Good results in H1/2019

06.09.2019 The solution provider of technical textiles Sioen Industries NV, Ardooie/Belgium, presented good half year results for 2019.

© Photo: Sioen
Over the first 6 months (H1) of 2019 Sioen Industries realized sales of +2.3% to € 264.7 million. The EBIT declined by 21% in H1/2019 to € 19.4 million. Main drivers are the material margin and the new investments that are still in a start-up phase and involve one-off costs.
The company continued to invest in expanding its production capacities in H1/2019, mostly in the weaving and laid scrim plants. Besides investments in production capacity and machines, Sioen also pays great attention to the digital evolution and invests in future oriented technologies (Industry4.0), online sales and individualized sales support.