News

  • New: txtures summer 2015

    The 2015 summer edition of txtures is now available.

    A low-res PDF and summaries of most of the articles can be read here.

    Printed copies can be ordered via royal@tencate.com and +31 546 544 911.

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  • TenCate introduces military combat fabrics for firefighter turnout gear

    firefighters

    TenCate Protective Fabrics in Europe is launching new thermal barrier and liner fabrics for use in firefighting turnout gear, based on the TenCate Defender™ M flame-resistant fabrics already used for military combat uniforms. These new fabrics for firefighter turnout gear use TenCate Coolderm™ technology to provide better insulation and protection from heat while offering an evaporative cooling effect to keep the skin cooler and drier. This contributes to a reduction in the heat stress suffered by firefighters and further increases their overall safety. The introduction will be at the forthcoming Interschutz 2015 international trade fair in Hannover, Germany.

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  • Geosynthetics for construction Lach Huyen Bridge in Haiphong

    2 geo haiphong web 2

    The longest sea-crossing bridge in Vietnam is under construction close to the Vietnamese city of Hải Phòng (Haiphong), situated near the Gulf of Tonkin. This massive infrastructure project involves the building of a new deep sea port for the northern region of Vietnam and the construction of a motorway. Geosynthetics from TenCate are used in constructing works platforms.

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  • TenCate agrees to sell Xennia Technology Ltd

    Xennia

    TenCate has signed the agreements with Sensient Technologies Corporation (Milwaukee, Wisconsin, USA) to acquire the assets of Xennia Technology Ltd (Letchworth, UK). Consequently, the expectation is realistic that a final closing of the envisaged transaction can be reached shortly. Financial details of the transaction will not be made available.

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  • TenCate sets exchange ratio for stock dividend

    With reference to the dividend for the 2014 financial year, Royal Ten Cate announces that the number of dividend rights of ordinary shares of € 2.50 nominal value giving right to one new ordinary share, has been set at 42.

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  • TenCate trading update for the first quarter of 2015


    Key figures
    in millions of Euros
    First quarter
    2015
    First quarter
    2014
    Revenues 267.7 223.3
    Organic revenue growth + 9% − 6%
    EBITA 9.8 5.5
    Net interest-bearing debt 235.6 209.4
    Debt ratio, Net debt / EBITDA 2.69 2.80

    TenCate recorded a 20% increase in revenues in the first quarter of 2015. On an organic basis, adjusted in part for the higher dollar exchange rate, revenue growth was 9%. The strong revenue growth in the fourth quarter of 2014 relating to composite materials and synthetic turf continued in the first quarter of 2015. Higher sales of TenCate Defender™ M and synthetic turf drove the improvement in margins and earnings. An earnings recovery at TenCate Advanced Armour has not yet materialised.

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  • TenCate shareholders approve 2014 dividend of € 0.50 per share

    During the Annual General Meeting of Shareholders of Royal Ten Cate, which was held on Thursday 9 April 2015, the dividend for the 2014 financial year was declared at € 0.50 (2013: € 0.50) per ordinary share of € 2.50 par value. 

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  • TenCate Cetex® thermoplastic composite for AstroMesh® deployable mesh reflector on NASA SMAP spacecraft

    Northrop

    TenCate Advanced Composites, a leading developer and manufacturer of advanced composite materials, provides Northrop Grumman’s Astro Aerospace to utilize TenCate Cetex® thermoplastic composites for the AstroMesh® deployable mesh reflector on the NASA Soil Moisture Active Passive spacecraft. This reflector uses TenCate Cetex® to achieve parabolic shape design, strength, durability, and weight savings.  

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  • TenCate presents high-grade composite solutions at JEC Europe 2015

    JEC 2015

    TenCate Advanced Composites, a leading developer and manufacturer of advanced composite materials, will be highlighting their latest material innovations and technologies for aerospace, automotive and industrial markets during the JEC Europe 2015 exhibition in Paris, France, between 10 and12 March 2015. TenCate will launch several new high-grade products and will showcase a range of customer applications that utilize advanced composites of TenCate.

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  • General Meeting of Shareholders

    Koninklijke Ten Cate N.V. (‘Royal Ten Cate’), having its registered office in Almelo

    Shareholders of Royal Ten Cate and other persons entitled to vote are invited to attend the Annual General Meeting of Shareholders to be held from 2pm on Thursday 9 April 2015, in the Polman Stadium, Stadionlaan 1, Almelo.

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  • TenCate records 4% organic revenue growth in 2014

    Impairment of € 82 million, mainly at TenCate Advanced Armour

    • Organic revenue growth of 4% for the full year 2014; 9% in the second half of 2014
    • Growth in composites, synthetic turf yarns and industrial protective fabrics
    • Expected increase in defense revenues failed to materialise as a result of postponed deliveries of armour orders (vehicle armour)
    • Downward pressure on results due to a substantial operating loss at TenCate Advanced Armour, to lower margins at TenCate Geosynthetics and to increased marketing costs
    • EBITA* € 53.3 million (2013: € 54.4 million); EBITA margin* 5.1% (2013: 5.4%)
    • Net profit before exceptional items € 24.1 million (2013: € 23.2 million)
    • Net result (IFRS) – € 45.7 million (2013: € 19.0 million) as a result of exceptional items, impairments at TenCate Advanced Armour and Xennia Technology
    • Positive cash flow of € 1.9 million (2013: € 42.6 million); increase in working capital as a result of strong revenue growth in the fourth quarter due in part to continuing demand for synthetic turf yarns
    • Net debt € 215.5 million (2013: € 188.3 million)
    • Net debt / EBITDA ratio 2.57 (2013: 2.27)
    • TenCate expects 2015 organic growth in revenues similar to that in 2014
    • Dividend proposal unchanged at € 0.50 per share (optional stock dividend)

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