Revenue for Q2 2014 EUR 110.5 million (11.2% organic growth)
- Revenue growth in first half year 2014: 36% (of which 8.9% organic growth)
- EBITA in Q2 2014 increased 53%, in part due to the Kuhnke acquisition, completed on 14 May 2013
- Return on Sales in Q2 2014 8.3% (Q1 2014 7.9%, full year 2013 6.8%)
- Good market conditions in both the industrial and the automotive activities
Piet Veenema, Kendrion's CEO:
"Kendrion continued to perform strongly in the second quarter, partly due to the good market conditions and the volume from new projects. Revenue for electromagnetic components reached a historical high in the second quarter. Profitability also continued to grow. The integration of Kuhnke has been largely, and successfully, completed, which is reflected in the increased profitability of the former Kuhnke business units Industrial Control Systems and Automotive Control Systems. Kendrion continues to focus fully on offering high-quality innovative products to our niche markets. This will be reflected in a number of new projects that will be launched during the course of the year, in Germany and China in particular".