Key figures first half of 2018
|Figures in € x 1,000 unless stated otherwise||1st half of 2018||1st half of 2017|
|Net result (attributable to shareholders)||4,934||2,277|
|Net earnings per share (in €)||3.84||1.79|
No audit has been carried out
Revenue and results for the first half of 2018:
At € 95.5 million Hydratec’s consolidated revenue was 20% higher than in 2017. The significantly higher revenue meant an improved gross margin, which resulted in a substantially higher operating profit (EBIT) of € 6.1 million (2017: € 3.2 million) and net result of € 4.9 million (2017: € 2.3 million).
Agri & Food Systems’ revenue amounted to € 41.3 million – 50% higher than for the same period in 2017. This resulted in operating profit for the first half of the year increasing substantially to € 3.2 million. As order intake was also up compared to 2017 the order book has remained well filled.
At €54.7 million Plastic Components’ revenue was 4% higher than for the same period in 2017. Because the gross margin increased more than overheads operating profit rose substantially to € 3.6 million (2017: € 2.8 million).
Bart Aangenendt, CEO of Hydratec: “Although we have started the year well and, as a result, the outlook for the coming months is positive, the uncertainties related to global trade and in the automotive market make it too early for us to make a concrete statement regarding the year as a whole.”
Hydratec’s Half-year Report is available on the Company’s website www.hydratec.nl