Koninklijke Ten Cate NV : TenCate gives preliminary indication of annual figures 2015
January 12 2016 - 1:30AM
Based on preliminary reports,
TenCate expects to have generated 2015 full-year sales of
approximately € 1,160 million
(2014: € 1,042 million) and EBITDA (excluding
exceptional items) of approximately € 97.5 million
(2014: € 84.6 million). Organic growth* for the full
year 2015 was approximately 5% (2014: 4%), according to
preliminary reports, and 2015 year-end net debt was approximately
€ 193 million
(2014: € 216 million).
In October 2015, TenCate indicated to expect
full-year organic sales growth* of approximately 4%, similar to
2014, and EBITDA (excluding exceptional items) of approximately
€ 95 million.
Regular year-end closing procedures have not yet
taken place and may lead to changes. The indicative results
mentioned above are based on preliminary internal reports and have
not been audited.
Final 2015 results will be published on Friday 26
February 2016.
Public offer
On 20 July 2015, Tennessee Acquisition B.V., a
consortium led by Gilde Buy Out Partners, announced its intention
of a public offer for all outstanding shares of Royal Ten Cate. The
offer memorandum and the position statement were published on
21 October 2015. On 21 December 2015, the acceptance
period was extended to 14 January 2016 at 17.40h.
* The 2015 organic sales growth
mentioned above is the increase of sales adjusted for the
divestment of TenCate Enbi and Xennia Technology as well as for
currency effects.
Royal Ten Cate Almelo, the Netherlands, Tuesday 12 January 2016
_____________________________________________________________________
For further information: Gert Steens, investor relations Tel: + 31
546 544 977
Mob: +31 6 2159 7411
Royal Ten Cate (TenCate) is a multinational company that combines
textile technology with chemical processes and material technology
in the development and production of functional materials with
distinctive characteristics. TenCate products are developed,
manufactured and sold throughout the world. Systems and materials
from TenCate come under four areas of application: safety and
protection; space and aerospace; infrastructure and the
environment; sport and recreation. TenCate occupies leading
positions in protective fabrics, composites for space and
aerospace, antiballistics, geosynthetics and synthetic turf.
TenCate is listed on Euronext (AMX).
Press release as PDF
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Source: Koninklijke Ten Cate NV via Globenewswire
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