1999 Net Sales Increase : 16%; Backlog Increases 30% to euro 903,3 Million (US$ 907.5 million(1)).Business Editors MONTIGNY-LE-BRETONNEUX Montigny-le-Bretonneux is a commune in the southwestern suburbs of Paris, France. It is located 24.5 km. (15.2 miles) from the center of Paris, in the "new town" of Saint-Quentin-en-Yvelines, created in the 1960s, of which it is the central and most populated commune. , France--(BUSINES WIRE)--Feb. 10, 2000 Bouygues Bouygues (Euronext: EN) is a French industrial group listed on Euronext Paris. It is a blue chip in the CAC 40 stock market index, founded in 1952 by Francis Bouygues (educated at the École Centrale Paris, 1946) and since 1989 led by his son Martin Bouygues. Offshore S.A. (NYSE NYSE See: New York Stock Exchange : BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) ) announced that 1999 net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 16 % to euro 983.7 million (US$1 048 million(1)). Sofresid, which was consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: during the second half of 1999, accounted for euro 88.5 million. Net sales in the fourth quarter were lower than expected due to the delivery of procured equipments carried over from 1999 to 2000. The Company does not anticipate that this will have a material impact on its estimates of income for the year. Herve
The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. is 30% higher than the year ago period. In addition to booked backlog, we have US$300 million for the Blue Stream project signed November November: see month. 24, 1999, and will be integrated into the Company's backlog as soon as the financing is finalized See finalization. .&uot; 84 % of the backlog relates to project work for 2000, and 16 % for 2001 and thereafter.
Year-to-date analysis :
----------------------------------------------------------------------
Twelve months Twelve months Twelve months
ended ended ended
12/31/1999 12/31/1999 12/31/1998
Millions- unaudited US $ (1) euros euros
----------------------------------------------------------------------
Oil &Gas Contracting
Net Sales 776.8 728.9 613.3
New Orders 925.3 921.1 957.7
Backlog
(end of period) 781.2 777.6 585.4
----------------------------------------------------------------------
Maintenance Services
Net Sales 132.8 124.6 145.6
New Orders 114.3 113.8 146.8
Backlog
(end of period) 27.6 27.5 38.3
----------------------------------------------------------------------
Maritime and River Works
Net Sales 76.5 71.8 70.9
New Orders 39.1 39.0 50.8
Backlog
(end of period) 33.9 33.7 66.5
----------------------------------------------------------------------
Liquefied Gases
Net Sales 9.1 8.5 20.0
New Orders 4.5 4.5 7.2
Backlog
(end of period) 3.0 3.0 7.0
----------------------------------------------------------------------
Chemical,refining,
energy and
industries
Net Sales 53.2 49.9 --
New Orders 111.9 111.4(3) --
Backlog
(end of period) 61.8 61.5 --
----------------------------------------------------------------------
Total net sales(2) 1048.4 983.7 849.8
Total new orders 1195.1 1189.8 1,162.5
Total backlog
(end of period) 907.5 903.3 697.2
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(1) US $ net sales, are translated at an exchange rate of euro 1 = US
$ 1.0657 which is the average of the European Central Bank
reference rates of the euro from January 1, 1999 to December 30,
1999. New order and backlog are translated at an exchange rate of
euro 1 = US $ 1.0046 which is the European Central Bank reference
rate on December 30, 1999.
(2) Twelve months 1999 net sales included euro 66.1 million of
operating costs billed directly to single project joint ventures
or reimbursable expenses billed to customers, compared with euro
41.9 million for the twelve months 1998.
(3) Including euro 66.9 million backlog end of June 99.
Quarterly analysis:
--------------------------------------------------------------------
Fourth quarter Fourth quarter Fourth quarter
ended ended ended
12/31/1999 12/31/1999 12/31/1998
Millions-Unaudited US $ (4) euro euro
----------------------------------------------------------------------
Oil &Gas Contracting
Net Sales 181.9 175.2 198.2
New Orders 54.9 54.6 215.6
Backlog
(end of period) 781.2 777.6 585.4
----------------------------------------------------------------------
Maintenance Services
Net Sales 34.5 33.2 40.0
New Orders 32.8 32.6 32.7
Backlog
(end of period) 27.6 27.5 38.3
----------------------------------------------------------------------
Maritime and River Works
Net Sales 15.7 15.1 20.4
New Orders 6.9 6.9 21.7
Backlog
(end of period) 33.9 33.7 66.5
----------------------------------------------------------------------
Liquefied Gases
Net Sales 2.6 2.5 2.9
New Orders 1.8 1.8 1.8
Backlog
(end of period) 3.0 3.0 7.0
----------------------------------------------------------------------
Chemicals,
refining,
energy and
industries
Net Sales 30.4 29.3 --
New Orders 35.0 34.8 --
Backlog
(end of period) 61.8 61.5 --
----------------------------------------------------------------------
Total net
sales(5) 265.1 255.3 261.5
Total new
orders 131.4 130.7 271.8
Total backlog
(end of period) 907.5 903.3 697.2
----------------------------------------------------------------------
(4) US $ net sales, are translated at an exchange rate of euro 1 = US
$ 1.038 which is the average of the European Central Bank
reference rates of the euro from October 1, 1999 to December 30,
1999. New order and backlog are translated at an exchange rate of
euro 1 = US $ 1.0046 which is the European Central Bank reference
rate on December 30, 1999.
(5) Fourth quarter 1999 net sales included euro 20.1 million of
operating costs billed directly to single project joint ventures
or reimbursable expenses billed to customers, compared with euro
16.8 million in the fourth quarter 1998.
Bouygues Offshore S.A. is a leading international contractor contractor n. 1) a person or entity that enters into a contract. 2) commonly, a person or entity that agrees to construct a building or to provide or install specialized portions of the construction. serving the oil and gas industry, specializing in providing integrated solutions for the design, construction, installation and management of offshore and onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. oil and gas turnkey See turnkey system. projects. The Company also provides maintenance services to the oil industry, engages in maritime and river-related civil work projects and provides design, engineering and construction in : liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG LNG (liquefied natural gas): see under natural gas. ), chemical and refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar , and energy and industry. |
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