Home / Knowledge / News / Textiles / Sioen Industries posts slight dip in YTD Q3 sales
Sioen Industries posts slight dip in YTD Q3 sales
10
Dec '13
Hit by lower revenue from the coating division, Belgium’s Sioen Industries NV which manufactures technical textiles, fine chemicals and high-tech protective clothing witnessed a slight decline in YTD (Year-to-Date) sales at the end of the third quarter of 2013.
 
In the nine months ended 31 October 2013, the Ardooie headquartered company posted a decline of 0.6 per cent in sales from continuing operations at 243.3 million euro from 244.7 million euro in the same period a year ago.
 
The Belgium textile manufacturer comprises of three divisions which are the Coating Division, Apparel Division and the Industrial Applications Division.
 
Sales at the companies coating division which manufactures yarns, fabrics and technical coated textiles fell to 146.1 million euro in YTD Q3 2013 from 150.7 million euro in the same period last year even as revenue from direct coating and transfer coating grew at a faster pace in the third quarter of 2013.
 
However, the company’s apparel division which manufactures innovative technical protective clothing witnessed a growth in sales of 4 per cent at 70.7 million euro at the end of the third quarter of 2013, up from 68 million euro in the same period a year ago with nearly all the product lines posting growth in the first nine months of the year.
 
Revenue from the chemicals divisions rose 1.4 per cent to 36.9 million euro in YTD Q3 2013 from 36.3 million euro in the same period a year ago.
 
While Sioen Industries believes that predicting the economic outlook and its impact on the company’s business may be difficult, a diversified product portfolio, strong emphasis on R&D and cost consciousness are factors that may hold the company in good stead, going forward.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
June 2017

June 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