STEADY PERFORMANCE IN A CHALLENGING MARKET

Revenues: €213 million (-2%)
Current operating income: €8.9 million (-6%)
Net income, Group share: €4.9 million (+44%)
Order book at 30 June 2015: €500 million

Heurtey Petrochem announces its consolidated results for the first six months of 2015.

The Board of Directors of Heurtey Petrochem met on 16 September 2015 and approved the Group's half-yearly financial statements, which were subject to a limited review by the Statutory Auditors.

In € million
(IFRS) 		H1 2015 H1 2014 Change
Revenues 212.5 217.1 -2%
Cost of sales (182.5) (185.2) -1%
Gross margin 30.1 31.9 -6%
Administrative and commercial expenses (21.2) (22.4) -6%
EBITDA* 12.7 12.6 +1%
Current operating income
% of revenues		 8.9
4.2%		 9.5
4.4%		 -6%
Other operating income and expenses 0.2 (0.1)
Operating income 9.1 9.4 -4%
Share of equity-accounted companies
Financial profit (loss) 		0
(0.1) 		(0.1)
(2.9)
Income before tax 9.0 6.4 +40%
Tax (4.1) (2.5)
Consolidated net income 4.9 3.9 +27%
Net income, Group share** 4.9 3.4 +44%


* EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortisation.
** Acquisition of 100% of Prosernat as of 1 June 2014.

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