Vanderlande has announced a total revenue of €1.1bn 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 €1.7bn - an 11% increase on CY2015 - for the same period, which will help to support Vanderlande's strategy of sustainable profitable growth.
The company's operational result (EBIT) also stands at a record high of €64m, which is €8m 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 €49m, which equals 4.4% of revenue (compared to €42m and 4.3%).
Vanderlande's financial results are indicative of how its position as a leader for 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 lifecycle services - to loyal and 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 €1.3bn 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.
"Vanderlande's financial strength provides the platform from which to capitalise on our rapid growth and the excellent position in our markets," says Vanderlande's CEO, Remo Brunschwiler. "There is a high level of interest for the type of solutions and services that Vanderlande provides, and revenue is expected to increase again from CY2016. This anticipated growth is based on a strong order book, a promising sales funnel and Vanderlande's increased focus within the above market segments."