Home / Knowledge / News / Textiles / TenCate Q1 revenues skid 7%
TenCate Q1 revenues skid 7%
28
Apr '14
TenCate recorded a decline in revenues of 7% in the first quarter of 2014, with 2% of this being the result of currency effects. The lower defence revenues had a considerable effect on profitability.
 
TenCate does not consider the results for the first quarter to be representative of the year as a whole, particularly in view of the seasonal nature of a large part of the revenues and the low number of major projects in the first quarter. The net debt declined by €37 million, with the debt ratio on balance remaining unchanged.
 
For the year as a whole TenCate maintains its growth projection in respect of the trend in revenues for the company, barring unforeseen circumstances.
 
Advanced Textiles & Composites Sector
The defence-related revenues within the Advanced Textiles & Composites sector decreased sharply in the first quarter of 2014 compared to the first quarter of 2013. Defence-related revenues are expected to recover strongly, based on current orders and orders that are expected.
 
Revenue growth was recorded within TenCate Protective Fabrics in the first quarter in the market for emergency response and for industrial safety (TenCate Tecasafe Plus). 
 
Activities in automotive and industrial composites made a significant contribution to the growth in revenues of the TenCate Advanced Composites sector. 
 
Geosynthetics & Grass Sector
TenCate Geosynthetics achieved limited revenue growth in Europe and the American continents. In Asia the market for infrastructure projects remained depressed, as a result of lower government budgets and local political uncertainty. 
 
Global fibre production at TenCate Grass achieved growth in revenues and higher profitability as a result of recovering market demand for high-grade fibres, in part due to a shift in the mix towards high quality products. The costs that were entailed in the development of the GreenFields marketing and sales organization in the United States put downward pressure on the Grass downstream activities.
 
Royal Ten Cate (TenCate) is a multinational company that combines material technology with chemical processes in the development and production of functional materials with distinctive characteristics, with the mission of 'Protecting People'. Systems and materials from TenCate come under six end markets: personal protection; defence; mobility; infrastructure; water management; sport and recreation. TenCate occupies leading positions in protective fabrics, composites for aerospace, antiballistics, geosynthetics and synthetic turf.
 

TenCate


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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