2011: Tessenderlo Group delivers major strategic progress and a successful year on all fronts
(Thomson Reuters ONE) -
Significant advancement along the journey to become a specialty company
* Growth projects in Brazil (new Gelatin production), China (new production
Compounds and Gelatin), US (two new Tessenderlo Kerley fertilizer
capacities) and Europe (Plastic Pipe Systems acquisition)
* Major steps taken through divestment of PVC/Chlor-Alkali, US and Canadian
profiles, and some Organic Chlorine Derivatives activities, as well as a
partial stake in T-Power
Solid development of operating performance
* Full Year 2011 revenue of 2.1 billion EUR grew 9.6% year on year
* REBIT rose 54.3% to 104.9 million EUR, and REBITDA was up 20.6% to 187.0
million EUR
* All reported operating segments had higher revenue, REBIT and REBITDA year
on year
* Recurrent profit from continuing operations of 56.2 million EUR, more than
double the amount of 2010
Strong financial position confirmed
* Net financial debt of 219.4 million EUR at year end 2011 remained well under
control, with leverage of 1.1x and gearing of 26.8%
* Notional net debt was 305.2 million EUR; on this basis, leverage was 1.5x
and gearing 33.7%
* Improved terms of syndicated credit facility with maturity extended to 2016
* The Board of Directors will propose a dividend of 1.00 euro net per share
Outlook
Tessenderlo Group sees 2012 as a year of transition.
Demand for the majority of the group's businesses is anticipated to remain
resilient, in spite of the uncertain European economic climate.
The group expects to move further along its strategic journey. It will keep on
optimizing its portfolio and grow its core businesses, and at the same time,
will implement new operational excellence programs, both of which will lead to a
growth of investments.
Tessenderlo Group's view on this year of transition is cautious.
Media Relations Investor Relations
Mrs. Kathleen IWENS Mr. Philip LUDWIG
+32 (0) 478 664 555 +32 2 639 16 58
Hier kan je het volledige bericht in het Nederlands lezen:
http://hugin.info/133974/R/1586319/497198.pdf
To read the full press release in English, click here:
http://hugin.info/133974/R/1586319/497183.pdf
Pour lire le communiqué de presse complet en Français, cliquez ici:
http://hugin.info/133974/R/1586319/497199.pdf
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Source: Tessenderlo Group via Thomson Reuters ONE
[HUG#1586319]
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 115333
Anzahl Zeichen: 3259
contact information:
Town:
Brussels
Kategorie:
Business News
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"2011: Tessenderlo Group delivers major strategic progress and a successful year on all fronts"
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