Cockerill Maintenance & Ingénierie

Cockerill Maintenance & Ingénierie

Press Relations

communication@cmigroupe.com

Key figures

CMI designs, integrates, upgrades and services equipment for energy, defense, steelmaking, the environment and industry in general. The sectors that underpin its activity are developing through the years. Their operational synergies reinforce the Group’s stability and the sound geographic coverage of their entities enable to elude the accumulating economic turbulence.

The figures below are published according to the International Financial Reporting Standards (IFRS). The application of these standards guarantees homogenous consolidation of the Group's accounts across the whole of its sphere of activities. It also enables the performance to be read and understood at an international level.

Turnover

EUR Mios20112012201320142015
CMI Energy 169 430 000 165 541 000 175 388 000 165 621 000 252 755 000
CMI Defence 197 567 000 260 229 000 94 367 000 334 894 000 595 780 000
CMI Industry 181 905 000 208 417 000 198 564 000 192 076 000 241 834 000
CMI Services 161 764 000 158 602 000 178 517 000 203 468 000 227 070 000
Total 710 666 000 792 789 000 646 836 000 896 059 000 1 317 439 000
As a logical consequence of the strong order intake of 2014, turnover in 2015 exceeded the one billion euros mark for the first time, with a new record set at 1.317 billion euros. This represents an increase of 47% compared to 2014. All sectors made progress, even if the increase is particularly noticeable in the activities of CMI Defence and CMI Energy.

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Order entries

EUR Mios20112012201320142015
CMI Energy 168 006 000 166 636 000 167 100 000 302 413 000 294 331 000
CMI Defence 60 636 000 34 081 000 4 860 000 662 650 000 723 790 000
CMI Industry 282 670 000 128 818 000 183 510 000 243 750 000 184 970 000
CMI Services 183 323 000 157 475 000 200 403 000 234 610 000 243 127 000
Total 694 635 000 487 010 000 555 873 000 1 443 420 000 1 446 220 000
In 2015, CMI repeated the record level of order intake seen in 2014, with 1.446 billion euros. In the light of this commercial success, however, the Group has shown itself to be vigilant. For it is a fact, that certain orders present technical challenges and others are located in unstable geopolitical contexts.

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Order entries: geographic distribution

EUR Mios20112012201320142015
RoW 11 782 000 22 860 000 60 559 000 137 853 000 122 020 000
Africa 20 535 000 52 330 000 4 542 000  20 486 000  45 720 000
Nafta 48 539 000 22 740 000 43 338 000  96 883 000  231 070 000
Middle East 148 350 000 90 480 000 114 467 000  812 751 000 723 780 000
BIC 201 950 000 97 630 000 82 123 000  97 400 000  34 770 000
Europe 263 480 000 200 970 000 250 844 000  278 050 000  288 860 000
Total 694 640 000 487 010 000 555 873 000  1 443 420 000  1 446 220 000

Operating result

EUR Mios20112012201320142015
Operating result 20.108 32.126 11.586 52.582  113.019

The operating result of the Group amounted to 113 million euros, which is more than double that of 2014. Quite logically, CMI thus arrived at the highest level of profitability in its history, at 8.58% of turnover, a performance in line with the CMI 2017-2022 objective.

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Cash-flow

EUR Mios20112012201320142015
Cash-flow 52.462 39.108 32.770 306.029 267.828

Cash-flow amounted to 267.8 million euros at December 31st 2015. The variance with 2014 is directly linked to the financing curve of many projects.

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Shareholders' equity

EUR Mios20112012201320142015
Shareholders's equity 72.075 88.586 88.108 132.320 179.640

Group equity amounted to 179.6 million euros at December 31st 2015. This increase of 35.7% arises essentially from the results achieved into 2015 ajusted by the dividend declared on results at the end of 2014.

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Safety

Ensuring the safety of its men and women is the number one priority of CMI Group. Having constantly and regularly reduced, since 2002, the frequency level of accidents causing stoppage, safety results have slightly fallen back in 2015. Even though the level achieved is worthy of the best companies in the industry, awareness-raising campaigns are organized to remind people that where safety is concerned, nothing is ever guaranteed, that constant vigilance is required, and that there is only one possible path: that of progress.

 20112012201320142015
Level of Frequency (LF) 10.70 5.19 4.38 2.25  3.75
Level of Severity (LS) 0.43 0.10 0.14  0.10  0.13
  • 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. employees20112012201320142015
CMI Energy 273 286 316 332 381
CMI Defence 145 175 274  291 372
CMI Industry 1105 1178 1244  1363 1368
CMI Services 1706 1885 2096  2327 2390
CMI Corporate 164 153 156  157 169
Total 3 393 3677 4086  4470 4680

To achieve its strategy and register success, a motivated workforce is crucial. At December 31st 2015, the CMI workforce numbered 4 680 across the world. The growth in 2015 is principally due to the acquisition of the Sleti company (France), to the development of defense activities in Belgium and France and to diversification into new territories.

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Workforce: geographic distribution

Nb. employees20112012201320142015
Rest of the world 178 190 231 280  411
United States 184 177 162  168  177
Brazil 327 489 684  845  792
India 599 654 623  560  521
France 826 896 1114  1248  1370
Belgium 1279 1271 1272  1369  1409
Total 3393 3677 4086  4470  4680
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