Koninklijke TenCate NV
AMS:KTC ISIN:NL0000375749
News
Koninklijke Ten Cate NV (AMS:KTC) * Sales to the third quarter 2008 inclusive: €781.2 million (+18%; +7% autonomous) * EBITA to the third quarter 2008 inclusive: €71.1 million (+40%; +3% autonomous) * EBITA margin: 9.1% (2007: 7.7%) * Net profit before amortization and excluding result from divested activities to the third quarter inclusive (cash earnings): €45.3 million (+38.3%) * Net profit to the third quarter 2008 inclusive: €37.3 million (2007: €30.6 million) * Sales third quarter €269.6 million (+16%; +5% autonomous) * Autonomous sales growth (Q3) Advanced Textiles & Composites sector +3% * Autonomous sales growth (Q3) Geosynthetics & Grass +7% * Net profit before amortization and excluding result from divested activities in the third quarter (cash earnings): € 15.0 miljoen (+22%) * Profit forecast for 2008 as a whole maintained (cash earnings:+ 30%)
Koninklijke Ten Cate NV (AMS:KTC) * Omzet t/m derde kwartaal 2008: € 781,2 mln. (+18%; +7% autonoom) * EBITA t/m derde kwartaal 2008: € 71,1 mln. (+40%; +3% autonoom) * EBITA-marge: 9,1% (2007: 7,7%) * Nettowinst voor amortisatie en exclusief resultaat verkochte activiteiten t/m derde kwartaal (cash earnings): € 45,3 mln. (+38,3%) * Nettowinst t/m derde kwartaal 2008: € 37,3 mln. (2007: € 30,6 mln.) * Omzet derde kwartaal € 269,6 mln. (+16%; +5% autonoom) * Autonome omzetgroei (Q3) sector Advanced Textiles & Composites +3% * Autonome omzetgroei (Q3) Geosynthetics & Grass +7% * Nettowinst voor amortisatie en exclusief resultaat verkochte activiteiten (cash earnings) derde kwartaal € 15,0 miljoen (+22%) * Winstverwachting voor geheel 2008 gehandhaafd (cash earnings:+ 30%)
Koninklijke TenCate NV (AMS:KTC) Ten Cate - Union Protective Fabrics Asia Ltd., the recent venture company between Royal Ten Cate of The Netherlands and Thailand's Union Textile Industries announces its plan to serve the Asian markets with high performance fabrics for work wear, that will improve the safety of the work environment in the broad Asian region.
Koninklijke TenCate NV (AMS:KTC) * Sales first half 2008: € 511.6 million (+20%; +8% autonomous) * EBITA first half 2008: € 45.3 million (+45%; +5% autonomous) * EBITA margin: 8.9% (first half 2007: 7.3%) * Net profit before amortization and excluding result from divested activities and exceptional items (cash earnings): € 30.3 million (+47%) * Net profit first half 2008: € 25.4 million (2007: €19.4 million) * Very strong second quarter: EBITA grows by 59% to € 31.9 million * Autonomous sales growth Advanced Textiles & Composites sector +15% * Autonomous sales growth Geosynthetics & Grass sector +8% * Good market outlook * Rise in cash earnings of at least 30% expected for 2008 as a whole
Koninklijke TenCate NV (PINKSHEETS:KNKCF) TenCate is expecting demand for military products to continue to grow. The sales of existing TenCate Defender(TM)M fabrics will continue to accelerate. New TenCate Defender(TM)M fabrics are also being developed in close coordination with the US Military and will start contributing later this year.
Koninklijke TenCate NV (PINKSHEETS:KNKCF) 'Mileage counter' measures hours of play, impact on pitch and the state of pitch maintenance
Koninklijke TenCate NV (PINKSHEETS:KNKCF) -Very strong second quarter as a result of large defense orders -
Koninklijke TenCate NV (PINKSHEETS:KNKCF) The production capacity of Lenzing®FR - The Heat Protection Fiber - is being increased substantially by Lenzing AG of Austria. The capacity expansion enables TenCate to supply larger quantities of TenCate Defender(TM)M fabric to the US military, taking effect late 3rd quarter. TenCate Protective Fabrics, based in Union City, Georgia, USA is the leading supplier of various types of flame retardant (FR) fabrics to the United States armed forces. The Lenzing Group is the leading supplier of specialty rayon fibers in the world, with a clear focus on innovation.
Koninklijke TenCate NV (PINKSHEETS:KNKCF) Ten Cate Advanced Textiles and Union Textile Industries Public Company Limited of Thailand (Union Textile) have signed an agreement to establish a joint venture with the name of "Ten Cate - Union Protective Fabrics Asia Ltd" for the production of work wear and safety wear fabrics in Thailand, an emerging market. The company will have a share capital of 385 million Baht (approximately €7.5 million), of which TenCate will hold the majority.
Koninklijke TenCate NV (PINKSHEETS:KNKCF) In January 2008 TenCate acquired 75% of the shares of Xennia Technology Ltd. near Cambridge (UK). The main reason for this acquisition is primarily to accelerate the opportunity to use inkjet technology to produce technical textiles. Inkjet technology has the potential to replace existing finishing and coating technologies and create new materials for the technical textiles sector.
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