Good buy Toyota: Vanderlande reveals record revenue, order book and profit

Good buy Toyota: Vanderlande reveals record revenue, order book and profit

Toyota Industries Corporation’s latest acquisition Vanderlande has announced a total revenue of € 1.1 billion (euro) for CY2016, which represents an increase of 15% compared with the previous year’s 12-month figure and a record in the company’s history. In addition, the final order book reached an all-time high level of € 1.7 billion – an 11% increase on CY2015 – for the same period.

The company’s operational result (EBIT) also stands at a record high of € 64 million, which is € 8 million more than the previous year. As a percentage of revenue, the EBIT is 5.7% (approximately the same as CY2015) and the net income amounts to € 49 million, which equals 4.4% of revenue (compared to € 42 million and 4.3%).

Vanderlande’s financial results are indicative of how its position as a leading supplier of value-added logistic process automation in the airports, warehousing and parcel markets has continued to strengthen. This was due mainly to the completion of large-scale projects providing its range of integrated solutions – innovative systems, intelligent software and life-cycle services – to key customers, including the e-commerce and food retail sectors, and the leading international parcel delivery companies and airports (such as Amsterdam Schiphol, London Heathrow and Oslo Gardermoen).

Overall the positive performance of Vanderlande’s life-cycle services – and certain parcel projects in North America – has helped to increase the order intake to € 1.3 billion in CY2016. The order intake for airports was also encouraging with continued interest from Asia-Pacific countries. Warehousing has performed in line with expectations, bolstered by the continued growth of the food retail and e-commerce sectors.

 

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