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

Picanol Group reports FY19 revenue of €2,221 million

26
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

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


March 2020

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


Advanced Search