2017 First-half results

2017 First-Half Results

Interview of Frédéric Lemoine, Chairman of the Executive Board
2016 Full-Year Results
Sales over the first nine months 2016


Nine-months 2016 consolidated sales

(in millions of euros)

9 months 2015 9 months 2016 Δ Organic Δ

Bureau Veritas

3,461.7

3,357.7

-3.0%

-0.8%

Constantia Flexibles (1)

969.1

1,542.2

n.a.

+2.3% (2)

Cromology

577.0

564.8

-2.1%

0.0%

Stahl

469.0

492.1

+4.9%

+6.8%

Oranje-Nassau Développement (3)

158.0

210.7

+33.3%

+21.1%

Mecatherm 65.5 93.8 +43.1% +43.1%
CSP Technologies(4) 62.6 82.8 n.a. +6.3%
Nippon Oil Pump 29.8 34.0 +14.1% +3.3%
Consolidated sales 5,634.7

6,167.5

+9.5%

+0.9% (5)

(1) From April 1, 2015.


(2) Organic growth over 9 months.


(3) Excludes Parcours group, presented in “Net income from discontinued operations and operations held for sale” in 2015 and 2016, in accordance with IFRS 5.


(4) From February 2015.


(5) Excluding organic growth of Constantia Flexibles in Q1 and CSP Technologies in January.

 

Nine-month 2016 sales of equity-accounted companies

(in millions of euros)

9 months 2015 9 months 2016 Δ Organic Δ

Saint-Gobain (1)

29,826

29,306

-1.7%

+2.6%

IHS

455.6

615.4

+35.1%

n.a.

Allied Universal (2) - 708.1 n.a. n.a.
Orange-Nassau Développement 102.2 100.6 n.a. n.a.
 exceet (3) 102.2 99.8 -2.3% -1.4%
SGI Africa (4) - 0.8 n.a. n.a.

(1) Following the agreement with Apollo, the Packaging business is presented under “Net income from discontinued operations and operations held for sale” for 2015, in accordance with IFRS 5.
(2) In accordance with IFRS 5, AlliedBarton’s activities in the first seven months of the year, until the merger with Universal Services of America, are presented in the income statement under “Net income from operations to be accounted for by the equity method”.) The new company, Allied Universal, has been recognized using the equity method, since August 2016. The information presented consists of estimates.
(3) In accordance with IFRS 5, the results of the IDMS division for 2015 and 2016 have been included in “Net income from discontinued operations and operations held for sale” in exceet’s financial statements, following the sale of this division.
(4) Company accounted for by the equity method since August 2016.

 
2016 FIRST HALF RESULTS
Q1 2016 sales

Q1 consolidated net sales of €2,480.3 million, up 68.4%, of which 1.2% was organic growth

Sales of consolidated companies in Q1 2016

(in millions of euros)

Q1 2015 Q1 2016 Δ Organic Δ

Bureau Veritas

1,106.4

1,059.4

-4.2%

-0.6%

Constantia Flexibles (1)

-

498.7

n.a.

+4.2% (2)

AlliedBarton (3) - 530.6 n.a. +6.5% (2)

Cromology

170.4

168.6

-1.1%

+1.7%

Stahl

151.8

158.5

+4.4%

+ 5.9%

Oranje-Nassau Développement (4)

44.6

64.6

+44.7%

+26.4%

Mecatherm 18.7 28.6 + 53.1% + 53.1%
Nippon Oil Pump 10.3 10.3 + 0.4% - 4.6%
CSP Technologies (5) 15.7 25.7 n.a. + 14.5% (2) (6)
Consolidated sales

1,473.2

2,480.3

+ 68.4%

+ 1.2% (7)

(1) Company consolidated from April 2015.
(2) Organic growth over 3 months.
(3) Company consolidated from December 2015.
(4) Excludes Parcours group, presented in “Net income from discontinued operations and operations held for sale” in 2015 and 2016, in accordance with IFRS 5.
(5) Company consolidated from February 2015.
(6) Organic growth over 2 months (February + March) +14.7%
(7) Excluding organic growth of Constantia Flexibles and AlliedBarton Security Services. Excluding organic growth of CSP Technologies in January.

 

Sales of companies accounted for by the equity method in Q1 2016 

(in millions of euros)

Q1 2015 Q1 2016 Δ Organic Δ

Saint-Gobain (1)

9,309

9,136

-1.9%

+ 1.8%

exceet (2)

35.6

31.5

-11.5%

-11.0%

IHS 134.3 210.0 + 56.4% n.a.

(1) Following the sale of Verallia (Packaging business) and in accordance with IFRS 5, this asset was reclassified in the 2015 income statement to “Net income from discontinued operations and operations held for sale”.
(2) Included in Oranje-Nassau Développement. In accordance with IFRS 5, the 2015 and 2016 results of the IDMS division are included in “Net income from discontinued operations and operations held for sale", because a procedure to sell this division has been launched.

 

 


2015 full-year results
2015 sales

Consolidated sales totaled €7,867 million, up 41.1%, with all consolidated companies experiencing growth except Mecatherm

2015 Consolidated sales

(in millions of euros)

2014

2015

Δ

Organic Δ

Bureau Veritas

4,171.5

4,634.8

+11.1%

+1.9%

Constantia Flexibles (1)

-

1,442.0

n.a.

+5.8% (2)

AlliedBarton (3) - 183.7 n.a. +5.0%  (2)

Cromology (4)

747.6

751.9

+0.6%

-0.4%

Stahl

512.6

628.1

+22.5%

+2.0%

Oranje-Nassau Développement (5)

142.9

226.6

+58.6%

-5.9%

Mecatherm

104.7

96.4

-7.9%

-7.9%

Nippon Oil Pump

38,2

40,0

+4.6%

-0.6%

CSP Technologies (6) -

90.2

n.a

+9.2% (2)

Consolidated sales

5,574.5

7,867.1

+41.1%

+1.4% (7)

(1) Company consolidated from April 2015.
(2) Organic growth over 12 months.
(3) Company consolidated from December 2015.
(4) Materis’ "Kerneos" aluminates, "Parex" mortars, and "Chryso" admixtures divisions, sold in 2014, are included in “Net income from discontinued
operations and operations held for sale” in 2014, in accordance with IFRS 5.
(5) Excludes Parcours group, presented in “Net income from discontinued operations and operations held for sale” in 2015, in accordance with IFRS
(6) Company consolidated from February 2015.
(7) Excluding organic growth of Constantia Flexibles, CSP Technologies and AlliedBarton Security Services.

2015 Sales of equity-accounted companies

(in millions of euros)

2014 2015 Δ

Organic Δ

Saint-Gobain (1)

38,349

36,623

+3.3%

+0.4%

exceet (2)

185,3

181,6

-17%

-17%

IHS

235.5

652.0

+176.8%

n.a.

(1) Following the sale of Verallia (Packaging business) and in accordance with IFRS 5, reclassification for 2014 and 2015 to “Net income from
discontinued operations and operations held for sale”, including Verallia North America in 2014.
(2) Included in Oranje-Nassau Développement.

 




2015 FIRST-HALF RESULTS
2014 full year results
2014 sales

 Consolidated sales of €5,914 million, up 8.5%, with all consolidated companies seeing organic growth

2014 Consolidated sales



(1) The Kerneos (Aluminates), Parex (Mortars) and Chryso (Admixtures) divisions, are presented in “Net income from discontinued operations and operations held for sale", in accordance with IFRS 5.
(2) Consolidated from January 2014.

Sales of companies accounted for by the equity method



(1) IHS for eight months in 2013, as the investment has been consolidated since May 2013.
 




 

 

 

2014 first-half results
2013 Full Year Results
2013 sales
2013 first-half results
2012 Full Year Results
2012 sales

Wendel's consolidated sales rose 12.6% to €6,702 million, with organic growth of 5.0%

(in millions of euros)


Sales of companies accounted for by the equity method



(1) Includes Parcours from April 15, 2011 and Mecatherm from October 4, 2011
(2) Deutsch accounted for under activities held for sale, in accordance with IFRS 5


]


 

 

2012 FIRST-HALF RESULTS
2011 Full Year Results
2011 sales

Consolidated 2011 sales: €5,953 million, up 17.5% (with organic growth of 6.5%) 

Consolidated sales 



(1) Full consolidation from March 1, 2010
(2) Including Parcours, fully-consolidated from April 1, 2011, and Mecatherm from October 1, 2011
(3) Deutsch accounted for as discontinued operations held for sale, in accordance with IFRS 5

Sales of companies consolidated using the equity method 


Publications








2011 first-half results
2010 Full Year Results
2010 sales
2010 first-half results
Results 2002-2009