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28th April 2017, Ardooie

Sioen Industries reports sales growth in 1Q 2017

Sioen Industries is a leading specialist in extrusion of man-made fibres, manufacturer of woven and nonwoven fabrics and scrims and coater of technical textiles. © Sioen Industries GroupSioen Industries Group has reported total net sales of EUR 119.9 million in the first quarter of 2017, compared to EUR 88.6 million in the same period last year, which constituted an increase of 35.4%, of which 30.1% relates to growth through acquisitions and 5.2% is organic growth.

Sioen Industries is a leading specialist in extrusion of man-made fibres, manufacturer of woven and nonwoven fabrics and scrims, coater of technical textiles, and manufacturer of technical protective garments for professional use and producer of colour dispersions.

Sales figures

During the first quarter of 2017 the Coating division realised net external consolidated sales of EUR 71.8 million, compared to EUR 53.5 million in the first quarter of 2016, or an increase with 34.2%, of which 29.1% relates to growth through acquisitions and 5.1% is organic growth. “Organic growth was driven by strong demand in our core markets,” the company reports.

Net external consolidated sales of the Apparel division amounted to EUR 36.3 million in the first quarter of 2017, versus EUR 24.1 million in the first quarter of 2016, or a sales growth of 50.8%, of which 45.3% relates to growth through acquisitions and 5.5% is organic growth in both, the company’s core product lines and geographical markets.

In the Chemicals division, external sales increased by 7.2% compared to the same reference period last year. Over the first quarter of 2017 this division realised EUR 11.7 million of sales, against EUR 10.9 million in the first quarter of last year. These sales also include the sales of the recently acquired company UV Curable Systems. The organic growth amounted to 5.3%, sales in both, pigment pastes and inks, have increased. Geographically, there is a boost in sales in Belgium compared to the first quarter of 2016, the manufacturer reports.

Outlook

“Sioen pursues growth through the development and acquisition of new and complementary business lines in technical textiles. Despite the earlier announced revival of the prices of the raw materials, Sioen Industries is well on track to realise it’s 2017 ambitions,” the company explains.

“A strong focus on innovation, customer intimacy, an extensive product portfolio, a strong focus on added value products and sustained cost efficiency are the foundations upon which we build our future.”

www.sioen.com

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