2012

  • 27 July 2012

    Investor Relations

    TenCate net profit €15 million for first half of 2012

    Summary of first half of 2012

    • Decrease in revenues of 9% to €540 million (-17% organic; +4% currency effect; +4% acquisitions / divestments)
    • EBITA €32.3 million; -42% (-48% organic; +4% currency effect; +2% acquisitions / divestments)
    • Net profit €14.7 million (2011: €33.1 million)
    • Revenues of Advanced Textiles & Composites sector show an organic decrease of 25%, due to decline in sales of TenCate Advanced Armour and TenCate Defender™ M product portfolio (related to US defence forces)
    • Positive trends at TenCate Advanced Composites, TenCate Geosynthetics and TenCate Grass (downstream)
    • Net earnings per share -56% to €0.57
    • Adjustment to 2012 profit forecast and sharpening of strategic focus, combined with structural cost reductions, with a future positive effect on EBITA of approximately €25 million on an annual basis (see press release dated 20 July, 2012).

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  • 20 July 2012

    Investor Relations

    Adjustment to 2012 profit forecast and sharpening of TenCate strategic focus

    Highlights

    • Continuing uncertain political climate combined with economic conditions has had a negative effect on government expenditure in 2012.
    • Decrease in TenCate revenues of approximately 9% to € 540 million in the first six months.
    • EBITA for the first half of 2012 approximately € 32 million (first half of 2011: € 56 million).
    • Expected decrease in revenues in TenCate Defender™ M portfolio stronger than previously expected in the first half of 2012.
    • Positive trend in sales in emerging markets.
    • Developments at TenCate Advanced Composites, TenCate Geosynthetics and TenCate Grass in line with expectations.
    • Profit forecast for 2012 as a whole reduced due to uncertainties in the order position for government projects.
    • Sharpening of strategy and cost reductions will result in a future positive effect on EBITA of approximately € 25 million on an annual basis.
    • Prospect for growth remains in force.
    (The figures mentioned here are provisional)

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  • 12 July 2012

    Grass

    TenCate wins lawsuit against FieldTurf Tarkett
    Production Photo TenCate Grass

    The district court in The Hague has ruled against FieldTurf Tarkett Inc. and associated companies in a lawsuit brought by TenCate. The court has prohibited FieldTurf Tarkett and these companies from using the name Revolution for synthetic turf, because this name infringes the trademark Evolution™ of TenCate Grass. This ban will apply throughout the EU subject to payment of a penalty.

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  • 9 July 2012

    Advanced Armour

    TenCate Advanced Armour supplies armour to QinetiQ for another 100 Foxhounds
    Foxhound Vehicle

    TenCate Advanced Armour has been selected by QinetiQ as the supplier of armour for the Foxhound LPPV 4x4 military vehicle. Initial production of 200 vehicles has been followed by an order of a further 100 vehicles to be delivered by General Dynamics European Land Systems, Force Protection Europe, to the UK Ministry of Defence. No financial details will be published.

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  • 15 June 2012

    Advanced Armour

    TenCate Advanced Armor targets army modernization programs for enhanced survivability
    TenCate ABDS Animation Still

    Following articles in the media, the U.S. Army is beginning a major army modernization program of its vehicle fleets. According to Defence Professionals (source www.defpro.com) the new programs include among others a new infantry fighting vehicle, the Ground Combat Vehicle (GCV), an armored replacement for the venerable M-113 and the Joint Light Tactical Vehicle (JLTV). One of the main purposes in army modernization programs is to enhance survivability. GCV and JLTV vehicles will have a higher level of protection against future ballistic threats. The TenCate ABDS™ active blast countermeasure system is well positioned to form part of a higher level of protection in these platforms.

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