Van Leeuwen Pipe and Tube Group achieves positive result
The Van Leeuwen Pipe and Tube Group achieved positive results in 2020 despite COVID-19 with total sales amounting to €1,178 million.
This compared with €787 million in 2019.
The company benefited from the acquisition of Benteler Distribution at the end of 2019 - doubling the size of the company.
The acquisition has further expanded its global presence especially in Germany, Switzerland, Scandinavia and Central Europe.
During the first half of 2020, the activity level in the energy segment was high.
From the second quarter, demand decreased in almost all markets due to the pandemic and lockdown measures, especially in the manufacturing industry and the energy segment.
At the end of the third quarter, customers in various market segments restarted production and volumes reached a higher level.
Some market recovery was already visible at the end of 2020 and the outlook for this year remains positive.
Peter Rietberg, chairman of the management board, said: "Van Leeuwen is a family business that is proud of its almost one-hundred-year history.
“In the exceptional year 2020, we proved to be capable of quickly and effectively adjusting ourselves to new circumstances where necessary, as we have often done in our history. From that perspective we are looking forward to the future with a great deal of confidence. We rely on our scale and international presence, strong distribution network and wide product range, but above all on our global team of committed employees."
This compared with €787 million in 2019.
The company benefited from the acquisition of Benteler Distribution at the end of 2019 - doubling the size of the company.
The acquisition has further expanded its global presence especially in Germany, Switzerland, Scandinavia and Central Europe.
During the first half of 2020, the activity level in the energy segment was high.
From the second quarter, demand decreased in almost all markets due to the pandemic and lockdown measures, especially in the manufacturing industry and the energy segment.
At the end of the third quarter, customers in various market segments restarted production and volumes reached a higher level.
Some market recovery was already visible at the end of 2020 and the outlook for this year remains positive.
Peter Rietberg, chairman of the management board, said: "Van Leeuwen is a family business that is proud of its almost one-hundred-year history.
“In the exceptional year 2020, we proved to be capable of quickly and effectively adjusting ourselves to new circumstances where necessary, as we have often done in our history. From that perspective we are looking forward to the future with a great deal of confidence. We rely on our scale and international presence, strong distribution network and wide product range, but above all on our global team of committed employees."
