News

  • 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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  • 23 October 2014

    Advanced Armour

    TenCate signs significant contract for delivery of TenCate Defender™ M
    TenCate Defender(TM) M

    TenCate Protective Fabrics USA has signed a significant contract with a new customer outside the US for the delivery of TenCate Defender™ M inherently flame-resistant fabric regarding personal protective uniforms for national armed forces. Neither the name nor nationality of this customer can be disclosed, for military reasons. Initial deliveries of this multi-year contract will take place in the first quarter of 2015. No further financial information will be provided. On the basis of this contract, TenCate expects a substantial increase in TenCate Defender™ M revenues in the coming year.

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  • 14 October 2014

    Grass

    Synthetic turf is safe for sports

    Publications have appeared in the media which refer to experiences and research relating to rubber granulate as infill for synthetic turf football pitches. The question was posed whether rubber granulate could perhaps be connected to possible effects on the health of footballers, and more particularly of goalkeepers.

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  • 13 October 2014

    Advanced Armour

    TenCate and US ARMY RDECOM advance to phase two of multi-year of TenCate ABDS™ active blast countermeasure system technology evaluation program
    ABDS

    TenCate Advanced Armor USA and the U.S. Army Research, Development, and Engineering Command (RDECOM) have signed a multi-year Cooperative Research and Development Agreement (CRADA) to evaluate, under the direction of the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC) and with assistance from other RDECOM Agencies, the TenCate ABDS™ active blast countermeasure system for enhanced soldier protection. The technology evaluation program now enters the second phase, ensuring that this protection solution is robust and ready to reduce injuries and save military lives

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  • 13 October 2014

    Advanced Armour

    TenCate acquires Smart Body Armor® technology from Newport Sensors
    Smart Body Armour

    TenCate Advanced Armor USA has acquired from Newport Sensors, Inc., an industry leader in sensor technology innovation, the groundbreaking sensor technology that provides body armor users the ability to inspect, in real-time, the ballistic integrity of hard body armor inserts. The TenCate Smart Body Armor® technology, a network of sensors integrated onto the surface of the hard body armor insert, has been validated through extensive testing conducted in cooperation with the U.S. Army.

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