Over the final months of 2013 the Hydratec operating companies achieved higher turnover than earlier expected which resulted in a higher operating profit amounting to approx. € 6,5 mio. This still is a decrease of 8% as compared to last year. However in early November 2013 we still expected a decrease of around 30%!
Total turnover over 2013 amounted to approx. € 110 mln. In December some large projects were delivered by Agri & Food Equipment companies. We expect that the net result (for the shareholders) will be around € 4 mln. for the full year 2013, as compared to € 4,7 mln. over the previous year.
These based on not yet audited figures, because the full audit is not yet finalized. On march 26th the final results will be published. The annual report over 2013 will be published on April 10th.
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 Man Machine Interfaces (MMI) by Danielson Europe (Hardenberg, Holland and Ayelsbury, UK)
- 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.)