Sogea - 1999 annual report - Vinci
Sogea - 1999 annual report - Vinci Sogea - 1999 annual report - Vinci
2 EDITORIAL In 1999, the substantial improvement in Sogea’s results in virtually all of its major operating areas was confirmed. The Group’s markets - building, civil engineering, hydraulic engineering and services - returned to growth, driven by private-sector investment in housing and industry in particular. Sogea’s organization, based on its dense network of specialized contractors linked together by its multidisciplinary regional Divisions, enabled the Group to make the most of the improved economic situation by pursuing selectivity of order-taking. The return to a sounder business situation gave Sogea the opportunity to select business in a more discriminating way, get to know its customers better, develop the training of its people, improve production and strengthen the added value of its business activity. This enabled the Group to take part in a number of high-profile projects. In France, the Adria Tower at La Défense, the Rauze and Verrières Viaducts, the re-routing of network systems as part of the Montpellier, Strasbourg and Orleans tramway projects, new maintenance contracts in the Paris area, and the private car parks built and operated by Sogea in Marseille and Nice are a few examples. On the international market, which accounts for half the Group’s net sales, Sogea’s strategy of putting down strong roots continued to bear fruit. The company recorded good results in the United Kingdom and is successfully pursuing its policy of expansion in Africa. Norwest Holst received its first PFI (Private Finance Initiative) contract in Wales, while Sogea and Satom were awarded major roadworks projects in Central Africa, various civil engineering projects in Morocco and several hydraulic engineering contracts in West Africa. International development, focused on hydraulic engineering, similarly chalked up significant successes in Palestine, Kosovo and Kazakhstan. In the Indian Ocean and the West Indies, the Group’s business was driven by major environmental engineering projects. The 1999 momentum at Sogea is expected to continue unabated in 2000. The Group intends to step up its sales policy based on customer responsiveness and local service and to pursue its strategy of profitability and selectivity by focusing on its high added value range of products and services. Sogea will be implementing this strategy on the basis of the synergies and development momentum provided by the now independent SGE Group, which is asserting its leading position on the European construction market. Xavier Huillard Chairman and CEO
Comprehensive expertise provided locally Sogea operates primarily in four main business sectors: building, civil engineering, hydraulic engineering and services. In 1999, with markets generally picking up and volumes recovering after the strong drop of previous years, Sogea posted net sales of 1,959 million euros, including 609 million euros in Norwest Holst net sales. With 15,000 employees, Sogea is made up of multidisciplinary regional Departments which are structured as a particularly dense network of specialized, autonomous and decentralized agencies and subsidiaries. The company’s locations are first and foremost in mainland France, the French West Indies, the Indian Ocean, Africa, the Benelux countries and the United Kingdom. In mainland France, Sogea has a network of over 100 profit centres Board of Directors Serge Michel Honorary Chairman and Director Xavier Huillard Chairman of the Board located geographically close to their customers, and is one of the leading French construction companies and the third largest car park operator in France. With their operations going back more than half a century in the French West Indies and 35 years in the Indian Ocean, Sogea and its subsidiaries are among the leading building and civil engineering companies in the French overseas departments and territories. In Africa, where they have been operating for 70 years, Sogea and its subsidiary Satom have 26 agencies and are the leading building and civil engineering companies in western and central Africa. In Europe Sogea is more particularly represented in the Benelux countries by Denys and in the United Kingdom by Norwest Holst, one of the major construction companies in that country. Directors Gérard Billaud Michel Cambournac Bernard Huvelin Jean Malassigné Roger Martin Gérard Mohr Pierre Parisot Antoine Zacharias PROFILE Executive Committee Xavier Huillard Chairman and Chief Executive Officer Pierre-Michel Chaudru Deputy General Manager, Île-de-France Jean Rossi Deputy General Manager, French Regions Philippe Ratynski Deputy General Manager, International Finally, Sogea is present, on a caseby-case basis, in other geographic areas in its traditional hydraulic engineering business. Sogea is both a local company, thanks to its locations geographically close to its customers, and a global company thanks to its cohesion and size; it can therefore provide all its customers with high-level expertise in a partnership relationship which is further strengthened by Sogea’s mastery of the main stages of construction projects, from design to construction, financing and maintenance. John Stanion Chairman and Chief Executive Norwest Holst Group PLC Pierre Billon Financial Director Jérôme Benet Legal Director Hervé Meller Human Resources Director 3
- Page 1: 1999 ANNUAL REPORT
- Page 6 and 7: 4 Turnover by geographic area as pe
- Page 8 and 9: 6 HIGHLIGHTS JANUARY • Sobea Île
- Page 10 and 11: 8 HUMAN RESOURCES As part of the de
- Page 13 and 14: BUILDING Sogea is today a leading o
- Page 15 and 16: more than a builder: attuned as it
- Page 17 and 18: 4 5 1. Sogea Nord-Ouest completed t
- Page 19: uild a building at the fruit termin
- Page 22 and 23: 20 CIVIL ENGINEERING The market for
- Page 24 and 25: 22 CIVIL ENGINEERING the La Galaube
- Page 26 and 27: 24 CIVIL ENGINEERING In civil engin
- Page 29 and 30: HYDRAULIC ENGINEERING Sogea has rec
- Page 31 and 32: CATCHMENT Activity 2 3 A mountain o
- Page 33 and 34: 4 3. In July 1999, Aimé Césaire,
- Page 35: Outlook In its traditional operatin
- Page 38 and 39: 36 SERVICES Over the last couple of
- Page 40 and 41: 38 SERVICES In 1999, Sogea’s posi
- Page 42 and 43: 40 SERVICES 1999 was the year in wh
- Page 44 and 45: 42 ADDRESSES Sogea 9, place de l’
- Page 46: Photography credits: Y. Blond, J.-P
2<br />
EDITORIAL<br />
In <strong>1999</strong>, the substantial improvement in <strong>Sogea</strong>’s<br />
results in virtually all of its major operating areas<br />
was confirmed. The Group’s markets - building,<br />
civil engineering, hydraulic engineering and services -<br />
returned to growth, driven by private-sector<br />
investment in housing and industry in particular.<br />
<strong>Sogea</strong>’s organization, based on its dense network<br />
of specialized contractors linked together by its<br />
multidisciplinary regional Divisions, enabled the<br />
Group to make the most of the improved economic<br />
situation by pursuing selectivity of order-taking.<br />
The return to a sounder business situation gave<br />
<strong>Sogea</strong> the opportunity to select business in a more<br />
discriminating way, get to know its customers<br />
better, develop the training of its people, improve<br />
production and strengthen the added value of its<br />
business activity.<br />
This enabled the Group to take part in a number<br />
of high-profile projects. In France, the Adria Tower<br />
at La Défense, the Rauze and Verrières Viaducts,<br />
the re-routing of network systems as part of<br />
the Montpellier, Strasbourg and Orleans tramway<br />
projects, new maintenance contracts in the Paris area,<br />
and the private car parks built and operated by <strong>Sogea</strong><br />
in Marseille and Nice are a few examples.<br />
On the international market, which accounts for half<br />
the Group’s net sales, <strong>Sogea</strong>’s strategy of putting down<br />
strong roots continued to bear fruit. The company<br />
recorded good results in the United Kingdom and is<br />
successfully pursuing its policy of expansion in Africa.<br />
Norwest Holst received its first PFI (Private Finance<br />
Initiative) contract in Wales, while <strong>Sogea</strong> and Satom<br />
were awarded major roadworks projects in Central<br />
Africa, various civil engineering projects in Morocco and<br />
several hydraulic engineering contracts in West Africa.<br />
International development, focused on hydraulic<br />
engineering, similarly chalked up significant successes<br />
in Palestine, Kosovo and Kazakhstan. In the Indian<br />
Ocean and the West Indies, the Group’s business was<br />
driven by major environmental engineering projects.<br />
The <strong>1999</strong> momentum at <strong>Sogea</strong> is expected to continue<br />
unabated in 2000. The Group intends to step up its<br />
sales policy based on customer responsiveness and<br />
local service and to pursue its strategy of profitability<br />
and selectivity by focusing on its high added value<br />
range of products and services.<br />
<strong>Sogea</strong> will be implementing this strategy on the basis of<br />
the synergies and development momentum provided by<br />
the now independent SGE Group, which is asserting its<br />
leading position on the European construction market.<br />
Xavier Huillard<br />
Chairman and CEO
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