At € 113 million the total revenue from Hydratec’s activities was substantially higher than in 2014 (€ 71 million). Gross margin rose to 50.1%. Operating profit amounted to € 7.8 million compared with € 4.7 million in 2014. This was due to the acquisition of Helvoet Rubber & Plastics Technologies and Abar Automation. In addition, in 2015 a 100% interest in all the consolidated companies was acquired and Euro Mouldings was sold. Hydratec’s net result rose from € 7.9 million to € 11.6 million of which € 7.7 million was one-time income from the sale of Euro Mouldings and the acquisition of Helvoet. Group equity rose from € 38.3 million to € 44.3 million and solvency amounted to 36.9%. Earnings per share amounted to € 8.82 of which € 6.30 was the result of one-time income and € 2.52 was the result of normal business operations.
Bart Aangenendt (CEO) regarding the past year:
“2015 was a dynamic year for Hydratec in several ways. Both the Company’s core activities – Agri & Food Systems and Plastic Components – are now well positioned to achieve more focused growth.”
Key figures 2015 vs. 2014
|(in millions of euro)|
|Net revenue (continued activities)||113.4||71.0|
|Gross margin (continued activities)||56.8||33.5|
|Operating profit (continued activities)||7.8||4.7|
|Net result (continued activities)||6.9||4.7|
|Net result (discontinued activities)||3.6||4.3|
|Net result attributable to shareholders||10.8||6.9|
|Net earnings per share (in euro)||8.82||5.62|
2015 Annual Report
The 2015 Annual Report will be published on Thursday 7 April. The audit is currently still being completed.
During the Annual General Meeting on 31 May a dividend of € 1.37 per share, the same as for 2014, will be proposed to the shareholders. This is in-line with the policy of paying-out at least 40% of the net result to shareholders (excluding one-time income).
During the past year the continuing uncertain macro-economic conditions had a noticeable effect on the demand for Hydratec’s products. Despite this our companies proved themselves capable of acquiring new orders from existing clients and gaining new clients and, as a result, achieving both revenue and profit growth. In our view it is still too early to express an opinion regarding the expected results for 2016.
Profile Hydratec Industries NV
Hydratec is a stock exchange listed, globally operating specialist in industrial systems and components with a focus on the Agri & Food, Automotive and Health Tech markets. The Company has two core activities:
Agri & Food Systems. The design and manufacture of systems by:
Pas Reform Hatchery Technologies in Zeddam and
Lan|Abar Handling Technologies in Tilburg and Halfweg
Plastic Components. The design, manufacture and assembly of plastic components by:
Timmerije in Neede and
Helvoet Rubber & Plastics Technologies with manufacturing facilities in the Netherlands (Hellevoetsluis and Tilburg), Belgium (Lommel), Germany (Munich) and India (Pune).
Hydratec Industries is listed on NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)