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Koninklijke Ten Cate B.V.

Koninklijke Ten Cate B.V.

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Publicatie datum 23 apr 2015 - 07:30
Statutaire naam Koninklijke Ten Cate B.V.
Titel Koninklijke Ten Cate NV - TenCate trading update for the first quarter of 2015
Bericht TenCate trading update for the first quarter of 2015 TenCate recorded a 20% increase in revenues in the first quarter of 2015. On an organic basis, adjusted in part for the higher dollar exchange rate, revenue growth was 9%. The strong revenue growth in the fourth quarter of 2014 relating to composite materials and synthetic turf continued in the first quarter of 2015. Higher sales of TenCate Defender(TM) M and synthetic turf drove the improvement in margins and earnings. An earnings recovery at TenCate Advanced Armour has not yet materialised.