Hydratec’s consolidated revenue during the first three quarters of 2019 was over 10% higher than during the same period in 2018. More than 60% of this revenue increase was organic. A combination of a lower gross margin and higher fixed operating costs led to operating profit being lower than for the first three quarters of 2018.
All of the clear increase in revenue achieved by Agri & Food Systems was organic. Despite the higher revenue with an unchanged margin, operating profit remained the same. Agri & Food Systems’ order intake decreased during the third quarter.
Plastic Components’ revenue was also clearly higher than for the same period in 2018. Around one-third of this growth was organic. An unfavourable division of the revenue resulted in a lower gross margin and higher fixed costs. As a consequence, operating profit was lower than in 2018.
Bart Aangenendt (CEO) about the past year:
“It would appear that the reticence of the automotive market has spread to other industry sectors. This situation is deemed to be of a temporary nature, but does mean we cannot as yet make a concrete statement regarding the whole of 2019.”
Profile Hydratec Industries
Hydratec Industries is listed on the Euronext
(ISIN NL0009391242, ticker: HYDRA.)
Ir. Bart Aangenendt
CEO Hydratec Industries NV
Tel: +31 33 469 73 25