For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring unforeseen circumstances and currency effects.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
Summary of first half of 2014
-Revenues for the first half of 2014 remain unchanged in organic terms; 5% organic growth in revenues in the second quarter.
-Substantial increase in revenues from composites and synthetic turf offsets virtually the entire decrease in defence-related revenues.
-EBITA for the first half declines in organic terms by 13%; EBITA in the second quarter increases by 22% in organic terms.
-Earnings per share €0.38 (H1 2013: €0.50).
-Net debt / EBITDA ratio virtually unchanged at 2.87.
-TenCate maintains expectation for the year as a whole; increase in defence revenues in second half of the year.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
The defence-related revenues within TenCate Protective Fabrics and TenCate Advanced Armour show, on the basis of the current order position, a more favourable picture for the second half of the year compared to the first half. This positive sentiment can be ascribed to recent orders for TenCate Defender M and the order positions for armour composites.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
Loek de Vries, Chairman and CEO of Royal Ten Cate: ‘After a weak first quarter, an improvement in revenues and result occurred in the second quarter. Revenues and EBITA increased in organic terms by 5% and 22% respectively in the second quarter.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
The policy-related strengthening of marketing and sales activities within the company and the introduction of composites into new markets showed positive results. As a result of strong growth in the composites and synthetic turf activities, the decline in revenues in defence markets was largely offset.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
The defence-related activities represented 4% of the revenues in the first half of 2014 (first half of 2013: 9%). Although defence budgets have been depressed for a prolonged period, TenCate is investing in innovations for this market. This has strengthened the market position in particular of TenCate Advanced Armour.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
TenCate expects revenues from defence markets to increase in the second half of the year.
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
The previously announced revenue growth projection for the company remains unchanged for the year as a whole.’
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
Performance by sector
Advanced Textiles & Composites sector
The revenues of the Advanced Textiles & Composites sector declined in the first half of 2014 by 9% to €206.9 million (organic -7%, currency effect -2%). EBITA rose by 4% to €14.6 million (organic +7%, currency effect -3%).
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
For the year as a whole TenCate maintains its previously announced growth projection in respect of the trend in revenues for the company, barring #
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