Vanderlande achieves record revenue for 2016

0

Automation specialist Vanderlande has announced total revenue of €1.1bn (US$1.18bn) for 2016, representing a 15% increase compared with the previous year – and a new company record.

In addition, the final order book reached an all-time high of €1.7bn (US$1.8bn), an 11% increase on 2015, which will help to support Vanderlande’s strategy of sustainable profitable growth. The company’s operational result also stands at a record high of €64m (US$68.6m), which is €8m (US$8.6m) more than the previous year.

Overall the positive performance of Vanderlande’s services – and certain parcel projects in North America – helped to increase the order intake to €1.3bn (US$1.4bn) in 2016. The order intake for airports was also encouraging, with continued interest from Asia-Pacific countries. Warehousing performed in line with expectations, bolstered by the continued growth of the food retail and e-commerce sectors.

Remo Brunschwiler, CEO, Vanderlande, said, “Vanderlande’s financial strength provides the platform from which to capitalize on our rapid growth and the excellent position in our markets. There is a high level of interest for the type of solutions and services that Vanderlande provides, and revenue is expected to increase again from 2016. This anticipated growth is based on a strong order book, a promising sales funnel, and Vanderlande’s increased focus within the above market segments.”

April 19, 2017

Share.

About Author

mm

Dan joined Postal and Parcel Technology International in 2014 having spent the early years of his career in the recruitment industry. As assistant editor, he now produces daily content for the website and supports the editors with the publication of each exciting new issue. When he’s not reporting on the latest logistics news, Dan can be found apprehensively planning his next DIY project for his new home.

Comments are closed.