Home / Knowledge / News / Textiles / TenCate reports good order book position for protective fabrics

TenCate reports good order book position for protective fabrics

Oct '08
Tencate today released results for the third quarter and the first nine months of 2008.

General performance in the third quarter of 2008:
Sales increased in the third quarter of 2008 by 16% to €269.6 million. The currency effect on sales amounted to -5%. The operating result before amortization (EBITA) rose to €25.8 million (+ 32%; autonomous: 0%) in the third quarter. The currency effect on EBITA amounted to -8% in the third quarter.

Net profit before amortization (cash earnings) increased by 22% to €15.0 million in the third quarter.

The Advanced Textiles & Composites sector once again turned in excellent results in the third quarter. The growth was mainly due to the strong demand from military markets and the aviation industry.

Sales in aerospace/space composites grew, primarily as a result of increased deliveries (TenCate Cetex) for the Airbus A380.

In the United States useful qualification processes in the space and aerospace sector have recently started up. Partly as a result of recent acquisitions, TenCate has strong technology positions, which will enable significant growth to be achieved in these markets in the near future.

The Geosynthetics & Grass sector recorded continuing growth in profit under difficult external circumstances in the third quarter. In the US the geosynthetics market is experiencing difficulties as a result of the current economic situation. TenCate took cost measures in good time at the geosynthetics activities in the United States and is gaining market share.

In the synthetic turf market closer cooperation is taking place with market parties of a high calibre in order to strengthen the position in end markets and to tackle the market more from a systems approach. These developments will lead to a greater degree of chain integration, where the quality and the performance of the end product (the sports pitch) will be paramount.

TenCate is regarded worldwide as a solid partner in the chain with a wide product portfolio. The current economic situation provides strategic opportunities for partnerships, in view of the fact that, as a result of the tightening of the financing market, some slowdown in growth is currently visible in this sector.

First nine months of 2008:

Sales in the first nine months amounted to €781.2 million (first nine months of 2007: €659.6 million). This growth in sales can to a considerable extent be accounted for by acquisitions. Autonomous sales increased by 7%. The currency effect on sales amounted to -7% for the first nine months.

The operating result before amortization (EBITA) amounted to €71.1 million, a rise of 40% compared with the first nine months of 2007. In autonomous terms the rise was 3%. The currency effect on EBITA amounted to -10% for the first nine months.

The net profit before amortization and result from divested activities and exceptional items amounted to €45.3 million for the first nine months of 2008 (2007: €32.9 million).

Interviews View All

Representatives, Textile & apparel industry

Textile & apparel industry

GST is a complicated and lengthy process

Rajiv Sirohi, Shara

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Hardik Sanghvi,

Hardik Sanghvi

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

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Judy Frater, Somaiya Kala Vidya

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


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2019

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

news category

Related Categories:

Advanced Search