Wednesday 9 May 2018, 07:47
Trading Update Q1 2018
Considerably higher revenue and acquisitions in both core activities.
Hydratec’s revenue in the first quarter of 2018 was considerably higher in comparison to the same period last year. As a result of the higher revenue, the operating profit and the net profit also rose.
In the Plastic Components core activity, revenue was comparable to last year and profit was slightly higher due to a higher margin. Helvoet was able to add the Kaniow branch of its former supplier in Poland to the Group effective 1/1/2018. This is expected to strengthen Helvoet’s competitive position. Plastic Components’ level of activity in the second quarter is expected to be comparable to that of the first quarter.
Food & Agri Systems started off the year on a positive note with significantly higher revenue and substantially higher profit. At the beginning of 2018, Pas Reform acquired 100% of the shares in NatureForm in the USA, and NatureForm’s results were therefore consolidated this year. Furthermore, following Koch Foods, Tyson Foods, the largest vertically integrated poultry company in the USA, also ordered a large new hatchery from Pas Reform, thereby demonstrating a high level of confidence.
Bart Aangenendt, CEO of Hydratec: “The first quarter was off to a good start for Hydratec, mainly due to the level of activity of the Agri & Food companies. In addition, the Plastics companies are also expected to be capable of achieving an increase in revenue. The order intake and the order book offer encouraging prospects for the 2018 results.”
After 8 years with the company, Mark van den Burg, CFO of Hydratec, announced that effective 1 July 2018 he will continue to pursue his career elsewhere. We would like to thank Mark for his stimulating contribution to Hydratec’s growth and wish him well in his continued career. A search to fill the vacancy this has created has since been started.
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, and has two core activities:
Agri & Food Systems: Design and production of systems by:
Pas Reform Hatchery Technologies in Zeddam (NL) and
Lan Handling Technologies in Tilburg (NL) and Halfweg (NL)
Plastic Components: Design, production and assembly of plastic components by:
Timmerije in Neede (NL) and
Helvoet Rubber & Plastics Technologies with production facilities in Hellevoetsluis (NL), Tilburg (NL), Lommel (BE), München (DE), Pune (IN) and Kaniow (PL).
Hydratec Industries is listed on the NYSE Euronext Amsterdam NV stock exchange (ISIN NL0009391242, ticker: HYDRA).