News

• TenCate appoints Corporate Director of Finance

  

  The Executive Board of Royal Ten Cate (TenCate) has appointed Mr E. (Eef) Bos (1961) as Corporate Director of Finance with effect from 1 July 2013.

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• CFO Royal Ten Cate continues career at Action Holding BV

  Bert Cornelese, at present CFO of Royal Ten Cate (TenCate), has decided to continue his career as per September 1, 2013 at Action Holding BV, an international non-food retail organization.

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• TenCate Advanced Armor USA contributes to ballistic protection systems QinetiQ North America

  Lockheed Martin has selected the enhanced LAST® lightweight composite armor of QinetiQ North America to protect AC-130J aircraft. TenCate Advanced Armor USA is one of key team contributors on the LOX program to develop the best possible solutions for ballistics modernization.

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• TenCate Geosynthetics completes TenCate Mirafi® RSi series

  TenCate Geosynthetics Americas has developed a third patent pending geosynthetic for road and railway reinforcement, called TenCate Mirafi® RS280i. This woven product completes the RSi series of geosynthetics for base reinforcement and subgrade stabilization.

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• TenCate announces conversion ratio

  Following the dividend announcement relating to the dividend for the 2012 financial year of 18 April 2013, Koninklijke Ten Cate nv hereby announces that the number of dividend rights in order to obtain two new ordinary shares has been set at 73 dividend rights of ordinary shares with a nominal value of € 2.50 each.

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• TenCate Geosynthetics introduces carbon footprint calculator for water management

  

  In response to the increasing awareness of the positive environmental aspects of geosynthetics and geosystems, TenCate Geosynthetics – business unit Water & Environment – has developed the TenCate Geotube® carbon footprint calculator for use with dewatering and breakwater applications. This CO2 footprint calculator provides water management customers with background information on several sustainability aspects.

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• TenCate Advanced Composites signs Northern Composites for Eastern U.S. representation on new line of 3M™ tooling prepregs

  

  TenCate Advanced Composites North America announces that Northern Composites, Hampton (New Hampshire), USA, will serve as an eastern U.S. representative for TenCate regarding tooling prepregs and materials. As reported last year, TenCate and 3M have joined forces to market and support 3M’s line of tooling prepregs featuring 3M’s patented matrix resin technology. This 3M innovation utilizes nanosilicas to create a more durable, robust and dimensionally accurate tool for the fabrication of composite parts.

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• TenCate Defender™ M revenue shows strong growth

  TenCate trading update for the first quarter of 2013

   

  Revenue and operating result

   

  x € 1 million	First quarter 2013	First quarter 2012	Change (%)
  Net revenue	241.8	256.7	-6%
  EBITA	12.5	13.2	-5%
  Net profit	4.6	5.1	-10%
  Operating cash flow	13.0	10.0	+30%

   

  Ten Cate’s activities recovered in the first quarter in line with expectations. The synthetic turf activities in particular posted a good performance and revenue from TenCate Defender™ M grew strongly. The cost measures and efficiency improvements implemented in 2012 led among other things to improvements in gross margin and working capital. The debt position before acquisitions decreased by €6 million compared to the end of December 2012. Operating cash flow increased strongly.

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• Mr P.F. Hartman appointed member of Supervisory Board of TenCate

  During the general meeting of shareholders, held in Almelo on Thursday, 18 April 2013, Mr P.F. (Peter) Hartman was appointed as member of the Supervisory Board of textile technology company Royal Ten Cate.

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• Declaration of dividend TenCate for 2012

  During the Annual General Meeting of Shareholders of Royal Ten Cate, which was held on Thursday 18 April 2013, the dividend for the 2012 financial year was declared at € 0.50 (2011: € 0.95) per ordinary share of € 2.50 par value.

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