Van Leeuwen Pipe and Tube Group achieves positive result in 2020
- Positive result due to cost measures and scale
- Good start in 2021
ZWIJNDRECHT, Netherlands, April 14, 2021 /PRNewswire/
The Van Leeuwen Pipe and Tube Group achieved a positive result in 2020, despite the extraordinary circumstances. The results were affected by the COVID-19 pandemic during the year. The company benefited however from the scale it gained with Benteler Distribution, which was acquired at the end of 2019. This doubled the size of the company. The market recovered somewhat at the end of 2020.
Van Leeuwen s total sales amounted to € 1,178 million (2019: € 787 million), the operating result was € 15 million (2019: € 17 million) and the net result amounted to € 9.4 million (2019: € 10.1 million). Solvency has improved significantly from 30.8% in 2019 to 36.8% in 2020.
Van Leeuwen Pipe and Tube Group achieves positive result in 2020 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.