BG CONSULTING ENGINEERS SUMMARY ANNUAL REPORT INGENIOUS SOLUTIONS

Transcription

1 BG CONSULTING ENGINEERS SUMMARY ANNUAL REPORT

2 Summary Annual Report CONTENTS FOREWORD 2 MANAGEMENT REPORT 3 Key figures Breakdown of turnover CONSOLIDATED SUMMARY FINANCIAL STATEMENTS 4 Consolidated summary balance sheet Consolidated summary income statement AUDITORS' REPORT 5 BG Consulting Engineers

3 FOREWORD 2 The very positive result for the 2017 financial year, despite a slightly lower volume of business than in 2016, has consolidated the BG Group's strategic, financial and commercial position. Our activity remained very strong despite the slowdown of some large projects, particularly in the building sector. We have continued our activities for a large number of repeat customers, whom we wish to thank for their ongoing confidence. Our Group has worked on highly diverse projects and missions in all our traditional fields of activity: Infrastructure, Building, Environment and Energy. We have also made progress in most of our cross-disciplinary services, including consulting, expertise, operations development and management, technical assistance to project owners and operations optimisation. New digital products have been put to excellent use for asset management and the optimisation of service quality, operations and energy. At the operational level, the management principles resulting from the BG+ project were validated in As a reminder, this project, launched in 2016, aims at improving the Group's internal management and sales efficiency. Under the project, the production units and processes were reorganised and customer relations were improved. We continued to invest in IT tools, with expanded use of BIM and the development of new digital products. At the same time, in 2017 we resumed our continuous training efforts for our employees in terms of management and software. On a strategic level, we implemented a new Group organisation, based on three Business Divisions (Infrastructure and Transport, Water and Environment, Building and Energy) and three Market Divisions (Switzerland, France and International). The Executive Board is now reinforced by the creation of a Sales Department and an Innovation Department. Thus, BG's strategic focus on consulting, services and expertise is supported by enhanced innovation and a customer-centric approach. Finally, the succession was prepared by appointing Pierre Epars to take over as CEO in April 2018, with Denis Pourlier-Cucherat becoming Vice-President of the Executive Board in charge of strategic projects. We want to express our sincere thanks to our employees for their commitment, to our shareholders for their support, to our banks and business partners, and above all, to our customers for their trust and loyalty. JEAN-PIERRE TROTIGNON Chairman, Board of Directors PIERRE KOHLER Chairman, Board of Management

4 Summary Annual Report 2017 MANAGEMENT REPORT 3 KEY FIGURES (in thousands of CHF) Consolidated turnover Profit/loss of the year Balance-sheet total Shareholders' equity Annual average workforce (HC) Turnover (exc. third-party services) per employee BREAKDOWN OF TURNOVER DI - Infrastructure and Transport 44.9 % 43.6 % 44.5 % 42.5 % DE - Water and Environment 19.1 % 17.2 % 15.9 % 15 % DB - Buildings and Energy 23.5 % 25.5 % 28.3 % 25.9 % DS - German-speaking Switzerland 12.5% 13.7 % 11.3 % 16.6 % Total 100% 100 % 100 % 100 % NOTES TO THE CONSOLIDATED GROUP FI- NANCIAL STATEMENTS (in thousands of CHF) The consolidated gross turnover of decreased by 2.3% compared to Excluding third-party services (11 955), it was down 4.1%. The profit-and-loss statement indicates a profit of compared to for fiscal Personnel expenses and third-party services (72 848) represent 79.9% of the operating income, versus 76.9% a year earlier. Operating expenses excluding personnel expenses and third-party services and depreciation costs totalled , a decrease of 12.2% compared to Ordinary depreciation amounted to (2 458 pour 2016). The balance-sheet total was stable, falling slightly from to The shareholders' equity of represents 26.8% of total balance-sheet (23.3% at end 2016). The consolidated cash flow statement highlights a significant improvement from to of the flow related to operating activities. BG Consulting Engineers

5 CONSOLIDATED SUMMARY FINANCIAL STATEMENTS 4 CONSOLIDATED TURNOVER (in thousands of CHF) CONSOLIDATED SUMMARY BALANCE SHEET (in thousands of CHF) ASSETS Current assets Non-current assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY 75 Short-term liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity CONSOLIDATED SUMMARY INCOME STATEMENT (in thousands of CHF) to to Operating income Personnel expenses Subcontractors Other operating expenses Depreciation and impairment losses Non-operating income and expenses Direct taxes Profit of the year The original version of these summary financial statements is written in French. In case of inconsistencies between the French original and the English translation, the French version shall prevail.

6 Summary Annual Report REPORT OF THE INDEPENDENT AUDITOR ON THE CONSOLIDATED SUMMARY FINANCIAL STATEMENTS OF BG BONNARD & GARDEL HOLDING SA, LAUSANNE The consolidated summary financial statements on page 4 of this summary annual report, which comprise the consolidated summary balance sheet as of 30 September 2017 and the consolidated summary income statement for the year then ended are derived from the audited consolidated financial statements of BG Bonnard & Gardel Holding SA for the year ended 30 September We expressed an unmodified audit opinion on these consolidated financial statements in our report dated 22 February The consolidated financial statements, as well as the consolidated summary financial statements does not reflect the impact of facts occurred after the date of our report on the consolidated financial statements. The consolidated summary financial statements do not contain all the disclosures required by Swiss law and the principle of consolidation and valuation described in the consolidated financial statements. Therefore, reading the consolidated summary financial statements is not a substitute for reading the audited financial statements of BG Bonnard & Gardel Holding SA as a whole. MANAGEMENT S RESPONSIBILITY The Management is responsible for the preparation of the consolidated summary financial statements in accordance with Swiss law and with the consolidation and valuation principles described in the notes to the consolidated financial statements. AUDITOR S RESPONSIBILITY Our responsibility is to express an opinion on the consolidated summary financial statements based on our procedures, which were conducted in accordance with Swiss Auditing Standard (SAS) 810, Engagements to Report on Summary Financial Statements. OPINION In our opinion, the consolidated summary financial statements derived from the consolidated audited financial statements of BG Bonnard & Gardel Holding SA for the year ended 30 September 2017 are consistent, in all material respects, with these consolidated financial statements, in accordance with Swiss law. KPMG SA ALEXANDRE PROBST Licensed Audit Expert Auditor in Charge Lausanne, March 7, 2018 ARIEL CAPT Licensed Audit Expert The original version of this independent auditor report is written in French. In case of inconsistencies between the French original and the English translation, the French version shall prevail. BG Consulting Engineers

7 OFFICES 6 SWITZERLAND FRANCE ALGERIA AARAU Gönhardweg Aarau T aarau@bg-21.com BAAR/ZUG BG Ingenieure und Berater AG Lindenstrasse 16 CH-6341 Baar/Zug T baar@bg-21.com BERN Stade de Suisse Papiermühlestrasse 71 CH-3014 Bern Tel bern@bg-21.com BIEL Bahnhofstrasse 16 CH-2502 Biel T biel@bg-21.com DELSBERG Rue de la Molière 22 CH-2800 Delémont T delemont@bg-21.com FRIBOURG Rue P.-A. de Faucigny 5 Case postale CH-1705 Fribourg T Fribourg@bg-21.com LAUSANNE Avenue de Cour 61 Case postale 241 CH-1001 Lausanne T lausanne@bg-21.com LUZERN Alpenstrasse 6 CH-6004 Luzern T luzern@bg-21.com NEUCHÂTEL Route des Marais 10a CH-2074 Marin-Epagnier T neuchatel@bg-21.com SCHWYZ Bahnhofstrasse 53 CH-6430 Schwyz T schwyz@bg-21.com SITTEN Rue des Tonneliers 11 CH-1950 Sion T sion@bg-21.com ZÜRICH Leutschenbachstrasse 45 CH-8050 Zürich T zurich@bg-21.com AIX-LES-BAINS 114, boulevard Wilson BP F Aix-les-Bains Cedex T aixlesbains@bg-21.com LYON 13, rue des Emeraudes F Lyon T lyon@bg-21.com MARSEILLE 20, allée Turcat-Méry F Marseille T marseille@bg-21.com PARIS Immeuble Métrosud 1, bd Hippolyte Marquès F Ivry-sur-Seine T paris@bg-21.com TOULOUSE 59, allée Jean Jaures F Toulouse T toulouse@bg-21.com ALGIERS BG Bonnard & Gardel Ingénieurs Conseils 48, rue Mohamed Allilat DZ Kouba-Alger T alger@bg-21.com Algero Swiss Engineering Sàrl 2, bd Said Yacoub DZ Alger Centre T CONSTANTINE BG Ingénieurs Conseils SA Algero Swiss Engineering Sàrl Rue Kadour Boumédous, Bâtiment 3 Bellevue DZ Constantine T T constantine@bg-21.com ITALY TURIN Corso Re Umberto, Torino TO T GENÈVE ARCenter Route de Montfleury Vernier T geneve@bg-21.com

8 BG GROUP HEAD OFFICE BG Ingénieurs Conseils SA Avenue de Cour 61, Case postale 241 CH 1001 Lausanne T F lausanne@bg-21.com