Significantly higher revenue plus acquisitions for both core activities.
Hydratec’s revenue for the first quarter of 2018 was significantly higher than for the same period in 2017. The higher revenue meant operating profit and net result also rose
Although Plastic Components’ revenue was comparable to the same period last year, the core activity’s result increased slightly due to the margin being higher. Helvoet was able to add the Kaniow facility of its former supplier in Poland to the Group as of 1 January 2018. This will reinforce Helvoet’s competitive position. Plastic Components’ activity level in the second quarter of the year is expected to be comparable to the first quarter
The year began well for Food & Agri Systems with a substantial increase of both revenue and result. At the beginning of 2018 Pas Reform acquired 100% of the shares of NatureForm in the USA, which means that this year NatureForm’s results will be consolidated. In addition, after Koch Foods also Tyson Foods – the largest poultry-integration in the USA – has ordered a new, large hatchery from Pas Reform, which instils considerable confidence
Bart Aangenendt, CEO van Hydratec: “The first quarter of 2018 began well for Hydratec, primarily due to the activity level of the Agri & Food companies. The Plastics companies should also be able to achieve an increase in revenue. Looking at the order intake and the order book the prospects for the 2018 results are encouraging.”
Mark van den Burg, CFO of Hydratec, has announced that, after eight years with the Group, as of 1 July 2018 he will be continuing his career elsewhere. We would like to thank Mark for his stimulating contribution towards the growth of Hydratec and wish him every success in the future. The search for a replacement for Mark has begun.
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 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), India (Pune) and Kaniow (PL).
Hydratec Industries is listed on the NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)