News

  • 24 November 2014

    Advanced Armour

    TenCate supplies armour systems for Iver Huitfeldt class frigates and Absalon class support ships of Royal Danish Navy
    TenCate Naval Armour

    TenCate Advanced Armour has secured an order from the Danish Acquisition and Logistics Organisation (DALO) for ballistic protection of the Iver Huitfeldt class frigates and Absalon class support ships of the Royal Danish Navy. The armour systems to be supplied will provide a fully engineered, lightweight solution for the protection of mission-critical areas of the Navy ships. The modular armour kits will be supplied and installed on the ships over the next months. No financial details will be provided.

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  • 12 November 2014

    Grass

    TenCate Grass intensifies cooperation with Johan Cruyff Foundation
    TenCate Grass intensifies cooperation with Johan Cruyff Foundation

    Since its inception in 1997 the Johan Cruyff Foundation has evolved into an organization that day after day gets youngsters moving and keeps them active. In the seventeen years of the Foundation’s existence the need to get children moving has only increased. That is why in recent years the Foundation’s target group has expanded from children with a handicap to children living in districts where there is little opportunity to play outdoors. There is often too little time, space and attention for children to play sports and games.
    The social relevance of this is greater than ever, as sports & games make a real difference in issues such as health, integration, development and participation: Getting youngsters moving again, in a healthy and responsible way.

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  • 7 November 2014

    Grass

    Wolves Academy & Arena at the Club’s Compton Park training complex with new TigerTurf 3G pitch officially opened
    TigerTurf Pitch at Wolverhampton Wanderers

    Construction of the new £7 million Wolves Academy & Arena with TigerTurf indoor 3G pitch began during the summer of 2013, as the Club prepared for what turned out to be a title-winning Sky Bet League One campaign. This carried on the Club’s proud tradition of bringing through talented young players to graduate as full-time professional footballers, with the Academy having previously produced international players such as Robbie Keane, Matt Murray, Keith Andrews and Joleon Lescott.

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  • 3 November 2014

    Investor Relations

    TenCate closes new credit facility

    On Friday, 31 October 2014 TenCate closed a €350 million credit facility with an international syndicate of six banks, with a possible increase of €150 million.

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  • 24 October 2014

    Advanced Armour

    TenCate: Organic growth continues

    TenCate trading update third quarter of 2014

    Key figures third quarter of 2014

    x €1 million

    Third quarter 2013*

    Third quarter 2014

    Change

    Organic

    Net revenues

    270.2

    277.1

    +3%

    +3%

    EBITA

    17.8

    17.8

    0%

    0%

    EBITA margin

    6.6%

    6.4%

     

     

    Net profit

    8.4

    9.2

    +10%

    Net debt

    209.8

    206.9

     

     

    Debt ratio

    2.51

    2.82

     

     

    *) 2013 adjusted for purposes of comparison

    In the third quarter of 2014 TenCate recorded organic growth in revenues of 3%, while EBITA remained unchanged, compared to the third quarter of 2013.
    Growth that occurred in the first half of the year within the TenCate Advanced Composites and TenCate Grass market groups was sustained compared to last year.

    Defence-related revenues rose in the third quarter compared to the previous quarters of 2014 and were the same as in the third quarter of 2013. Demand for TenCate Defender™ M products staged a strong recovery compared to a weak performance earlier in the year. Recovery in armour revenues has not as yet occurred, in part due to continuing delays in projects. There are a growing number of prospects, although the timing of these projects remains as yet uncertain.

    In the third quarter the value of net debt on the balance sheet declined compared to mid-2014. This decrease was limited as a result of the sharp rise in the dollar exchange rate.

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