Vanderlande enjoys a promising financial outlook
Vanderlande, a supplier of automated material handling systems to more than 100 countries worldwide, will generate a net turnover of €790 million in the 2014 financial year.
Last year’s growth trend will be prolonged by focusing intensively on customers and the market and by international expansion. Trends underlying this growth include rising passenger numbers throughout the world in the market for baggage handling systems, cost-cutting, increase in efficiency and the strong growth of the e-commerce market in the warehouse automation and postal & parcel markets.
In addition, there is evidence of substantial growth in the number of service contracts. Service now constitutes 20% of Vanderlande’s turnover.
CEO Govert Hamers, said: “Consistency is now producing sustainable, profitable growth. We are working in fast-growing markets for an increasing number of customers. For competitive reasons, customers particularly appreciate discretion. They have confidence in our systems and increasingly prefer long-term partnerships."
Following the first clear signs of recovery in the 2013 financial year, there is now evidence of continuing market recovery. Sales rose by 26% to €938 million and for the first time in the company’s history, the order portfolio is now worth over €1 billion. Earnings before insurance and tax, (EBIT), grew by 49% to €36.1 million.
Vanderlande is implementing baggage handling systems for airports used for the Olympic Games in Russia and provided similar systems for the FIFA World Cup in Brazil. Breakthroughs have also been achieved in the postal & parcel market in Australia and the United States, where the company has gained a leading position.
Warehouse automation has been a significant contributor to its strong growth in Europe, where it occupies a top-three position.
Hamers added: “The market potential, our position as industry leaders and the record-breaking volume of our order book are good reasons for us to be confident that we will achieve our strategic goals. These goals comprise sustainable, profitable growth, further internationalisation, continued innovation and intensification of partnerships.”
Vanderlande has once again been voted one of the best employers in the Netherlands in the influential employee satisfaction survey conducted by Effectory. Staff levels has risen to 2,896 recently. For more information, visit http://www.vanderlande.com/home-en.htm