Limitedly higher revenue and markedly higher order intake
Hydratec’s consolidated revenue for the first three quarters of 2017 was slightly higher than for the same period in 2016. This is the main reason for the increase in operating profit. The improved market positions of the individual companies and positive macro-economic developments resulted in a clearly higher order intake.
Compared to 2016, Agri & Food Systems’ revenue was slightly higher and its gross margin improved. Operating costs also rose slightly due to intensified R&D efforts. As a result operating profit was comparable to last year. Thanks to a clearly higher order intake, especially from North America, the order book is well filled.
Plastic Components’ revenue also rose compared to last year. Internal projects aimed at increasing internal efficiency resulted in a higher gross margin. The higher revenue also meant that, on a percentage basis, operating costs decreased. This resulted in higher operating profit. A further expansion of Plastics’ client base will lead to components for which stringent demands related to hygiene and customization are applicable being produced in the future.
Outlook for the whole of 2017
Our forecast that Hydratec’s revenue and operating profit for the second half of 2017 will be higher than for the first half of the year remains unchanged.
20 years of stock exchange listing
On 4 November it was exactly 20 years since Hydratec was first listed on the Euronext Amsterdam stock exchange. To mark the occasion, on 3 November Hydratec’s CEO, Bart Aangenendt, sounded the gong to open trading on the Exchange. He was accompanied by Messrs. E. ten Cate and M. van den Burg.
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) and India (Pune).
Hydratec Industries is listed on the NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)