September 21, 2014 4:39 PM ET

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Company Overview of Pinafore Holdings B.V.

Company Overview

Pinafore Holdings B.V., a diversified industrial company, manufactures and sells various power transmission belts and fluid power products worldwide. The company provides engineered rubber and polyurethane accessory drives, synchronous belts, idlers, tensioners, hydraulic hose, transfer hose, hose assemblies, and couplings, as well as provides hose inspection, maintenance, repair, and monitoring services. It serves customers in various sectors, including oil and gas, mining, processing, construction, agriculture, transportation, automotive, and manufacturing. The company was founded in 1925 and is based in Amsterdam, the Netherlands.

Fred. Roeskestraat 123

Amsterdam,  1076 EE

Netherlands

Founded in 1925

14,176 Employees

Phone:

31 20 577 1177

Key Executives for Pinafore Holdings B.V.

Group Chief Executive Officer
Age: 59
Group Chief Financial Officer
Age: 51
President of Americas
Age: 44
President of EMEA
Age: 56
President of APAC
Age: 50
Compensation as of Fiscal Year 2014.

Pinafore Holdings B.V. Key Developments

Pinafore Holdings B.V. Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 29, 2014

Pinafore Holdings B.V. reported un-audited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported sales of $763.8 million, up 2.6% compared with first quarter of 2013 sales of $744.6 million. The growth is a result of increases across all end markets, principally the industrial and automotive replacement markets. This growth was partially offset by an adverse impact of movements in average currency translation rates of $12.8 million, principally the Brazilian Real and the Canadian Dollar. Adjusted EBITDA was $144.6 million, up 12.7% from $128.3 million in first quarter of 2013. The adjusted EBITDA margin increased from 17.2% in first quarter of 2013 to 18.9% in first quarter 2014. The increase is primarily a result of the improvement in gross profit margin during first quarter of 2014 and the lower administrative expenses due to high medical claim costs in Gates North America during the prior year quarter. The company reported operating profit of $81.8 million compared to $63.5 million, profit before tax of $51.5 million compared to $28.7 million, profit for the period from continuing operations of $28.7 million compared to $14.0 million, loss attributable to equity shareholders of $11.6 million compared to profit attributable to equity shareholders of $14.6 million, net cash inflow from operating activities of $22.5 million compared to net cash outflow from operating activities of $31.1 million, purchase of property, plant and equipment of $19.4 million compared to $13.6 million and purchase of computer software of $1.3 million compared to $1.1 million for the last year. During the quarter, the group's net debt increased by $9.2 million from $1,428.4 million at December 31, 2013 to $1,437.6 million at March 29, 2014.

Pinafore Holdings B.V. to Report Q1, 2014 Results on May 06, 2014

Pinafore Holdings B.V. announced that they will report Q1, 2014 results at 7:00 AM, US Eastern Standard Time on May 06, 2014

Pinafore Holdings B.V., Q1 2014 Earnings Call, May 06, 2014

Pinafore Holdings B.V., Q1 2014 Earnings Call, May 06, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 4, 2014
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