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Sioen Industries reports stable sales

The company’s financial results showed no development, with the net sales at the same level as for the same period last year.

14th November 2014

Innovation in Textiles
 |  Ardooie

Clothing/​Footwear, Protective, Industrial

Sioen Industries NV, a leading producer of technical textiles, fine chemicals and high-tech protective clothing, has reported its year-to-date trading update at the end of the third quarter 2014.

At the end of the third quarter, the Sioen Industries Group realised sales from continuing operations of EUR 243.3 million, showing no development compared to EUR 243.3 million over the same period in 2013.

Coating division

The company’s Coating division, which includes yarns, fabrics and technical coated textiles, achieved sales of EUR 143.6 million for the third quarter 2014 against EUR 146.1 million over the same period last year.

As a whole, sales remained more or less stable. If analysed in more detail, it can be noticed that some markets are lagging, whilst transport, building, agriculture and pool markets keep up with the forecasted growth.

Apparel division

Innovative technical protective clothing division realised sales of EUR 73.2 million versus EUR 70.7 million over the same period last year, or a growth of 3.5% at the end of the third quarter.

Apart from the tender won by Sioen for the Dutch police force, most product lines are on track with budget.

Chemicals division

The Chemicals division, which includes pigment pastes, inks, varnishes, colour powders and dispersions, achieved sales of EUR 36.9 million, versus EUR 36.9 million over the same period last year, or a small sales increase of 0.2%.

Sioen Industries

Sioen Industries has an extensive portfolio of products and activities, which include spinning, weaving and coating, manufacturing of garments, production of fine chemicals and processing of technical textiles.

Sioen believes that vertical and horizontal integration, diversification and permanent growth provide the company with a major technical advantage and better R&D.

The company’s main focuses are on customised products, high end, specialised products, recyclable/recycled products, integrated features, and intelligent textiles.

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