Hydratec Industries NV: First Half-Year Report 2024

AMERSFOORT – Hydratec Industries’ turnover of €137.5 million in the first half of the year was 2.8% higher than in the first half of 2023. The margin also increased. Operating costs were lower, but without incidental costs, costs showed a slight increase. Due to the higher turnover, which was unevenly distributed last year, the normalised operating result of €13.6 million was €2.8 million higher than in the same period last year. A normalised result of €28.2 million was achieved for the whole of 2023.

Bart Aangenendt, CEO of Hydratec Industries: “The margin increased significantly, particularly at Industrial Systems. Within Hightech Components, turnover fell sharply, partly due to the deliberate decision to discontinue certain activities, and partly due to the continued caution in the supply chain. In the meantime, interest rates and geopolitical tensions have increased. This has led to more uncertainty, which has had a dampening effect on order intake. Nevertheless, the demand for food, health and mobility remains high and we have a well-filled order portfolio.”

Press release:
https://www.hydratec.nl/nieuws/persbericht/2024/belange-ontwikkeling-voor-hydratec-industries/