Ebara Corp,Japan

Key Figures (¥ billion)
Six months ended 30.6
		2020	2019
Net Sales		245.5	248.1
Of Which:
Fluid Machinery & Systems		149.3	154.2
	Of Which:
	Pumps	82.0	88.4
Cost of Sales		180.1	185.7
Gross Profit		65.4	62.4
Operating Income		13.7	13.0
Of Which:
Fluid Machinery & Systems		8.2	5.3
	Of Which:
	Pumps	6.3	5.6
Ordinary Income		12.4	13.3
Net Income Attributable to Owners of Parent		7.4	8.0
Orders Received		257.6	245.6
Of Which:
Fluid Machinery & Systems		150.3	161.8
	Of Which:
	Pumps	83.3	88.6
Backlog of Orders Received		494.4	453.9
Of Which:
Fluid Machinery & Systems		211.2	214.7
	Of Which:
	Pumps	95.3	96.7

Source: Ebara half-year 2020 results.

COMMENT.

Ebara Corp's consolidated sales for the first six months of 2020 were down 1.0% year on year to ¥245.5 billion. The Japanese company reported operating income of ¥13.7 billion for the six months ended 30 June 2020, a 5.3% increase on last year's ¥13.0 billion. Orders received were up 4.9% to ¥257.6 billion.

Ebara's Fluid Machinery & Systems segment sales fell 3.2% to ¥149.3 billion, impacted by the Covid-19 pandemic. Fluid Machinery & Systems segment income was ¥8.2 billion, up 54.3% on last year's ¥5.3 billion, while orders received were down 7.1% to ¥150.3 billion.

In the Pumps business, some projects have been delayed or postponed in oil and gas markets due to the spread of Covid-19 and the decline in crude oil prices. The volume of Ebara's water infrastructure orders was down on last year, while electric power orders were unchanged.

www.ebara.co.jp