TenCate consolidated revenues reached € 753 million year-to-date August 2015 (year-to-date August 2014: € 658 million), with EBITA (before exceptional items) at € 43 million (year-to-date August 2014: € 30 million). For the full year 2015, TenCate continues to expect organic sales growth similar to 2014.
As part of the intended recommended offer for Royal Ten Cate by a consortium of investors led by Gilde Buy Out Partners, recent trading developments have been shared in the preparation of the preliminary loan syndication. These results have not been audited.
The TenCate Trading Update for the third quarter of 2015 is due as planned on Thursday 22 October 2015.
Almelo, The Netherlands, Tuesday 6 October 2015