Revenue and results for the first half of 2017:
At € 79.8 million Hydratec’s consolidated revenue remained stable compared to 2016. The higher gross margin was, to an extent, negated by higher operating costs. This resulted in a slightly higher operating profit (EBIT) of € 3.2 million. Net result amounted to € 2.3 million.
Compared to 2016, Agri & Food Systems’ revenue was slightly lower while its absolute margin remained the same. The core activity’s operating profit fell slightly to € 1.0 million (first half of 2016: € 1.8 million) due to higher operating costs, primarily caused by increased R&D efforts. Order intake was considerably higher than during the same period in 2016 and the order book is now well filled. Recently Pas Reform received an order from Koch Foods (USA) for the equipping of North America’s largest hatchery in Henagar, Alabama. This order, which is worth over € 10 million, will be delivered in 2018.
At € 52.6 million Plastic Components’ revenue was fractionally higher that for the same period in 2016. Internal projects aimed at increasing internal efficiency resulted in a higher gross margin and, as a consequence, a significantly higher operating profit of € 2.8 million (2016: € 1.8 million).
Key figures first half of 2017
|Figures in € x 1,000 unless stated otherwise||
1st half of 2017
1st half of 2016
|Net result attributable to shareholders||2,277||2,298|
|Net result per share (in €)||1.79||1.88|
No audit has been carried out
Forecast for the whole of 2017:
We expect Hydratec’s revenue and operating profit during the second half of 2017 will be higher than for the first half of the year.