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Ebara Corp, Japan
COMPANY WATCH
Cardo AB, Sweden Key Figures (SKr million) Fourth quarter ended 31.12 2008
Ebara Corp, Japan 2007
Inflow of Orders Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
2316
2242
742 155
652 188
Net Sales Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
3063
2684
970 266
791 209
Operating Earnings Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
456
86
156 53
112 43
Year ended 31.12 Inflow of Orders Of Which: Wastewater Technology Solutions Pulp & Paper Solutions Net Sales Of Which: Wastewater Technology Solutions Pulp & Paper Solutions Operating Earnings Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
2008
2007
9530
9267
3055 793
2788 786
9810
9116
3040 827
2755 776
941
426
358 111
304 102
COMMENT At SKr742 million, Wastewater Technology Solutions’ fourth quarter inflow of orders was up 5% on the previous year when adjusted for the effects of exchange rate movements. The Middle East, Latin America and North America saw good development during the quarter. While the recession adversely affected the inflow of orders for construction-related pumps, demand for infrastructurerelated products remained solid. For the full year 2008, Wastewater Technology Solutions’ inflow of orders increased 8%, after adjustments, to SKr3055 million. All regions reported positive development during the period with a particularly good trend in Eastern Europe, the Middle East and Latin America.
April 2009
Key Figures (¥ million) Nine months ended 31.12 2008
Pulp & Paper Solutions’ fourth quarter 2008 inflow of orders was down 22% on 2007 to SKr155 million, after adjustments. The organic inflow of orders decreased by 25%. The recession has affected this division most and the inflow of orders decreased in all markets except Eastern Europe. For 2008 as a whole, Pulp & Paper Solutions’ inflow of orders was SKr793 million, which is unchanged compared with the previous year when adjusted for the effects of exchange rates. The organic inflow of orders decreased by 1%. During the period, Europe and Asia-Pacific developed well, while other markets show a reduced inflow of orders. ■ www.cardo.com
2007
Orders Received Of Which: Fluid Machinery & Systems
367 735
446 125
237 227
249 780
Net Sales Of Which: Fluid Machinery & Systems
332 215
355 109
206 323
195 628
Cost of Sales
274 046
294 261
Gross Profit
58 169
60 848
Operating Loss Of Which: Fluid Machinery & Systems
(4443)
(4873)
9855
838
Net Loss
(11 738)
(19 528)
Order Backlog at 31.12 Of Which: Fluid Machinery & Systems
404 395
430 820
235 965
232 149
COMMENT In Fluid Machinery & Systems’ (FMS) overseas markets, the pace of investments in the oil and gas industry has slowed because of the drop in crude oil prices, but investments in the electric power and water supply infrastructure industries have remained firm, even in the current global economic climate. Conditions in FMS’s overseas markets, in general, are uncertain because of the downturn in the world economy, the sharp appreciation of the yen and other factors. The FMS group is responding by strengthening its sales activities to secure orders from the electric power and other promising sectors as well as integrating its sales, production and distribution activities around the world, including the domestic Japanese market. Ebara says that in the private sector in Japan, the global slump in consumer spending has set
off a chain reaction of cuts in capital investments in many industries, and there are signs that companies are postponing the timing of investments in anticipation of declines in raw material prices. As a result, Ebara’s FMS Group is increasing its marketing activities to capture orders in markets for investment goods that are holding firm, including the electric power industry. In the publicsector market, Ebara reports that conditions remain dull but stable. Accordingly, to improve profitability, the FMS Group is closely supervising projects. FMS’s sales for the third quarter of fiscal 2009 increased 3.6% over the same period a year earlier, to ¥66 924 million. Operating income was ¥3426 million for the quarter, representing an improvement of ¥666 million over the same quarter a year ago. ■ www.ebara.co.jp
Pump Industry Analyst
7
Cardo AB, Sweden Key Figures (SKr million) Fourth quarter ended 31.12 2008
Ebara Corp, Japan 2007
Inflow of Orders Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
2316
2242
742 155
652 188
Net Sales Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
3063
2684
970 266
791 209
Operating Earnings Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
456
86
156 53
112 43
Year ended 31.12 Inflow of Orders Of Which: Wastewater Technology Solutions Pulp & Paper Solutions Net Sales Of Which: Wastewater Technology Solutions Pulp & Paper Solutions Operating Earnings Of Which: Wastewater Technology Solutions Pulp & Paper Solutions
2008
2007
9530
9267
3055 793
2788 786
9810
9116
3040 827
2755 776
941
426
358 111
304 102
COMMENT At SKr742 million, Wastewater Technology Solutions’ fourth quarter inflow of orders was up 5% on the previous year when adjusted for the effects of exchange rate movements. The Middle East, Latin America and North America saw good development during the quarter. While the recession adversely affected the inflow of orders for construction-related pumps, demand for infrastructurerelated products remained solid. For the full year 2008, Wastewater Technology Solutions’ inflow of orders increased 8%, after adjustments, to SKr3055 million. All regions reported positive development during the period with a particularly good trend in Eastern Europe, the Middle East and Latin America.
April 2009
Key Figures (¥ million) Nine months ended 31.12 2008
Pulp & Paper Solutions’ fourth quarter 2008 inflow of orders was down 22% on 2007 to SKr155 million, after adjustments. The organic inflow of orders decreased by 25%. The recession has affected this division most and the inflow of orders decreased in all markets except Eastern Europe. For 2008 as a whole, Pulp & Paper Solutions’ inflow of orders was SKr793 million, which is unchanged compared with the previous year when adjusted for the effects of exchange rates. The organic inflow of orders decreased by 1%. During the period, Europe and Asia-Pacific developed well, while other markets show a reduced inflow of orders. ■ www.cardo.com
2007
Orders Received Of Which: Fluid Machinery & Systems
367 735
446 125
237 227
249 780
Net Sales Of Which: Fluid Machinery & Systems
332 215
355 109
206 323
195 628
Cost of Sales
274 046
294 261
Gross Profit
58 169
60 848
Operating Loss Of Which: Fluid Machinery & Systems
(4443)
(4873)
9855
838
Net Loss
(11 738)
(19 528)
Order Backlog at 31.12 Of Which: Fluid Machinery & Systems
404 395
430 820
235 965
232 149
COMMENT In Fluid Machinery & Systems’ (FMS) overseas markets, the pace of investments in the oil and gas industry has slowed because of the drop in crude oil prices, but investments in the electric power and water supply infrastructure industries have remained firm, even in the current global economic climate. Conditions in FMS’s overseas markets, in general, are uncertain because of the downturn in the world economy, the sharp appreciation of the yen and other factors. The FMS group is responding by strengthening its sales activities to secure orders from the electric power and other promising sectors as well as integrating its sales, production and distribution activities around the world, including the domestic Japanese market. Ebara says that in the private sector in Japan, the global slump in consumer spending has set
off a chain reaction of cuts in capital investments in many industries, and there are signs that companies are postponing the timing of investments in anticipation of declines in raw material prices. As a result, Ebara’s FMS Group is increasing its marketing activities to capture orders in markets for investment goods that are holding firm, including the electric power industry. In the publicsector market, Ebara reports that conditions remain dull but stable. Accordingly, to improve profitability, the FMS Group is closely supervising projects. FMS’s sales for the third quarter of fiscal 2009 increased 3.6% over the same period a year earlier, to ¥66 924 million. Operating income was ¥3426 million for the quarter, representing an improvement of ¥666 million over the same quarter a year ago. ■ www.ebara.co.jp
Pump Industry Analyst
7