Hamon Press

Information Release

Regulated information 22 April 2014, 18:00 Trading update Q1 2014 Highlights


Hamon booked new orders for EUR 204 million during the first quarter (respectively EUR 156 million and EUR 101 million for the same period in 2013 and 2012).

Markets & Regions By Industry - YT D

Other

6% Metal

Industry

4%


Utilities and Oil & Gas, at 88% of the bookings of the first quarter, continue to represent the Group's two core markets. Besides, 12% of our bookings have been signed with other industries: mostly cement and metal, but also waste and pulp
& paper.

Utility

60%

Oil & Gas


Our traditional home markets, Europe & North
America, performed well this quarter with EUR

By Region - YT D

Other

75 million or 37% of the Group total bookings. However, Emerging markets, with new orders close to EUR 130 million, are once again the main contributors thanks to some major Dry Cooling orders in the Middle and Far East as well as several APC bookings spread across the whole Asia-Pacific region.

Usa - Canada

15%

urope

22%

Middle East & Africa

32%

Americas

4%

Asia-

Pacific

27%

Hamon & Cie

www.hamon.com
Rue Emile Francqui 2, B-1435 Mont-St-Guibert, Belgium

Page 1

Hamon Press

Information Release

Review by business unit New orders by Business Unit

in EUR million

2014 YTD

2013 YTD

2012 YTD

Cooling Systems

Process Heat Exchangers

Air Pollution Control EMEA/Brazil

APC & HR NAFTA Chimneys

Others & Elim. Inter BU

131,9

9,9

27,2

33,4

1,2

0,0

46,3

28,8

58,8

20,1

2,4

0,0

61,6

15,6

18,6

2,7

2,4

0,0

TOTAL

203,5

156,4

100,9

Cooling Systems

The Cooling Systems Business Unit registered in the first quarter one of its best performances ever with close to EUR 132 million of new orders.
Dry Cooling registered major successes in the Middle and Far East while Wet Cooling also performed very well with several contracts signed, either for new installation or major repair/repack works, in Brazil, South-Korea, India, Greece, Russia and the U.K.

Process Heat Exchangers

Bookings of the PHE Business Unit were quite low in the first quarter as no award decision was taken by customers on any of the long list of major projects followed by the BU during that period.
The next quarters should be much more active.

Air Pollution Control EMEA / Brazil

APC EMEA/Brazil performed well during Q1 2014, even if the value of new bookings is below last year which had benefited from the award of a very important contract from EDF (France) for the retrofit of ESPs for two coal-fired power plants.

New orders of the period are well spread across the different regions where the Business Unit is active.
This steady inflow of new contracts augurs well for a return to profitability of the BU in 2014.

Hamon & Cie

www.hamon.com
Rue Emile Francqui 2, B-1435 Mont-St-Guibert, Belgium

Page 2

Hamon Press

Information Release

Air Pollution Control and Heat Recovery NAFTA

Even with a very limited number of coal-fired opportunities in the NAFTA region, the Business Unit did very well in the first quarter with new contracts secured in the US for heat exchangers for the mining industry, a flue gas treatment installation for an oil refinery and aftermarket work as well as for the export market thanks to an order for heat recovery steam generators for a project in Singapore.

Chimneys

Bookings for Q1, even if very low, were on budget as no chimney or major repair work contract award was foreseen for that period.

Hamon & Cie

www.hamon.com
Rue Emile Francqui 2, B-1435 Mont-St-Guibert, Belgium

Page 3

Hamon Press

Information Release

Prospects



In view of the general economic environment, Hamon does not release any guidance on its future results.

Forward looking statements


This presentation contains forward-looking information that involves risks and uncertainties, including statements about Hamon's plans, objectives, expectations and intentions. Readers are cautioned that forward-looking statements include known and unknown risks and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of Hamon. Should one or more of these risks, uncertainties or contingencies materialize, or should any underlying assumptions prove incorrect, actual results could vary materially from those anticipated, expected, estimated or projected. As a result, neither Hamon nor any other person assumes any responsibility for the accuracy of these forward-looking statements.

For all additional information

For all additional information, please contact :

Hamon Investors Relations

investorsrelations@hamon.com

Francis Lambilliotte, CEO

corporate@hamon.com

+32.10.39.04.05

Christian Leclercq, CFO

christian.leclercq@hamon.com

+32.10.39.04.22

Financial calendar


Shareholders Meeting 2014 22/04/2014

Publication of first half year 2014 results 29/08/2014

Hamon profile

The Hamon Group is a world player in engineering & contracting (design, installation and project management). Its activities include the design, the manufacturing of critical components, the installation and the after-sale services of cooling systems, process heat exchangers, air pollution control (APC) systems, Heat Recovery Steam Generators (HRSG) and chimneys, used in power generation, oil & gas and other heavy industries like metallurgy, glass, chemicals.

Hamon & Cie

www.hamon.com
Rue Emile Francqui 2, B-1435 Mont-St-Guibert, Belgium

Page 4
distributed by