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Hydratec Industries N.V. — Earnings Release 2012
Jul 26, 2012
3851_iss_2012-07-26_40443010-9625-4481-9df4-262074337139.pdf
Earnings Release
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Press release
2012 Semi-Annual financials
Amersfoort, July 26th 2012
Hydratec: Higher turnover and results
| Financials in € x 1,000 unless specified | 1st half 2012 |
1st half 2011 |
|---|---|---|
| Nett Turnover |
59,071 | 32,514 |
| Gross Margin |
24,214 | 15,902 |
| EBIT | 3,334 | 2,592 |
| Nett Result |
2,355 | 1,866 |
| Nett Result for Shareholders |
2,023 | 1,568 |
| Nett Earnings per share (in € ) |
1.66 | 1.33 |
The consolidated turnover of Hydratec Industries NV over first half 2012 increased to € 59.1 mio. The inclusion of the turnover of the in September last year acquired Agri & Food Equipment added € 27.9 mio. to overall turnover.
Roland Zoomers (CEO): "Because the acquired companies now fully contributed, our overall turnover and results are higher than the same period last year. But all companies are facing weakening demands from the effects of the crises in the various markets. Fortunately we see that the turnovers are relatively stable since beginning of this year. Margins at our Plastic companies are lower from the continued price increases of raw materials. Danielson benefits from its market position in Germany. Turnover at Pas Reform is lower, causing a drop in EBIT. But the activities and order intake at LAN handling systems are at a high level..
The EBIT increased to € 3.3 mio. (from € 2.6 mio over 2011) amounting to 5.6% of turnover (8.0 % last year) .
Net Earnings for shareholders increased by 29% to € 2.0 mio. (vs. € 1.6 mio over same period 2011).
Expectations for 2012
Because the newly acquires activities will fully contribute this year, turnover and net results of Hydratec NV for full 2012 will have to increase as compared to last year. At all companies the orderbooks are still at a relatively good level, given the economic circumstances. We expect stable turnover levels as long as the overall economic situation does not worsen. All companies will positively contribute to overall earnings.
Profile Hydratec Industries NV ( Hydratec)
Hydratec is an industrial holding company with companies engaged in the following sectors:
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- Design, development and production of Agri & Food Equipment by Pas Reform Hatchery Technologies (Zeddam, Holland) en LAN Handling Systems (Tilburg, Holland)
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- Design, development and production of Man Machine Interfaces (MMI) by Danielson Europe (Hardenberg, Holland and Ayelsbury, UK)
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- Design, development and production of plastics-parts and-packaging by Timmerije (Neede, Holland) and Euro Mouldings (Nijverdal, Holland)
Hydratec Industries is listed at NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)
Web: www.hydratec.nl
Contact
Roland Zoomers CEO Hydratec Industries NV Tel: +31 33 469 73 25 Mob: +31 6 53 39 76 33 E-mail: [email protected]