Report on 2019

2019 was a transformational year for the Van Leeuwen Pipe and Tube Group. The acquisition of Benteler Distribution, which was closed at the end of November 2019, will double the company’s total sales volume and asset base. This strategic acquisition provides Van Leeuwen access to additional key markets in Europe and contributes to our position as a globally operating leading distributor of pipe and tube materials. The financial results improved as compared to 2018, despite lower economic activity in the industry segment and one-off acquisition cost. Van Leeuwen’s turnover increased 25% to € 787 million. The operating result improved almost 26% to € 17 million (2018: € 13.5 million). The net result increased to € 10.1 million (2018: € 9.7 million).

Excluding the contribution of the acquisition of Benteler Distribution in 2019, Van Leeuwen’s turnover increased 19% to € 750 million, the operating result improved to € 18.3 million and the net result increased to € 11.5 million.

Market conditions and price developments

In line with our expectations, market demand and price developments in 2019 for most key product categories were less favorable than the previous year. 

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Worldwide trends

To be close to our customers as a distribution partner, we are constantly working on strengthening and expanding our network.

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Acquisition of Benteler Distribution

On 31 July 2019, the Van Leeuwen Pipe and Tube Group entered into an agreement to acquire Benteler Distribution, a division of Benteler International AG. 

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Improved result

The Van Leeuwen Pipe and Tube Group’s consolidated net sales were € 787 million, an increase of 25% compared to the previous financial year.

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Developments within the organization

To achieve our strategic objectives we rely on a large team of professional and motivated employees, a high number with many years of experience and others with a youthful spirit and innovative strength. 

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Outlook

With the addition of the Benteler Distribution activities to our network, the Van Leeuwen Pipe and Tube Group improved its position as a leading global distributor of pipe and tube material.

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