Royal Ten Cate half-year profits rise 21%

05/09/2005

The net profit of Dutch textile producer Royal Ten Cate increased by €2.6 million (+21%) to €15.0 million for the first half of 2005. Sales rose by 16% to €351 million, with organic growth accounting for 14% of the rise.

Sales in the Advanced Textiles & Composites sector rose by 44% to €150 million, with the acquisition of Southern Mills accounting for 27%. Organic growth accounted for 17%.

Sales of multi-risk fabrics for professional wear and the outdoor market showed strong growth in both Europe and the USA. The company stated that Southern Mills contributed significantly to profits through growth in sales and the measures taken to increase synergy. Cooperation with the European activities of Ten Cate in this area developed favourably. This led to the launch of new Southern Mills products on the European market.