Report on 2017

In 2017, the Van Leeuwen Pipe and Tube Group profited from increased market demand in Europe, higher price levels worldwide and cost reduction measures taken in previous years. Total turnover and the operating result over 2017 improved significantly compared to 2016. The total tonnage sold worldwide and the volume sold from stock at the European distribution companies both increased.

Van Leeuwen’s sales amounted to € 613 million, an increase of 12% compared to € 549 million in 2016. The operating result and net profit increased compared to the previous year and amounted to € 12.4 million (2016: € 1.6 million) and € 6.3 million (2016: € 0.7 million), respectively. Solvency remained strong, in excess of 48%.

Market conditions

In the year 2017 there was recovery in many areas. The effects of the crisis in prior years were still visible in 2016 with very moderate market demand and low price levels.

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Price developments

During the crisis years a great deal of restructuring and consolidation took place, especially among European pipe producers.

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Worldwide trends

Our distribution companies in Europe developed very well in 2017. 

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Significant increase of operating result

The Van Leeuwen Pipe and Tube Group’s consolidated net sales were € 613 million, an increase of 12% compared to the previous financial year.

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Developments within the organization

Our employees play a crucial part in the customer service chain throughout the world.

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Outlook

The outlook for the global economy is positive. There is more confidence in the market. Investments are increasing, resulting in increased demand and upward price pressures.

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