Home / Knowledge / News / Corporate / Picanol Group reports FY19 revenue of €2,221 million

Picanol Group reports FY19 revenue of €2,221 million

Mar '20
Pic: Picanol Group/ Melotte
Pic: Picanol Group/ Melotte
Picanol Group, a diversified industrial group, reported 3 per cent revenue decline to €2,221 million in full fiscal 2019 compared to revenue of €2,287.6 million in prior year. Machines & Technologies revenue fell 28 per cent to 478.4 million reportedly due to the global slowdown in the machine market, driven by the uncertain macroeconomic climate. 
Agro revenue remained stable at €602.8 million, while the revenue of Bio-valorisation increased 7.5 per cent to €543.1 million due to the performance of PB Leiner. The revenue of Industrial Solutions increased 1.2 per cent to 526.0 million due to the contribution of Dyka Group, as reported. T-Power, only fully acquired in fourth quarter, contributed €71.1 million to the 2019 revenue, which was in line with the company’s expectations.
The profit for FY19 fell to €41.7 million compared to €110.9 million in prior year. Gross profit for the year was €455.6 million compared to €547.5 million in prior year.

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Holding cost will affect apparel manufacturers

That brands may eventually not scrap orders is not necessarily good...

Pic: reddees / Shutterstock.com

Apparel/Garments | On 7th Apr 2020

Commendable decision by international garment buyers

At a time when the world is passing through an unprecedented crisis...

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Over 40 apparel factories in Bangladesh resume production

More than 40 readymade garment (RMG) factories in Bangladesh's Savar, ...

Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

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


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2020

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

Advanced Search