Home / Knowledge / News / Textiles / TenCate reports EBITA growth of 11% Q3
TenCate reports EBITA growth of 11% Q3
24
Oct '13
In the third quarter of 2013 TenCate recorded an organic increase in EBITA of 11% compared to the third quarter of 2012. This increase is almost entirely attributable to the Advanced Textiles & Composites sector.

The cautious government market (infrastructure and environment) and weakening economic growth in Asia put downward pressure on revenues in the Geosynthetics & Grass sector.

Revenue growth in the third quarter was achieved by the TenCate Advanced Composites, TenCate Advanced Armour and TenCate Grass market groups.

The debt position has decreased further compared to the first half of the year, due to modified control of the company, resulting in a strong cash flow, good control of the working capital and a restrained level of investment.

Advanced Textiles & Composites sector

Sales of TenCate Defender M remained at a low level. Despite increased marketing of TenCate Defender M outside the US, the increase in sales here had a limited impact overall. Sales of TenCate Tecasafe Plus (industrial market) continued to grow strongly.

TenCate Advanced Composites took advantage of the increase in production for both Airbus and Boeing. At other leading OEMs in the aircraft industry too developments were positive. Demand from the space industry remained at a high level.

Armour-related revenues increased compared to the third quarter of 2012, thanks to growing revenues from the market for personal protection. The vehicle armour market remained cautious, while production for aerospace armour recovered in accordance with expectations.

Geosynthetics & Grass sector

In the third quarter the revenues of the TenCate Geosynthetics market group remained at the same level as in the comparable period last year. In Europe and North America revenues grew. However, the pressure on government spending had a negative effect on the margin due to the absence of large projects. Revenues from Asia were below the level of last year as a result of weakening economic growth.

TenCate Grass benefited from a higher capacity utilization rate thanks to favourable market trends and an increase in market share. The demand for GreenFields MX (the 3D-woven synthetic turf system) increased due to its distinctive innovative technology. GreenFields MX is being used by amongst others clubs in the Jupiler League (first division) in the Netherlands.

TenCate

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search