SIOEN INDUSTRIES
THEOF SIOEN
SIOEN INDUSTRIES NV IS A DIVERSIFIED STOCK QUOTED GROUP WITH AN EXTENSIVE PORTFOLIO OF PRODUCTS AND ACTIVITIES: EXTRUSION OF MAN-MADE FIBERS, MANUFACTURER OF WOVEN- AND NON-WOVEN FABRICS AND SCRIMS, COATER OF TECHNICAL TEXTILES, MANUFACTURER OF TECHNICAL PROTECTIVE GARMENTS FOR PROFESSIONAL USE AND PRODUCER OF COLOR DISPERSIONS.
SINCE 1960 GROWTH STOCK QUOTED
TRADING UPDATE FOR THE FIRST QUARTER OF 2018
PRESS RELEASE - ARDOOIE, 26 APRIL 2018 - 17H45
REGULATED INFORMATION
IN MILLION EUR | Q1 2018 | Q1 2017 | DIFFERENCE | ORGANIC | ACQUISITIONS |
Coating division | 85.8 | 71.8 | +19.5% | +2.5% | +17.0% |
Apparel division | 33.5 | 36.3 | -7.8% | -7.8% | |
Chemicals division | 12.5 | 11.7 | +6.4% | +6.4% | |
Total net sales | 131.8 | 119.9 | +9.9% | -0.2% | +10.2 |
For further information/Financial information/Investor relations Geert Asselman, CFO
COATING DIVISION
During the first quarter of 2018 the Coating division realized net external consolidated sales of EUR 85.8 million compared to EUR 71.8 million in the first quarter of 2017, or an increase with 19.5% of which 17.0% relates to growth through acquisitions * and 2.5% is organic growth. Albeit a seasonal effect in "climate sensitive" product lines, demand in our core markets remains strong.
(*) James Dewhurst Group figures are included in the figures of the Sioen Group as from 1 June 2017 onwards.
APPAREL DIVISION
Net external consolidated sales of the Apparel division amounted to EUR 33.5 million in the first quarter of 2018 versus EUR 36.3 million in the first quarter of 2017, or a sales decrease of 7.8%. More intense focus on government tenders has created a more project based sales pattern and had a disproportionate positive impact on the sales in the first quarter of 2017. Sioen is however confident that the long term trend will remain positive.
CHEMICALS DIVISION
In the Chemicals division, external sales increased with 6.4% compared to the same reference period last year. Over the first quarter of 2018 this division realized EUR 12.5 million of sales against EUR 11.7 million in the first quarter of last year.
OUTLOOK
Despite the short term cyclicality, the trend for 2018 looks promising. Demand in our core markets remains strong and boosts raw material prices. Sales pricing strategies are adapted accordingly.
Sioen Industries will continue to pursue growth through the development of new complementary business lines in technical textiles.
Sioen core values:
• 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.
SIOEN INDUSTRIES GROUP
Full information, the complete annual report and this press release can be found onwww.sioen.com.
FINANCIAL CALENDAR | |
General Shareholders' meeting | 27 April 2018 |
Half year results 2018(1) | 30 August 2018 |
Trading update third quarter 2018(1) | 15 November 2018 |
Annual results 2018(1) | 28 February 2019 |
(1) Publication aſter stock market closing |
For further information/Financial information/Investor relations Geert Asselman, CFO
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Sioen Industries NV published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 15:48:06 UTC