Hydratec revenue limitedly lower compared to first quarter of 2016
Hydratec’s revenue for the first quarter of 2017 was limitedly lower than for the same period in 2016 due to fewer deliveries by Agri & Food Systems. The lower revenue meant operating profit and net result were also lower.
Although, due to projects being rescheduled, Agri & Food Systems achieved lower revenue and result than in the comparable period in 2016, the margin on the projects that were delivered was higher. The order intake during the first quarter was high, which means the order book is well filled. Sales of new projects to new clients further extended the client base. The number of deliveries is expected to be noticeably higher during the second quarter.
Plastic Components’ product revenue was clearly higher than for the same period last year and, as a consequence, the operation profit also improved. This autonomous revenue increase was, to a great extent, due to an increase within the existing product range. In addition, several important engineering orders for the development of new components were received from strategic clients. Because development-trajectories often require a long period of time, these orders will generate product revenue at long term only. The level of activity during the second quarter is expected to be similar to during the first quarter.
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. Hydratec has two core activities:
Agri & Food Systems. The design and production of systems by:
Pas Reform Hatchery Technologies in Zeddam and
Lan|Abar Handling Technologies in Tilburg and Halfweg
Plastic Components. The design, production and assembly of plastic components by:
Timmerije in Neede and
Helvoet Rubber & Plastics Technologies with production facilities in the Netherlands (Hellevoetsluis and Tilburg), Belgium (Lommel), Germany (Munich) and India (Pune).
Hydratec Industries is listed on the NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)