Campenon Bernard
Total Page:16
File Type:pdf, Size:1020Kb
ANNUAL REPORT 1997 Contents Executive Committee 2 Editorial 3 Key figures 4 Highlights of 1997 6 Locations 6 Business report 8 Names and addresses of the main subsidiaries 34 Consolidated financial statements 39 Executive Committee Henri Stouff Chairman and Chief Executive Officer Patrick Bonnetain Olivier Caplain Deputy General Manager, Technical Manager Building, France and Europe Jean-Marie Lambert Pierre Linden Human Resources Manager Deputy General Manager, Christian Simon Building, Export and Development Finance Manager Bernard Lozé Arnaud Vercken Deputy General Manager, International Secretary General Jean-Étienne Treffandier Deputy General Manager, Guy-Jacques Barlet Civil engineering, France and Europe Civil Engineering Manager, France Charles Lénès Civil Engineering Manager, International Jean-Marc Médio Maritime and Inland Waterway Works Manager Jacques Mimran Earthworks Manager Jean Volff Export Building Manager 2 Editorial Campenon Bernard SGE With the exception of major functional buildings manages Groupe SGE’s on export markets – which generated a positive contri- major projects in France and bution – building has produced very heavy losses.Very around the world. poor market conditions in general, and in housing and Through the absorption public building in particular, have made refocusing and in 1997 of most of Groupe substantial descoping necessary. In Germany, where a CBC’s business it has conso- decision was taken to terminate operations in Berlin lidated its role as a general and to close a company,operating losses have been com- building contractor. It has pounded by substantial provisions for restructuring. also broadened its geographic base. Company activi- The reorganisation measures that have been taken ties are now evenly divided between civil engineering go along with a shift towards private sector customers, and building and between major projects and agency especially in industry,and the growth of renovation and operations. Within the company, every project enjoys maintenance works, as part of design and build opera- the support of strong and innovative technical mana- tions. A return to profits in building depends upon it. gement able to capitalise on new competencies that In the field of civil engineering, the crisis affec- are developed and shared throughout the organisa- ting Southeast Asia will have no effect on the compa- tion.Whether it be quality, price or completion times, ny, which has little on-going business there but which Campenon Bernard SGE’s values remain focused on is considering certain developments in the energy and delivering commitments. The new bridge over the transportation sector. The current weakness of Tagus, the Stade de France and the Myslbek office and European markets is expected to be offset starting in shopping complex in Prague all constitute the best pos- 1998 by a recovery in the Near and Middle East, in sible illustration of this determination. the field of large-scale facilities and transportation In 1997, civil engineering was badly hit by the infrastructure, a field very much within Campenon ever greater cut-backs in public investment, but was Bernard SGE’s core competencies. supported by the continuing strong demand from The company can look to the future with confi- concession operators, both private and semi-public. dence; the ability, acknowledged by all, of the women This area of business produced very satisfactory results, and men who work in it is the best guarantee that we just like last year. will succeed. HENRI STOUFF Chairman and Chief Executive Officer 3 Key Figures NET SALES BY LINE OF BUSINESS (reconstituted consolidation scope - in millions of French Francs) 1995 1996 1997 Building New housing 1,636 1,733 1,575 Private non-residential 2,655 2,538 2,254 Public non-residential 1,454 859 711 Renovation 1,024 1,189 1,228 Sub-total 6,769 6,319 5,768 Civil engineering Power generation 602 266 65 Environment 712 1,024 975 Transportation 3,181 3,223 3,352 Large-scale facilities 395 1,145 531 Sub-total 4,890 5,658 4,923 TOTAL 11,659 11,977 10,691 FINANCIAL DATA (actual consolidation scope - in millions of French Francs) Provisions for liabilities Cash flow from operations and charges 1,885.0 419.0 1,159.6 1,238.6 258.6 120.8 1995 1996 1997 1995 1996 1997 Cash Working capital 1995 1996 1997 2,059.2 1,253.1 Net assets 618.5 760.5 357.9 1,775.2 1,132.9 Capital expenditures 1,397.5 867.9 and acquisition of investments 294.1 196.8 401.7 Net income 12.7 110.6 (236.4) 1995 1996 1997 1995 1996 1997 4 NET SALES BY GEOGRAPHIC AREA (actual consolidation scope - in millions of French Francs) 1995 1996 1997 France 3,935 4,285 6,393 Germany 1,183 1,188 1,983 Europe (other) 950 853 1,778 Africa 395 330 231 Middle East 42 108 150 America 3 - - Asia 892 996 156 TOTAL 7,400 7,760 10,691 ORDERS RECEIVED BY GEOGRAPHIC AREA (in millions of French Francs) 1995 1996 1997 France 4,087 5,124 6,039 Germany 1,024 807 1,290 Europe (other) 1,235 1,188 1,399 Africa 552 267 156 Middle East 206 102 228 America - 35 - Asia 686 308 236 TOTAL 7,790 7,831 9,348 NUMBER OF EMPLOYEES AS AT 31 DECEMBER 1997 Breakdown by category Breakdown by geographic area ■ Management 1,319 ■ France 5,804 ■ Supervisors 1,347 ■ Germany 1,779 ■ Manual ■ Europe 1,414 workers 3,239 ■ Africa 620 ■ Local ■ employees 3,927 Asia 149 ■ TOTAL 9,832 Middle East 66 TOTAL 9,832 5 Highlights of 1997 JANUARY builds a third 140,000 cu. of the Hub River thermal the first one in Ho Chi Minh ■ ■ On the Vasco da Gama metre liquefied natural gas power station (1,300 MW) Campenon Bernard SGE Bridge in Lisbon, storage tank ■ in Pakistan is handed over completes excavation of the Campenon Bernard SGE to Hubco ■ 3,680 metre long Orelle begins laying the deck tunnel on the A43 Maurienne of the cable-stay bridge ■ APRIL motorway ■ Campenon Bernard SGE ■ Campenon Saigon Builders begins work on the Mornas kicks off work on the JUNE and Mondragon viaducts extension of the Phu My ■ On line 2 of the Cairo on the Mediterranean deep water port in Vietnam underground, the second TGV line ■ Edmond Hervé, ■ Campenon Bernard section of the first phase Mayor of Rennes, Régions starts civil inaugurates work engineering work on the light railway project MARCH at the Pertuiset purification that Campenon Bernard SGE ■ Campenon Bernard plant in central France ■ will build ■ Construction completes the renovation of the MAY FEBRUARY “Le Ponant” building for pay- ■ In Vietnam, Campenon ■ Campenon Bernard SGE TV company Canal + in the Bernard SGE is chosen completes the shell 15th arrondissement of Paris to build another Heineken construction of the Stade ■ The fourth and last unit brewery near Hanoi, after de France stadium ■ Bateg is selected by the Caisse des Dépôts et Consignations for the structural renovation of an office building on Quai Anatole France in the 7th arrondissement of Paris ■ The Kwai Chung viaduct (3.5 kilometres) is officially opened by the Hong Kong government ■ In Qatar, Campenon Bernard SGE 6 – 3.5 kilometres and four tunnelling machine on line 2 machine reaches Akademia stations – is handed over of the Cairo underground station, after coming to the client, meeting enters El Gezira station, through unstable terrain to the day the deadline to be greeted by numerous that required prior in the initial contract signed Egyptian VIPs ■ consolidation ■ on 12 February 1993 ■ BPC receives final MCB signs the contract to acceptance of the building NOVEMBER renovate the commercial for the European Parliament ■ Campenon Bernard SGE court in Nice ■ in Brussels ■ is chosen for the Monaco Cultural and Exhibition JULY/AUGUST SEPTEMBER rotates the first beam of the Centre construction project ■ ■ The Rambiz floating crane ■ Campenon Bernard SGE central deck into position Campenon Bernard SGE lays the 150th and last starts laying the 9,600 pieces above the A8 motorway ■ keys the deck of the Vasco 2,000 tonne beam making up of turf for the pitch Campenon Bernard SGE da Gama cable-stay bridge the central viaduct at the Stade de France ■ is selected to design in Lisbon ■ Warbud, of the Vasco da Gama Bridge At the Ventabren viaduct and build the Istanbul the Polish subsidiary, in Lisbon 13 days ahead on the Mediterranean TGV, Olympic stadium ■ is chosen to design and build of schedule ■ After Campenon Bernard SGE the fifteenth underground successfully completing OCTOBER station in Warsaw the first under-river crossing ■ On line 2 of the Athens as a turnkey operation ■ of the Nile (110 metres), the underground, the tunnelling DECEMBER ■ In Lesotho, Campenon Bernard SGE finishes the Muela dam ■ Campenon Bernard SGE is selected to build a bridge and perform maritime operations near Abu Dhabi ■ 7 INTERNATIONAL 8 WITH NET SALES OF FF 4,298 MILLION, BUSINESS ACTIVITY OUTSIDE FRANCE DECLINED CONSIDE- RABLY IN 1997. THIS DROP CAN BE ATTRIBUTED TO THE COMPLETION OF MAJOR INTERNATIONAL PROJECTS SUCH AS THE KWAI CHUNG VIADUCT, A MORE SELECTIVE APPROACH TO CONTRACTS, AND A DELIBERATE REDUCTION IN THE VOLUME OF BUSINESS HANDLED BY THE GERMAN SUBSIDIARIES. FOLLOWING INTEGRATION OF CBC ACTIVITIES IN POLAND, THE CZECH REPUBLIC, BELGIUM AND GERMANY, THE PROPORTION OF EUROPEAN OPERATIONS IN TOTAL SALES ROSE BY 84%. PROJECT FINANCING AND SELL AND BUILD OPERATIONS OF NON-RESIDENTIAL BUILDINGS GREW BY A SIGNIFICANT AMOUNT, BOTH IN THE NET SALES FIGURE FOR 1997 AND ON THE ORDER BOOKS. The Vasco da Gamma bridge, inaugurated and commissioned on 29 March’98, 2 months before the opening of Expo 98 in Lisbon. International The Jin Mao tower, one of the tallest in Asia, designed by Skidmore, Owings and Merrill.