Last year in May , Hydratec sold its so-called MMI business , which resulted in an extra-ordinary gain of € 2.8 mio. The continued operations generated an turnover of € 91.6 mio over 2014 (an increase of 1% at € 90.8 mio. over the previous year). The gross margin increased thereby compensating for the increased operating costs. Therefore the operating result was at same level of the previous year at € 6.2 mio. The extra-ordinary profit increased total net results to € 7.9 mio (as compared to € 5.2 mio over 2013). Profit per share amounted to € 5.62 (vs. € 3.42 over 2013).
Roland Zoomers (CEO) comments on last year results:
“At all the companies we focused and took actions to ensure that gross margins were kept at acceptable levels. The companies active in the plastics were able to increase their turnover. At the Agri + Food activities we see that the world wide unstable economic developments and currency fluctuations, especially in Russia and the Ukraine, cause delays in investment decisions. But we can compensate for that because of our enlarged presence in other areas.
The sale of Danielson resulted in a significant extra-ordinary income which resulted in a much higher net profit!”
Key figures 2014 vs 2013 (unaudited)
|(in mio euros)|
|Net-turnover (continued operations)||91.6||90.8|
|Gross Margin (continued operations)||42.4||39.2|
|Operating Result (continued operations)||6.2||6.4|
|Net Result (continued operations)||4.6||4.8|
|Net Result (discontinued opertaions )||3.3||0.4|
|Net Result for Shareholders||6.9||4.2|
|Net Profit per Share (in euros)||5.62||3.42|
Annual report 2014
The annual report will be published on Friday April 3rd .
A dividend of € 1.37 (same as last year) will be proposed to the shareholders meeting, to be held on May 21st. In line with the company policy of a pay-out of at least 40% of the net result (excluding extraordinary profit).
During the past year we were faced with the effects of the continued depressed economic situation. This especially in the demands for the products of our industrial supply activities in Plastics. However they have been able to cope with that and still increase turnover. The Agri & Food Equipment companies have very good order books, of which a substantial part are projects scheduled for the second half of the year.
It is still too early to make any statement about the expected results for this year.
Profile Hydratec Industries NV (Hydratec)
Hydratec is an industrial holding company with companies engaged in the following sectors:
- Design, development and production of Agri & Food Equipment by Pas Reform Hatchery Technologies (Zeddam, Holland) en LAN Handling Systems (Tilburg, Holland)
- Design, development and production of plastics-parts and-packaging by Timmerije (Neede, Holland) and Euro Mouldings (Nijverdal, Holland)
Hydratec Industries NV is listed at NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)