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

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search