Trading update for the first quarter of 2017: sales growth with 35%
(5% organic, 30% due to acquisitions)

During the first quarter of 2017 the Coating division realized net external consolidated sales of EUR 71.8
million compared to EUR 53.5 million in the first quarter of 2016, or an increase with 34.2% of which 29.1% relates to growth through acquisitions* and 5.1% is organic growth. Organic growth driven by strong demand in our core markets.

*Manifattura Fontana, geosynthetics and Dimension-Polyant, sailcloth and technical textiles

Net external consolidated sales of the Apparel division amounted to EUR 36.3 million in the first quarter of 2017 versus EUR 24.1 million in the first quarter of 2016, or a sales growth of 50.8% of which 45.3% relates to growth through acquisitions* and 5.5% is organic growth in both, our core product lines and geographical markets.

*Verseidag Ballistic Protection and Ursuit, professional diving suits

In the Chemicals division, external sales increased with 7.2% compared to the same reference period last year. Over the first quarter of 2017 this division realized EUR 11.7 million of sales against EUR 10.9 million in the first quarter of last year. These sales also include the sales of the recently acquired company UV Curable Systems. The organic growth amounted to 5.3%, sales in both, pigment pastes and inks, have increased. Geographically, there is a boost in sales in Belgium compared to the first quarter of 2016.

OUTLOOK
Sioen pursues growth through the development and acquisition of new and complementary business lines in technical textiles. Despite the earlier announced revival of the prices of the raw materials, Sioen Industries is well on track to realize it's 2017 ambitions. A strong focus on innovation, customer intimacy, an extensive product portfolio, a strong focus on added value products and sustained cost efficiency are the foundations upon which we build our future.

For further information/investor relations:
Geert Asselman, CFO - Sioen Industries NV - Fabriekstraat 23 - 8850 Ardooie - Belgium
Tel. +32 (0) 51 740 980 - Fax. +32 (0) 51 740 979 - corporate@sioen.com - www.sioen.com
Financial servicing is provided by KBC Bank, BNP Paribas Fortis Bank, ING Bank, Belfius Bank and Bank Degroof.

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Sioen Industries NV published this content on 27 April 2017 and is solely responsible for the information contained herein.
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