Deceuninck Reports Strong Financial Results

August 29th, 2016 by Editor

Driven by strong business development and capacity development, Deceuninck reported a sales increase of 5.8 percent in the first half of 2016  to € 330.2 million ($369.5 million), the company announced this week.

Negative exchange rate fluctuations and higher raw material prices in certain regions are being compensated for by price increases, the company said, and  strategic projects in Turkey (the new Menemen factory and integration of Gebze factory) and the U.S. (a new West Coast factory) are on track.

“We are pleased with our H1 2016 results, which are in line with our expectations and the progress we are making with the implementation of our operating plan,” said Deceuninck CEO Francis Van Eeckhout. “We, however, closely monitor the increased macro-economic uncertainty in some of our key markets.”

Sales at Deceuninck North America increased by 7.2 percent to € 55.9 million ($62.5 million), which was partially offset by the divestment of the decking business in January 2016.

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