Bouygues Offshore Reports First Half Net Sales Increase 33.9% to Euro 499.2 Million.Business & High Tech 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)--Aug. 10, 2000 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. totals Euro 636.1 million 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. (PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. : BOS.PA, 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) ) today announced 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 , new orders and backlog for the first half ended June June: see month. 30, 2000. Net sales for the 2000 first half were Euro 499.2 million, including Sofresid sales of Euro 71.5 million. This compares to 1999 first half sales of Euro 480.6 million. As expected, Oil and Gas Contracting net sales decreased in the first half 2000, compared to the year-ago period, due to the timing of the major contracts and the under-utilization of yards and barges (26 days for the BOS 355 and 6 for the Castoro 8). The Company anticipates an improvement during the second part of the year. At June 30, 2000, the Group's backlog totaled Euro 636.1 million. Approximately 63% of the backlog relates to project work for 2000, 33% for 2001 and 4% thereafter. The backlog excludes the Blue Stream contract in Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). (signed on November November: see month. 24, 1999 totaling more than $300 million) which should come into force soon, as well as the LNG LNG (liquefied natural gas): see under natural gas. terminal in Bilbao Bilbao (bēlbä`ō), city (1990 pop. 383,798), capital of Vizcaya prov., N Spain, in the Basque Country, on both banks of the Nervión River, near the Bay of Biscay. A leading Spanish port and commercial center since the 19th cent. - Spain Spain, Span. España (āspä`nyä), officially Kingdom of Spain, constitutional monarchy (2005 est. pop. 40,341,000), 194,884 sq mi (504,750 sq km), including the Balearic and Canary islands, SW Europe. (contract signed on July July: see month. 6, 2000, totaling Euro 81 million).
Year-to-date analysis:
----------------------------------------------------------------------
Six months Six months Six months
ended ended ended
06/30/2000 06/30/2000 06/30/1999
In million - unaudited French Francs Euro Euro
----------------------------------------------------------------------
Oil & Gas Contracting
Net Sales 2,371 361.4 374.5
New Orders 892 135.9 703.8
Backlog (end of period) 3,621 552.1 914.7
----------------------------------------------------------------------
Maintenance Services
Net Sales 405 61.7 63.8
New Orders 394 60.0 51.6
Backlog (end of period) 170 25.8 26.1
----------------------------------------------------------------------
Maritime and River Works
Net Sales 198 30.2 38.5
New Orders 120 18.3 31.0
Backlog (end of period) 143 21.8 59.0
----------------------------------------------------------------------
Liquefied Gases
Net Sales 22 3.4 3.8
New Orders 8 1.3 2.4
Backlog (end of period) 6 0.9 5.6
----------------------------------------------------------------------
Chemicals - Refining,
Energy - Industry
Net Sales 279 42.5 na
New Orders 108 16.5 66.9
Backlog (end of period) 232 35.5 66.9
----------------------------------------------------------------------
Total net sales (1) 3,275 499.2 480.6
Total new orders 1,522 232.0 855.7
Total backlog
(end of period) 4,172 636.1 1,072.3
----------------------------------------------------------------------
(1) First half 2000 net sales included Euro 23.3 million of operating
costs billed directly to single project joint ventures or
reimbursable expenses billed to customers, compared with Euro 30.5
million in the first half 1999
Quarterly analysis:
----------------------------------------------------------------------
Second Quarter Second Quarter Second Quarter
ended ended ended
06/30/2000 06/30/2000 06/30/1999
In million - unaudited French Francs Euro Euro
----------------------------------------------------------------------
Oil & Gas Contracting
Net Sales 1,257 191.5 189.1
New Orders 462 70.4 275.3
Backlog (end of period) 3,621 552.1 914.7
----------------------------------------------------------------------
Maintenance Services
Net Sales 220 33.5 32.8
New Orders 173 26.3 27.3
Backlog (end of period) 170 25.8 26.1
----------------------------------------------------------------------
Maritime and River Works
Net Sales 118 17.9 21.0
New Orders 101 15.3 21.1
Backlog (end of period) 143 21.8 59.0
----------------------------------------------------------------------
Liquefied Gases
Net Sales 13 2.1 1.1
New Orders 6 1.0 0.9
Backlog (end of period) 6 0.9 5.6
----------------------------------------------------------------------
Chemicals - Refining,
Energy - Industry
Net Sales 141 21.5 na
New Orders 68 10.3 66.9
Backlog (end of period) 232 35.5 66.9
----------------------------------------------------------------------
Total net sales 1,749 266.5 244.0
Total new orders 810 123.3 391.5
Total backlog
(end of period) 4,172 636.1 1,072.3
----------------------------------------------------------------------
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. Further information on the company can be found on line at www.bouygues-offshore.com. Driven by a strong commitment to the energy industry, an on-the-spot presence and a team of talented professionals, we deliver solutions that are safe, innovative and promote the success of our clients and our Company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion