Transformational year for the Van Leeuwen Pipe and Tube Group following acquisition

摘要

THE Van Leeuwen Pipe and Tube Group has announced that 2019 was a transformational year. Financial results improved compared to 2018, despite lower economic activity in the industry segment and one-off acquisition costs. The acquisition of Benteler Distribution, which was closed at the end of November 2019, will also double the company's total sales volume. Van Leeuwen's turnover increased 25 per cent to €787mn. The operating result improved almost 26 per cent to €17mn (2018: €13.5mn). The net result increased to €10.1mn (2018: €9.7mn).