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Koninklijke Ten Cate N.V.

Koninklijke Ten Cate N.V.

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Publicatie datum 20 jul 2012 - 08:05
Statutaire naam Koninklijke Ten Cate N.V.
Titel Koninklijke Ten Cate NV : Adjustment to 2012 profit forecast and sharpening of TenCate strategic focus
Bericht Highlights Continuing uncertain political climate combined with economic conditions has had a negative effect on government expenditure in 2012. Decrease in TenCate revenues of approximately 9% to € 540 million in the first six months. EBITA for the first half of 2012 approximately € 32 million (first half of 2011: € 56 million). Expected decrease in revenues in TenCate Defender(TM) M portfolio stronger than previously expected in the first half of 2012. Positive trend in sales in emerging markets. Developments at TenCate Advanced Composites, TenCate Geosynthetics and TenCate Grass in line with expectations. Profit forecast for 2012 as a whole reduced due to uncertainties in the order position for government projects. Sharpening of strategy and cost reductions will result in a future positive effect on EBITA of approximately € 25 million on an annual basis. Prospect for growth remains in force. (The figures mentioned here are provisional)

Datum laatste update: 24 juni 2024