Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Amiad Water Revenue Slips on Slowdown in Europe, U.S. Operations

Sept. 10 (Bloomberg) -- Amiad Water Systems Ltd., an Israel-based water-treatment company, said revenue fell almost 7 percent to $61.7 million in the first half due to European and U.S. municipal and industrial market conditions.

A delay in the implementation of International Maritime Organization regulations for ballast water in ships that will come into force in 2014 affected the results as well, the water-filtration producer that trades in London said today in a statement.

The shares fell the most in a year, 3.8 percent to 314 pence in London, a 6-month low.

Amiad said it’s well-positioned to benefit from the growth opportunity in the ballast market when conditions improve as it’s “expected that around 60,000 ships worldwide will need refitting with one or more cleansing units by 2020, resulting in a filtration market worth approximately $1 billion.”

Irrigation sales were flat compared with a year earlier while oil and gas operation revenues almost doubled to $3 million from a year ago, Amiad said.

Link to Company News:{AFS LN <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at

To contact the editor responsible for this story: Randall Hackley at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.