RoW 37 612 000 (7%) 45 411 000 (5%) 11 782 000 (2%) 22 860 000 (5%) 60 559 000 (11%)
Africa 8 731 000 (2%) 27 497 000 (3%) 20 535 000 (3%) 52 330 000 (10%) 4 542 000 (1%) 
Nafta 3 518 000 (1%) 38 264 000 (5%) 48 539 000 (7%) 22 740 000 (5%) 43 338 000 (8%) 
Middle East 274 621 000 (52%) 293 626 000 (35%) 148 348 000 (21%) 90 480 000 (19%) 114 467 000 (20%) 
BIC 66 689 000 (13%) 249 100 000 (29%) 201 950 000 (29%) 97 630 000 (20%) 82 123 000 (15%) 
Europe 139 786 000 (26%) 192 825 000 (23%) 263 478 000 (38%) 200 970 000 (41%) 250 844 000 (45%) 
Total 530 960 000 846 720 000 694 630 000 487 010 000 555 873 000 

Operating result

EUR Mios20092010201120122013
Operating result 11,741 10,005 20,108 32,126 11,586

The Group’s operating result amounted to 11.6 million Euros in 2013.This performance is below the historic record figure of 2012, but has to be placed within the context of a persistent economic crisis which has been affecting most of the traditional markets of the Group since 2008.

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Cash-flow

EUR Mios20092010201120122013
Cash-flow 54,184 61,355 52,462 39,108 32,770

Despite a difficult year in 2013, Group cashflow was able to remain at a level virtually equivalent to that of 2012.

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Shareholders' equity

EUR Mios20092010201120122013
Shareholders's equity 119,699 123,244 72,075 88,586 88,108

Thanks on the one hand to positive results obtained in 2013 and to a prudent dividend distribution on the other, the Group still has stable liquid assets despite the economic situation.

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Safety

The CMI Group has achieved its objective in terms of safety performance. The level of frequency in 2013 is 4.38 and the level of severity 0.14. Convinced of the necessity of maintaining this continuous improvement, CMI has set itself new safety objectives for the coming year, even more ambitious: a target of 4.2 for frequency and a target of 0.12 for the level of severity.

 20092010201120122013
Level of Frequency (LF) 20,03 12,28 10,7 5,19 4,38
Level of Severity (TS) 0,44 0,36 0,43 0,10 0,14 
  • 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. employees20092010201120122013
CMI Energy 281 260 273 286 316
CMI Defence 82 105 145 175 274 
CMI Industry 973 957 1105 1178 1244 
CMI Services 1692 1831 1706 1885 2096 
CMI Corporate 164 165 164 153 156 
Total 3 192 3 318 3 393 3677 4086 

The men and women who work at CMI are the Group’s main asset. On 31 December 2013, the CMI Group numbered 4 086 persons under contract. This figure is 11%  up on 2012. This increase is linked to two factors : recruitment and acquisitions carried out by the  Group during the year (Europe Environnement in France and Klein in New Caledonia). The Group  currently numbers 59% of white collar workers.

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Workforce: geographic distribution

Nb. employees20092010201120122013
Rest of the world 209 225 178 190 231
United States 166 184 184 177 162 
Brazil 198 402 327 489 684 
India 495 531 599 654 623 
France 796 790 826 896 1114 
Belgium 1306 1204 1279 1271 1272 
Total 3170 3336 3393 3677 4086 

With 4 086 persons at the end of 2013, CMI is principally present in Europe (61%), in Brazil (16.7%), in India (15.2%) and in the United States (3.9%). This workforce is made up of 41% blue collar workers and 59% white collar workers. In 2013, CMI workforce particularly increased in France and Brazil.

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