Sioen Industries n.v., producer of technical textiles, fine chemicals and high-tech protective clothing, announces its YTD results at the end of the third quarter 2011.
Consolidated Results (continuing operations) : At the end of Q3, the Sioen Industries Group realized sales from continuing operations of EUR 243.5 million compared to EUR 215.5 million last year or a growth of 13 %.
Coating Division: extrusion of yarns, fabrics and coated technical textiles This division achieved sales of EUR 149.6 million YTD Q3 2011, against EUR 132.2 million over the same period last year, or a growth of 13.2 %. This growth is driven by the direct coating (transport, textile architecture, camping, agriculture) on the one hand and by the online coating (construction and agriculture) on the other hand.
Apparel Division: hightech protective clothing This division realised a growth of 18.1 % compared to last year (EUR 68.4 million in 2011 compared to EUR 57.9 million in 2010). Growth is situated in almost all markets in which the division is active (professional protective clothing, military, outdoor and leisure wear).
Chemicals Division: pigment pastes, inks, varnishes, color powders and dispersions The sales of this division increased with 3.1 %, to EUR 37.8 million, against EUR 36.6 million over the same period last year. Mainly the industrial pastes have contributed to this growth.
Outlook: The current economic situation does not allow to confirm that the growth of YTD sales will continue in the fourth quarter.
Sioen Industries is a diversified multi-national group of manufacturing companies, active in textiles, fine chemicals and protective apparel.
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