Picanol NV Logo

Picanol NV

ISIN: BE0003807246 | Ticker: PIC | LEI: 549300TLMDDUQR3DJ408
Country: Belgium

About Picanol NV

Company Description

Picanol Group is a diversified industrial group and it is active worldwide in mechanical engineering, agriculture, nutrition, water management, the efficient (re)use of natural resources, and other industrial markets. The group's products are used in a variety of applications in industrial and consumer markets.

Picanol Group has approximately 7,000 employees worldwide and it is listed on Euronext Brussels (PIC) through Picanol nv. Picanol Group's activities are divided into five business segments: Machines & Technologies, Agro, Bio-valorization, Industrial Solutions, and T-Power.

The segment Machines & Technologies includes the activities Weaving Machines (Picanol), the foundry and mechanical finishing (Proferro) and the development and production of electronics (Psicontrol).

The Agro segment combines our activities in the production, trading and marketing of crop nutrients (liquid crop fertilizers and potassium sulfate fertilizers) and crop protection products.

Year founded


Served area





Steverlyncklaan 15, 8900 Ieper, West-Vlaanderen – Belgium

Financial statements

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Line item in (eur) 02.01.2020 01.01.2021 02.01.2021 01.01.2022
Assets N/A 2,762,700,000.00 N/A 3,032,000,000.00
Noncurrent Assets N/A 1,651,600,000.00 N/A 1,700,900,000.00
Property Plant And Equipment N/A 1,061,800,000.00 N/A 1,086,000,000.00
Goodwill N/A 42,100,000.00 N/A 42,100,000.00
Intangible Assets Other Than Goodwill N/A 469,800,000.00 N/A 401,600,000.00
Investment Accounted For Using Equity Method N/A 20,000,000.00 N/A 19,200,000.00
Noncurrent Receivables N/A 14,400,000.00 N/A 16,100,000.00
Deferred Tax Assets N/A 33,200,000.00 N/A 34,500,000.00
Current Assets N/A 1,111,100,000.00 N/A 1,331,200,000.00
Cash and cash equivalents N/A 345,900,000.00 N/A 366,700,000.00
Shortterm Investments Classified As Cash Equivalents N/A 20,000,000.00 N/A 10,000,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 300,000.00 N/A 200,000.00
Equity And Liabilities N/A 2,762,700,000.00 N/A 3,032,000,000.00
Equity 1,433,000,000.00 1,463,800,000.00 1,463,800,000.00 1,688,400,000.00
Issued Capital N/A 21,700,000.00 N/A 21,700,000.00
Share Premium N/A 1,500,000.00 N/A 1,500,000.00
Equity Attributable To Owners Of Parent N/A 816,300,000.00 N/A 992,800,000.00
Noncontrolling Interests N/A 647,600,000.00 N/A 695,600,000.00
Liabilities N/A 1,298,900,000.00 N/A 1,343,600,000.00
Noncurrent Liabilities N/A 822,500,000.00 N/A 588,000,000.00
Noncurrent Provisions For Employee Benefits N/A 71,200,000.00 N/A 59,900,000.00
Other Longterm Provisions N/A 141,800,000.00 N/A 138,300,000.00
Noncurrent Payables N/A 14,500,000.00 N/A 4,100,000.00
Deferred Tax Liabilities N/A 176,500,000.00 N/A 168,800,000.00
Noncurrent Derivative Financial Liabilities N/A 25,300,000.00 N/A 20,700,000.00
Longterm Borrowings N/A 393,200,000.00 N/A 196,200,000.00
Current Liabilities N/A 476,300,000.00 N/A 755,700,000.00
Current Provisions For Employee Benefits N/A 1,800,000.00 N/A 1,500,000.00
Other Shortterm Provisions N/A 15,100,000.00 N/A 13,600,000.00
Trade And Other Current Payables N/A 374,000,000.00 N/A 513,900,000.00
Current Derivative Financial Liabilities N/A 11,800,000.00 N/A 8,600,000.00
Line item in (eur) 01.01.2020/
Revenue 2,188,500,000.00 2,741,700,000.00
Profit Loss From Operating Activities 158,200,000.00 242,000,000.00
Finance Income 7,700,000.00 63,900,000.00
Finance Costs 45,000,000.00 19,500,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method -1,900,000.00 1,100,000.00
Profit Loss Before Tax 119,000,000.00 287,500,000.00
Income Tax Expense Continuing Operations 32,200,000.00 49,800,000.00
Profit (loss) 86,800,000.00 237,700,000.00
Profit Loss Attributable To Owners Of Parent 55,400,000.00 160,700,000.00
Profit Loss Attributable To Noncontrolling Interests 31,400,000.00 77,000,000.00
Line item in (eur) 01.01.2021 01.01.2022
Profit (loss) 86,800,000.00 237,700,000.00
Adjustments For Finance Costs 45,000,000.00 19,500,000.00
Adjustments For Decrease Increase In Inventories -34,000,000.00 -81,200,000.00
Adjustments For Provisions 8,200,000.00 -3,600,000.00
Adjustments For Undistributed Profits Of Associates 1,900,000.00 -1,100,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets -1,700,000.00 -3,600,000.00
Cash Flows From Used In Operations 368,600,000.00 366,000,000.00
Dividends Received Classified As Operating Activities 100,000.00 100,000.00
Income Taxes Paid Refund Classified As Operating Activities 32,200,000.00 49,800,000.00
Cash Flows From Used In Operating Activities 323,100,000.00 304,000,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities -100,000.00 0.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 5,700,000.00 0.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 5,800,000.00 7,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 111,900,000.00 112,100,000.00
Purchase Of Intangible Assets Classified As Investing Activities 1,100,000.00 400,000.00
Cash Flows From Used In Investing Activities -135,100,000.00 -148,600,000.00
Payments From Changes In Ownership Interests In Subsidiaries 33,200,000.00 55,700,000.00
Payments To Acquire Or Redeem Entitys Shares 4,200,000.00 0.00
Payments Of Lease Liabilities Classified As Financing Activities 24,200,000.00 22,200,000.00
Dividends Paid Classified As Financing Activities 3,500,000.00 600,000.00
Interest Paid Classified As Financing Activities 18,100,000.00 18,200,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities -1,300,000.00 3,200,000.00
Cash Flows From Used In Financing Activities -130,100,000.00 -138,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -2,200,000.00 3,300,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 57,900,000.00 17,500,000.00
Cash and cash equivalents 345,900,000.00 366,700,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

Insider Trades

Date Trading entity / Person Association Trade type Volume
11.09.20 Luetolf Ida Close relation Sell EUR 0.00
30.04.19 Lucnel BM Close relation Buy EUR 48,653.00
25.04.19 Lucnel BM Close relation Buy EUR 60,030.00

Capital markets information







Industry Group

Capital Goods




Industrial Machinery & Supplies & Components

Listed Stock Exchange

Euronext Brussels

Main Stock Exchange

Contact Investor Relations department

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