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Deceuninck reported a significant increase in H1 sales

September 01/2021

MOSCOW (MRC) -- Belgian window profile manufacturer Deceuninck (Hooglede-Gits) posted both a significant increase in sales in the first half of 2021 and substantial earnings due to high demand and increased prices, said Plasteurope.

Adjusted EBITDA hit EUR 51m on previously announced sales of EUR 404m. The result was more than 80% percent above earnings for the first half of 2020 and over 60% higher than in the same period of 2019. For the first time after the initial six months of 2019, Deceuninck exited the red by generating a net profit of EUR 20.6m.

CEO Francis van Eeckhout said he expects this positive development to continue: "The business environment is forecast to remain unchanged in the second half of 2021, so main market-driving factors such as supply bottlenecks and high raw material costs will remain.Ф Due to the situation, he did not rule out further price increases.

As MRC informed earlier, Deceuninck, a large international manufacturer of polyvinyl chloride (PVC) systems for windows and doors, acquired the Turkish company Pimas, a manufacturer of PVC window profiles.

According to MRC's DataScope report, last month"s SPVC imports to Russia grew to 8,700 tonnes from 5,000 tonnes in June. Good seasonal demand and shutdowns for maintenance at two major Russian plants led to a surge in imports in July. Overall imports totalled 28,700 tonnes in the first seven months of 2021, compared to 27,900 tonnes a year earlier, with resin from China accounting for the main increase in imports.

The international concern The Deceuninck Group is a manufacturer of PVC systems for the construction industry. The concern operates in 75 countries, has 35 branches in Europe, North America and Asia and employs 2.8 thousand employees worldwide. The headquarters of the concern is located in Belgium (Deceuninck NV).
Author:Anna Larionova
Tags:PVC, EPVC, PVC paste, SPVC, Deceuninck, Belgium, Russia.
Category:General News
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