Assystem Releases its Financial Statements for the Ending Year 2016
The International engineering services consultancy company, Assystem has released its financial statements for the year ending 31st December 2016. The company has announced a â¬955.6 million revenue. This figure is a consolidated revenue that has increased by 5.3%. Assystem is an industrial engineering company with 50 years of experience. Assystem is also a partner in the worldâs largest industrial groups. The other partners in this group are Airbus, Areva, Alstom, EDF, EADS, General Electric, MTU, Peugeot, Renault, Rolls Royce, Safran and Thales. Within this sector Assystem works to create lighter aircraft, electric transport for mass travel. To try and design technology to help us with future products and services, Assystem focuses on trying to make the most of their investments. Since 22nd of May 2014, Assystem has been a public Liability company with a board of directors. Global Product Solutions generated revenue generated by â¬577.5 Million. This revenue made up 60.4% of the consolidated total. This revenue created by Global Product Solutions represents a 9.3% year on year increase. The increase is generated by Aerospace and Automotive activities. Other revenue within this release has been announced for the Energy and Infrastructure business. The revenue for this department has risen 1.5% to â¬315.7 million. This figure represents 33% of the consolidated revenue total. Assystem has been a key part of the engineering industry for 50 years. The company employs 12,000 people on a global scale and has created a total 2016 revenue of â¬955.6 million. Other information released with the revenue publication includes the companyâs operating profit taken before non-recurring items has increased by 15.7%. This means that the operating cost of the company is â¬66.9 million. Assystemâs EBITA margin is up 0.6, and now stands at 7%. This information means the adjusted profit for the period is up 23.1%. This means the adjusted profit for the period now stands at â¬45.8 million.
Amec Foster Wheeler Signs up with EDF Energy
Engineering consultancy experts Amec Foster Wheeler have signed a contract with EDF Energy which means that their services will now be used as support for the coal plants, gas storage sites and the gas fired power station as part of EDFâs Coal, Gas and Renewables Division (CGR). Working under a Technical Support Alliance Agreement, Amec Foster Wheeler is one of only two companies that will be supporting EDF Energy on a strategic basis at the moment, and they will also be supporting EDF Energy Renewablesâ UK wind farms as part of the deal. Our role is to deploy our technical capacity and capability to improve EDF Energyâs operational and commercial performance at all levels and support its aims and objectives for safe, reliable operation said Dawn James, who is the Vice President of Amec Foster Wheelerâs Nuclear Generation and Defence business. The award enables us to build on the capability and services that we have brought to EDF Energyâs nuclear feet for many years. We aim to become a key partner to EDF Energyâs coal, gas and renewables business by providing high quality, cost-effective solutions to their challenges. Pressure systems management, steam turbines and the and the turbo alternator plant are all included within the agreement between the two companies in regards to what the services will be used for, as well as electrical plant management, civil engineering requirements, the gas turbine plant and the control efficiency, performance and reliability management. So it seems like this deal that has been struck up will be very positive for both companies, and the two are likely to form a successful working partnership and move onto big things together in the future. But will we be seeing EDF Energy using more consultancy companies in a similar way to this partnership at some point? It seems likely, but we will have to wait and see if anything else develops.