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

Closomat

Accessibility is king with Closomat

Closomat, Britain’s leading provider of helpful toilet solutions for those with limitations, is suggesting more public toilets should include more space, a hoist and adult-sized changing bench.

Posted in Accessibility, Articles, Bathrooms, Bedrooms & Washrooms, Building Industry News, Health & Safety, Interiors, Posts

  • Share
Aggregate Industries

Employers award success for Aggregate Industries

Aggregate Industries has taken the Employer of the Year accolade at this year’s Chartered Institute of Credit Management (CICM) British Credit Awards.

Posted in Articles, Awards, Building Industry Events, Building Industry News, Building Regulations & Accreditations, Concrete, Cement, Admixtures, Posts, Recruitment

  • Share
Gerflor

Product Focus - Brand new Taralay Initial collection

Gerflor’s new entry level vinyl floorcovering range – the Initial collection – offers a choice of 32 colour references at a price that won’t break the bank. ABC&D finds out more…

Posted in Articles, Building Industry News, find out more - ABCD products, Floors, Innovations & New Products, Posts

  • Share
SCC Design Build

SCC survey of construction leaders reveals cautious mood

A SCC Design Build survey of more than 11,000 industry leaders has suggested there is an air of caution in construction moving forward.

Posted in Articles, Building Industry News, Hot Topics, news, Posts, Research & Materials Testing

  • Share