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Koninklijke Ten Cate B.V.

Koninklijke Ten Cate B.V.

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Publicatie datum 25 jul 2013 - 08:10
Statutaire naam Koninklijke Ten Cate B.V.
Titel Koninklijke Ten Cate NV : TenCate records € 13 million net profit in first half of 2013
Bericht Summary of first half of 2013 - Decline in revenues of 5% to € 514 million (organic -6%, currency effect -1%, acquisitions / divestments 2%). - Defence-related revenues in the US declined by US $17 million; delay in revenues of the Geosynthetics & Grass sector due in part to adverse weather conditions. - Increased order positions and recovery in revenues in the second quarter, mainly at TenCate Advanced Armor USA and the Geosynthetics & Grass sector. - EBITA declined by 8% to € 29 million (organic -9%, currency effect -1%, acquisitions / divestments 2%). - Net profit € 13 million (H1 2012: €14 million). - Earnings per share € 0.50 (H1 2012: €0.54). - Decline in FTEs by approximately 470 since June 2012 on a comparable basis. - Steep decline in net interest-bearing debt (€ 74 million) at the end of June despite acquisition of Amber Composites; net debt / EBITDA ratio 2.8.