Hydratec achieves a higher operating result and a lower net result.
In 2019 Hydratec’s revenue rose by € 11 million to € 220 million. Food & Industrial Systems’ achieved 3.5% organic growth, but higher costs meant the Food & Industrial division companies saw their net result decrease. Plastic Components achieved 7.9% growth of which 2.5% was organic. Although this was a substantial improvement the results were still below the desired level. The consolidated operating profit amounted to € 10.2 million – an increase of 14.7% compared to the previous year (2018: € 8.9 million). Due to a normal tax liability in 2019, rather than a tax gain as in 2018, net result was lower and amounted to € 6.6 million (2018: € 8.5 million). Earnings per share were € 5.16.
Bart Aangenendt (CEO) regarding the past year:
“After a good start to the year the result in the second half of 2019 was less good due to relatively-high engineering revenue with disappointing margins. Revenue over the entire year rose by 5.4% of which 2.1% was organic growth. Two acquisitions – Stork and Rollepaal – broadened our market position within Food & Industrial Systems still further.”
Key figures 2019 vs. 2018
|(in millions of euro)|
|Net result attributable to shareholders
|Net earnings per share (in euro)
Dividend per share (in euro, 2019 proposal)
2019 Annual Report
The 2019 Annual Report will be published on Thursday 2 April 2020. Currently the audit is sill being completed.
Due to the Corona pandemic the economic situation is very uncertain at present and for this reason we propose no dividend is paid out in respect of 2019. Whether there is room for an interim dividend will be assessed in the autumn of 2020.
As always macro-economic developments, such as volatile foreign currency exchange rates, trading restrictions, and now also the Corona-virus, will affect our clients’ willingness to invest. However, the companies’ positions in their own niche markets are as strong as ever.
Due to the exceptional conditions as a result of the Corona-virus we believe expressing an opinion regarding the expected results for 2020 is impossible at this time. At the moment we are inventorying the possible consequences and implementing the measures required to limit the impact on Hydratec Industries.