Strong growth for Deceuninck

Deceuninck reports strong growth in 2015

  • 2 Mar 2016

  • Share

Deceuninck has released its 2015 annual report, which evidences a successful year of strong growth.

Thanks to the improvement of its operational efficiencies, and the successful integration of Turkish company, Pimapen, Deceuninck has recorded growth in all regions, with the exception of Russia.

Consolidated group sales for the year increased by 16.6%, reaching €644.5 million, whilst the company’s operational efficiencies encouraged gross margin to increase to 28.2%.

Capital expenditures also rocketed to €38.7 million, surpassing Deceuninck’s 2014 record of €31.3 million.

The company achieved strong organic volume growth in North America, Western Europe and Turkey. EBITDA margin also benefited from further manufacturing efficiencies and stringent cost control.

Customer First growth strategy

By helping its customers to develop, Deceuninck hopes to experience stronger growth in 2016. It will also be launching several new products and developing its existing initiatives to promote expansion.

Deceuninck has commended its CEO, Tom Debusschere, for working to improve the company’s financial position throughout his seven year career. He created the growth strategy, which will continue to be implemented following his recent resignation.

Francis Van Eeckhout, Vice Chairman of the Board, will act as interim CEO until Mr. Debusschere’s replacement is recruited.

Leave a Reply

More articles

CMS Window Systems

CMS backs employee fairness initiative with Scottish Business Pledge

CMS Window Systems has partnered with the Fairness Commissioner in North Lanarkshire at a special event to encourage businesses to sign up to the Scottish Business Pledge.

Posted in Aluminium Products, Articles, Awards, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Posts, Windows

  • Share
Contour Heating

What Colours Are Available For LST Radiators? - A Contour article

You are empowered with complete control of colour of your low-surface temperature radiators with Contour LST radiators, suiting your designs & environments.

Posted in Articles, Building Industry News, Building Services, Health & Safety, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Interior Design & Construction, Interiors, Posts, Research & Materials Testing

  • Share
Vent-Axia

Vent-Axia Supports Clean Air Day 2018

Leading British ventilation manufacturer Vent-Axia is supporting Clean Air Day, taking place on Thursday 21 June.

Posted in Air Conditioning, Articles, Building Industry Events, Building Industry News, Building Services, Health & Safety, Heating, Ventilation and Air Conditioning - HVAC, Interiors, Posts, Research & Materials Testing

  • Share
Rinnai

Carry on caravanning with Rinnai - ideal for all commercial sites

Rinnai, the UK leader in hot water heating units and systems for all commercial and residential sites, has recently completed an installation at a caravan park and holiday multi-activity centre.

Posted in Articles, Building Industry News, Building Services, Case Studies, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Posts

  • Share