Sunday 26 July 2020, 08:00
Hydratec achieves 20% increase in revenue and substantially higher profit
Key figures for the first half-year 2018
|Figures in thousands of euros unless stated otherwise||1st half 2018||1st half 2017|
|Net profit (attributable to shareholders)||4,934||2,277|
|Net profit per share (€)||3.84||1.79|
Revenue and results for the first half of 2018:
The consolidated revenue amounted to €95.5 million and as such was 20% higher than last year. As a result of this considerable increase in revenue, the gross margin was also higher. This resulted in a substantially higher operating profit (EBIT) of €6.1 million (€3.2 million in 2017). The net profit consequently also was substantially higher and amounted to €4.9 million.
At Agri & Food Systems revenue was 50% higher than last year and amounted to €41.3 million. This resulted in a substantially higher operating profit of €3.2 million in the first half-year. The order intake was also higher than last year, as a result of which the order book remains well-filled.
At €54.7 million, Plastic Components’ revenue was 4% higher in comparison to the same period last year. Due to the fact that gross margin rose more than fixed costs, the operating profit significantly increased to €3.6 million.
Bart Aangenendt, CEO of Hydratec: “We were off to a good start this year and the outlook for the year as a whole consequently is positive. Due to uncertainties in global trade and the automotive market, it is still too early to make any specific statements for the year as a whole, however.”
The Semi-annual Report is available at www.hydratec.nl
Hydratec Industries NV Profile
Hydratec is a listed, globally operating specialist in industrial systems and components, with a focus on the markets in the Agri & Food, Automotive and Health Tech sectors. Hydratec has two core activities:
Agri & Food Systems. Design, production and installation of systems by:
- Pas Reform Hatchery Technologies in Zeddam (NL)
- Lan Handling Technologies in Tilburg (NL) and Halfweg (NL)
Plastic Components. Design, production and assembly of plastic components by:
- Timmerije in Neede (NL)
- Helvoet Rubber & Plastic Technologies with production facilities in Tilburg (NL), Hellevoetsluis (NL), Lommel (BE), München (DE), Pune (IN), Kaniow (PL)
Hydratec Industries is listed on the NYSE Euronext Amsterdam NV stock exchange (ISIN NL0009391242, ticker: HYDRA).