|
Turnover
of fisrt half of 2002: + 7,5 %
Strong growth in offshore marine services: + 55,0 %
12
August 2002
Consolidated
turnover for the first half of 2002 has increased by 7,5 %, to
reach 446 million € as compared with 415 million €
proforma for 2001. The two main activities, distribution and marine
services, rose by 10,2 %, according to 2002-2006 business plan.
Consolidated turnover
|
(in millions of euros)
|
1st half
|
Variation
|
1srt half 2001
published
|
|
2002
|
2001
proforma*
|
|
Consolidated turnover
|
446
|
415
|
7,5 %
|
526
|
|
France
|
268
|
261
|
2,7
%
|
361
|
|
International
|
178
|
154
|
15,6 %
|
165
|
|
Distribution
|
240
|
212
|
13,2 %
|
337
|
|
France
|
202
|
192
|
5,2 %
|
289
|
|
International
|
38
|
20
|
90,0 %
|
48
|
|
Marine Services
|
170
|
160
|
6,3 %
|
171
|
|
of which Offshore
|
62
|
40
|
55,0 %
|
40
|
|
Towage - Salvage
|
56
|
56
|
-
|
56
|
|
Dry bulk transport
|
51
|
60
|
(15,0 %)
|
60
|
|
Other businesses
|
36
|
43
|
Na
|
18
|
*
Proforma 2001 are calculated taking into account 66,6% integration
of Distribution branch (in view of the Casino shareholding of 33,4 %)
as well as the sale of "Réunion-Europe sugar activity"
early 2001 and treatment of fishing activity in "Other business".
Proforma turnover of Distribution branch increased by 13,2 %.
The France (Réunion) activity progressed by 5,2 % during
the first half, thus strengthening its market shares. International
activity takes into account Cora hypermarket in Mauritius as well
as new outlets opened in Vietnam and Mayotte during the first half
of previous year. The issue of the end of political instability
in Madagascar will have an effect during the second half of 2002.
- As
regards Marine Services
The growth of Marine Services in the offshore oil business, strategical
target of the group’s development, increased very significantly
(+ 55,0 %). The growth is due to the business created by
new vessels, especially with the Exxon Mobil contract, and also to
the integration of 50% of Delba Maritima. The Norwegian company Island
Offshore II recently bought (51 %) will only be consolidated
in the second half of 2002. During this period Havila Crown
vessel will start its two year contract with Pétrobras in Brazil.
The sales in US$ have been secured at favourable rate on the forward
market until mid 2004. Towage activity remains stable. Dry Bulk activity
is still affected by low international freight rates.
- Other
businesses (mainly Sugar in Vietnam and industrial fishing)
represent only 8 % of the group’s turnover and is progressing
as forecasted
|