|In thousand €||2017||2018||2019||2020||2021|
|Shareholders’ equity||262 671||131 144||103 232||102 997||105 780|
|Cash flow||96 254||114 625||67 073||182 099||219 686|
|Order entries||1 123 056||1 171 521||1 154 278||918 255||951 338|
|Turnover||933 665||1 296 897||1 259 699||1 014 254||947 461|
|EBITDa||84 151||107 783||81 413||54 141||54 113|
For the second consecutive year, our financial results have been impacted by the global economic disruption caused by the Covid-19 health crisis.
At first sight, the 2021 results are close to those of 2020. In fact, they reflect a totally different reality: the first half of 2021 was even calmer than the previous year but by contrast the second half saw a clear recovery, particularly in terms of new orders, which ended the year slightly up compared to 2020. This positive trend is also confirmed at the beginning of the 2022 financial year.
As a result of the drop in new orders in 2020, our 2021 turnover is down, and has fallen below the symbolic bar of one billion Euros. After this low point, it will rise sharply again from 2022 onwards, thanks to the orders taken in the second half of 2021 and the very large orders already taken in 2022.
With regard to our 2021 EBITDA of 54.1 million Euros and our 2021 equity at 105.7 million Euros, these are very close to the previous year.
In terms of cashflow, it should also be noted that, at the end of 2021, we ended the year with largely positive cashflow which will also be the case at the end of 2022.
An analysis of the development of the distribution of our turnover by sector shows a re-balancing of our activities in recent years: after having experienced a cycle of high growth over several years, the Defense sector has seen its weight reduced, to the benefit of other sectors, in both absolute figures and in relative shares. Conversely, the development of Services activities, particularly in Africa, weighs significantly on our results. At the same time, the ramping up of all our activities related to the decarbonization of energy and mobility, as well as those related to the overall reduction of the environmental footprint of industries, is increasingly auguring well for fast and durable growth.
105 780 thousands of euros
219 686 thousands of euros
951 338 thousands of euros
947 461 thousands of euros
54 113 thousands of euros
The roadmap structuring the Group’s ESG initiative is being developed. The priority areas and the commitments were defined in 2021. The indicators to be monitored and their objectives are currently being formalized, as is the methodology for collecting and compiling relevant data at Group level. Here are the first available non-financial indicators. At this stage, not all of them cover the overall scope of the Group. Their scope is specified in each section. Note that some data is still being collected.
|Scope: Seraing site (Belgium)||2019||2020||2021|
|Workforce as of December 31 (in number of people)||798||781||709|
|Carbon footprint (in tons of CO2 equivalent)||17 000||11 000||in progress|
|Industrial waste (in tons)||358.19||178.28||in progress|
|Total energy purchases (in MWh equivalent for gas and electricity)||7 189.96||6 196.93||in progress|
|Production of photovoltaic panels (in MWh)||1 460||1 500||1 629|
|Distance traveled by bicycle on the home/work journey (in km)||unmeasured||unmeasured||9 000|
|Attendance rate of the Ethics Committee||88%||80%||86%|
|Attendance rate of the Board of Directors||95.4%||95%||95.4%|
|Attendance rate of the Audit Committee||94%||100%||94%|
|Workforce as of December 31 (in number of people)||5 741||5 176||5 480|
|Rate of participation in the biennial internal opinion survey||82%||NA||78%|
|Rate of sustainable engagement of employees||79%||NA||79%|
|Frequency rate of work accidents with halt to work (FR)*||2.28||2.03||2.75|
|Severity rate of work accidents with halt to work (SR)*||0.09||0.072||0.064|
|Annual average number of training days recorded per employee**||unmeasured||unmeasured||3.75|
* SR : Number of days lost X 1 000 / hours worked
* Attrition rate : Number of people who left on a voluntary basis / Average workforce during the period
** Scope: Belgium, employee central
|Proportion of women / men (in %)*||13 / 87||13 / 87||13 / 87|
|Average age** (in years)||42||43||43|
** All staff excluding employees in Brazil, India, China and New Caledonia
|Number of solidarity actions supported by the John Cockerill Foundation||13||20||22|
|Number of people who have benefited from an action by the John Cockerill Foundation||348||24 832*||4 488|
|Number of Group employees involved in Foundation actions||284||89||607|
*Number strongly impacted by donations of sanitary materials (gel, masks…) to fight against Covid-19.