TenCate says that it generated 2015 full-year sales of around €1,160 million, compared to €1,042 million in 2014, according to preliminary reports.
EBITDA (excluding exceptional items) was of approximately € 97.5 million (2014: € 84.6 million) BS Organic growth for the full year 2015 was approximately 5% (2014: 4%). 2015 year-end net debt was approximately € 193 million (2014: € 216 million).
In October 2015, TenCate said that it expected full-year organic sales growth of approximately 4%, similar to 2014, and EBITDA (excluding exceptional items) of approximately € 95 million.
The organic sales growth mentioned is the increase of sales adjusted for the divestment of TenCate Enbi and Xennia Technology as well as for currency effects.
Regular year-end closing procedures have not yet taken place and may lead to changes. Final 2015 results will be published on 26 February 2016.
This story uses material from TenCate, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.