Hamon & Compagnie International SA announced consolidated earnings results for the year ended December 31, 2016. For the year, the company reported net loss attributable to equity holders of the company of EUR 62,593,000 or EUR 5.75 per basic and diluted share compared to EUR 5,048,000 or EUR 0.54 per basic and diluted share reported last year. Revenue was EUR 436,555,000 against EUR 698,627,000 reported last year. Operating loss was at EUR 40,733,000 against loss of EUR 7,728,000 reported last year. Loss before tax was EUR 57,895,000 against loss of EUR 3,382,000 reported last year. Net loss from continued operations was EUR 62,973,000 or EUR 5.75 per basic and diluted share against EUR 5,413,000 or EUR 0.54 per basic and diluted share reported last year. Net cash used in operations after restructuring was EUR 75,029,000 against EUR 42,950,000 reported last year. Acquisition of PP&E was EUR 3,919,000 against EUR 4,727,000 reported last year. LBITDA was EUR 24.402 million or EUR 2.24 per share against EBITDA of EUR 25.115 million or EUR 2.68 per share reported last year. Recurring LBIT was EUR 33.551 million against recurring EBIT of EUR 15.369 million a year ago. Net financial debt amounted to EUR 140.6 million on December 31, 2016, versus EUR 84.5 million at the end of 2015. Revenue decline due to the end of the ReACT contract in the NAFTA BU, to the lower level of new order bookings and to delays encountered by some important projects of the Cooling Systems BU and AQS BU. The EBITDA's of the various BUs were very affected by the low volume of activity and by results expected at completion of some projects lower than foreseen.