Bouygues Offshore: Sustained Growth in Order Intake in Third Quarter 2001.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--(BUSINESS WIRE)--Oct. 31, 2001 For the nine months that ended on September September: see month. 30, 2001, 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 (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) ) (Paris:BOS.) reported 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 of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 789.2 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 706.7 million), a 3.4% increase over the prior-year figure of EUR 763.5 million. The backlog Backlog 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. was up 42% to EUR 989.5 million (USD 903.4 million), nearly equaling the record high for the period and reflecting a significant 29.6% increase to EUR 421.9 million (USD 385.3 million) in orders placed in the third quarter. The backlog includes spending authorizations of only EUR 23 million for the AIOC AIOC Azerbaijan International Operating Company AIOC Anglo-Iranian Oil Company AIOC Acceptable Initial Operating Capability project to build offshore structures in Azerbaijan Azerbaijan, country, Asia Azerbaijan (ä'zərbījän`, ă'zər–), Azeri Azərbaycan, officially Republic of Azerbaijan, republic (2005 est. pop. 7,912,000), 33,428 sq mi (86,579 sq km), in Transcaucasia. and for Shell's Cawthorne Channel project in Nigeria Nigeria (nījĭr`ēə), officially Federal Republic of Nigeria, republic (2006 provisional pop. 140,003,542), 356,667 sq mi (923,768 sq km), W Africa. to supply and lay pipelines, while the two contracts are worth a total of EUR 230 million. Bouygues Offshore expects to execute To run a program, which causes the computer to carry out its instructions. See executable code, instruction and EXE file. execute - execution 26% of the backlog in 2001, 52% in 2002 and 22% thereafter. Appendices ap·pen·di·ces n. A plural of appendix. : Tables From design engineering to start-up Start-up The earliest stage of a new business venture. and maintenance, Bouygues Offshore provides its customers with turnkey See turnkey system. projects in offshore-onshore oil and gas contracting, liquefied gases, maritime and river works and chemicals-refining/energy-industry. Driven by a strong commitment to the energy industry, an on-the-spot Adj. 1. on-the-spot - at the scene of action; "an on-the-spot reporter"; "on-the-spot inspections"; "an on-the scene newscast" on-the-scene on-site - taking place or located at the site; "on-site inspection" presence and a team of talented professionals, we deliver solutions that are safe, innovative and promote the success of our clients and our Company. Further information on the company can be found on line at www.bouygues-offshore.com.
Year-to-date analysis
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Nine months Nine months Nine months
In million - Unaudited ended ended ended
09/30/2001 9/30/2001 9/30/2001
US $ (1) euros euros
----------------------------------------------------------------------
Offshore
Net sales 293.1 327.3 --
New orders 285.4 312.6 --
Backlog (end of period) 377.9 413.9 --
Onshore
Net sales 246.8 275.6 --
New orders 175.6 192.3 --
Backlog (end of period) 318.5 348.8 --
Oil and Gas Contracting
Net sales 539.9 602.9 573.2
New orders 461.0 504.9 413.1
Backlog (end of period) 696.4 762.7 617.5
----------------------------------------------------------------------
Liquefied Gases
Net sales 22.2 24.8 5.4
New orders 42.1 46.1 6.3
Backlog (end of period) 92.3 101.1 3.9
----------------------------------------------------------------------
Maritime and River Works
Net sales 16.9 18.9 39.6
New orders 28.7 31.4 22.4
Backlog (end of period) 21.0 23.0 16.5
----------------------------------------------------------------------
Chemicals-Refining,
Energy-Industry
Net sales 30.4 34.0 50.7
New orders 34.9 38.2 18.9
Backlog (end of period) 20.5 22.5 29.7
----------------------------------------------------------------------
Maintenance Services
Net sales 97.3 108.6 94.6
New orders 145.5 159.4 96.8
Backlog (end of period) 73.2 80.2 29.7
----------------------------------------------------------------------
Total Net sales(2) 706.7 789.2 763.5
Total New orders 712.2 780.0 557.5
Total Backlog
(end of period) 903.4 989.5 697.3
----------------------------------------------------------------------
(1) US $ net sales are translated at an exchange rate of Euro 1=US $
0.895502 which is the average of the European Central Bank
reference rates from January 1, 2001 to September 30, 2001. New
orders and Backlog are translated at an exchange rate of Euro 1 =
US $ 0.9131 which is the European Central Bank reference rate on
September 30, 2001.
(2) Nine months 2001 net sales included EUR 35.0 million of operating
costs billed directly to single project joint ventures or expenses
billed to customers, compared with EUR 34.8 million in the first
nine months 2000.
Quarterly analysis
----------------------------------------------------------------------
Third quarter Third quarter Third quarter
In million - Unaudited ended ended ended
09/30/2001 09/30/2001 09/30/2000
US $ (1) euros euros
----------------------------------------------------------------------
Offshore
Net sales 103.5 112.1 --
New orders 158.1 173.1 --
Backlog (end of period) 377.9 413.9 --
Onshore
Net sales 82.3 89.1 --
New orders 78.3 85.7 --
Backlog (end of period) 318.5 348.8 --
Oil and Gas Contracting
Net sales 185.8 201.2 211.8
New orders 236.4 258.8 277.2
Backlog (end of period) 696.4 762.7 617.5
----------------------------------------------------------------------
Liquefied Gases
Net sales 9.1 9.9 2.0
New orders 37.7 41.3 5.0
Backlog (end of period) 92.3 101.1 3.9
----------------------------------------------------------------------
Maritime and River Works
Net sales 7.8 8.5 9.4
New orders 19.2 21.0 4.1
Backlog (end of period) 21.0 23.0 16.5
----------------------------------------------------------------------
Chemicals-Refining,
Energy-Industry
Net sales 11.4 12.3 8.2
New orders 8.0 8.8 2.4
Backlog (end of period) 20.5 22.5 29.7
----------------------------------------------------------------------
Maintenance Services
Net sales 38.1 41.3 32.9
New orders 84.0 92.0 36.8
Backlog (end of period) 73.2 80.2 29.7
----------------------------------------------------------------------
Total Net sales(2) 252.2 273.2 264.3
Total New orders 385.3 421.9 325.5
Total Backlog
(end of period) 903.4 989.5 697.3
----------------------------------------------------------------------
(1) US $ net sales are translated at an exchange rate of Euro 1 = US $
0.923219 which is the average of the European Central Bank
reference rates from July 1, 2001 to September 30, 2001. New
orders and Backlog are translated at an exchange rate of Euro 1 =
US $ 0.9131 which is the European Central Bank reference rate on
September 30, 2001.
(2) Third quarter 2001 net sales included EUR 18,7 million of
operating costs billed directly to single project joint ventures
or reimbursable expenses billed to customers, compared with EUR
11,5 million in the third quarter 2000.
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