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picanol (PIC) Snapshot

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02/20/14 - €30.07
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04/24/13 - €19.15
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picanol (PIC) Details

Picanol NV develops, produces, and sells weaving machines and other high-tech, industrial products, systems, and services worldwide. It offers air jet and rapier weaving machines; kits and spare parts; and weaving accessories, such as reeds, frames, and heddles, as well as consultancy, training, and repair services related to weaving machines. The company also provides cast iron parts for compressors and agricultural machinery; and electronic and mechatronic systems comprising controllers, power electronics, and electronically-controlled motors for original equipment manufacturers. In addition, it develops and produces product solutions for petrochemical, medical equipment construction, and chemical and pharmaceutical markets. The company’s machines are used in the manufacture of apparel, such as blouses, bottomweights/gabardines, workwear and drills, corduroy, denims, downproof vests, handkerchief and poplins, rain and outerwear, high-twists, interlinings, lawn fabrics, linen suitings, linings, man-made fiber suitings, print clothes, protection wears, seersuckers, sport shirtings, ginghams, synthetic sportswear, and worsted and woollike fabrics; and household fabrics, including bedspreads, blankets, curtains, furnishing/upholstery, inlets, mattress tickings, print clothes, sheetings/percales/flannels, tableclothes/household linens, terry, and voiles. Its machines are also used in the manufacture of technical fabrics comprising airbags, awnings, camping tent clothes, canvas and heavy tent clothes, coating fabrics/tarpaulins, computer ribbons, conveyor belts, filter clothes, flocking backing and osnaburgs, gauzes, glasses, industrial fabrics, parachutes and spinnakers, protection wears, sail clothes, seat fabrics, secondary carpet backings, tire cords, and umbrellas. The company was founded in 1936 and is headquartered in Ypres, Belgium. Picanol NV is a subsidiary of Oostrotex NV.

Founded in 1936

picanol (PIC) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: --
Chairman and Chief Financial Officer
Total Annual Compensation: €60.0K
Executive Director
Total Annual Compensation: €8.3K
Compensation as of Fiscal Year 2012.

picanol (PIC) Key Developments

Picanol Group Reports Consolidated and Audited Earnings Results for the Year 2013; Reports Parent Sales Results for the Year 2013; Provides Earnings Guidance for the First Half and Full Year of 2014

Picanol Group reported consolidated and audited earnings results for the year 2013. For the year, the company's sales were EUR 559,979,000 compared to EUR 461,751,000 a year ago. Operating results was EUR 103,656,000 or EUR 5.86 per share compared to EUR 72,275,000 or EUR 4.08 per share a year ago. Profit before taxes was EUR 106,387,000 or EUR 6.01 per share compared to EUR 75,067,000 or EUR 4.24 per share a year ago. Profit after taxes was EUR 75,556,000 compared to EUR 55,302,000 a year ago. Profit was EUR 73,168,000 or EUR 4.13 per share after dilution compared to EUR 55,302,000 or EUR 3.12 per share after dilution a year ago. Net operating cash flow was EUR 92,527,000 compared to EUR 38,345,000 a year ago. The turnover of Picanol NV increased in 2013 by 31% compared to 2012, from EUR 329.5 million to EUR 431.9 million, driven by the strong order book in the first half of the year. For the first half of 2014 the group expects to realize a turnover below that of 2013, more in line with the first half of 2012. The group expects a significant slowdown in the global weaving machine market for 2014.

Picanol Group Reports Consolidated Earnings Results for the First Half Ended June 30, 2013; Provides Turnover Guidance for the Second Half of 2013

Picanol Group reported consolidated earnings results for the first half ended June 30, 2013. For the period, the company reported sales of EUR 304,057,000 against EUR 219,086,000 a year ago. EBITDA was EUR 62,355,000 against EUR 38,370,000 a year ago. EBIT was EUR 60,144,000 against EUR 34,514,000 a year ago. Profit before tax was EUR 61,821,000 against EUR 35,336,000 a year ago. Profit was EUR 42,426,000 or EUR 2.40 per basic and diluted share against EUR 25,353,000 or EUR 1.43 per basic and diluted share a year ago. Net cash flow from operating activities was EUR 52,570,000 against EUR 32,815,000 a year ago. Acquisitions of intangible fixed assets were EUR 36,000 against EUR 214,000 a year ago. Acquisitions of tangible fixed assets were EUR 2,879,000 against EUR 3,882,000 a year ago. The group expects to realize in the second half of 2013 a slight turnover increase in comparison to the stronger second half of 2012.

Picanol NV to Report Fiscal Year 2013 Results on Feb 26, 2014

Picanol NV announced that they will report fiscal year 2013 results Pre-Market on Feb 26, 2014


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