TenCate reports revenues of €267.7 million in Q1 2015, compared to €223.3 million in the same period of 2014, a 20% increase.
On an organic basis, adjusted in part for the higher dollar exchange rate, revenue growth was 9%. The strong revenue growth in the fourth quarter of 2014 relating to composite materials and synthetic turf continued in the first quarter of 2015.
The TenCate Advanced Composites market growth was in part based on the increasing aircraft build rates and a recovery in demand from the aerospace and satellite industry.
This story is reprinted from material from TenCate, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.