Deceuninck’s Global Sales Surge 4.1 Percent in 2016

February 27th, 2017 by Editor

Sales for Deceuninck’s global operations grew 4.1 percent in 2016 to to € 670.9 million ($712.7 million) driven by strong business development especially in Turkey and U.S., which was partially offset by the decision to phase out certain low-margin products.

“We are pleased with our 2016 result and would like to thank all our partners for their trust,” said Deceuninck CEO Francis Van Eeckhout. “Our performance further improved in all key markets, which confirms our strategy. Key 2016 projects like the realization of two state-of-the-art manufacturing facilities in Turkey, the start of the new plant in Fernley, Nev., and the acquisition of an innovative ventilation and aluminum system have been successfully delivered.”

Net profit increases to €21 million($22.3 million), and the company’s board will propose to increase the dividend to € 0.03 per share at the next annual general meeting.

Sales in North America increased by 6.6 percent  to €118.6 million ($126 million). Growth was driven by strong business development on the back of superior service, which has been partially offset by the sale of the decking business in January 2016. The sale of the decking business had a negative impact on sales of an estimated 5 percent.

 

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