2017 financial year: sound foundations for continued investment
The 2017 financial year saw BENTELER generate the highest level of revenues in the company’s more than 140-year history: the BENTELER Group generated revenues of €7.856 bn. All three Divisions delivered substantial revenue growth in 2017 – outpacing the market. Profit from operating activities (EBIT) amounted to €206.8 m, a rise on the previous year’s level (€191.2 m). Consolidated profit, at €100.8 m, was slightly below the 2016 level. This was due in particular to the higher tax rate, non-recurring effects during the previous year and higher interest payments in 2017. The steady growth of the BENTELER Group is also reflected in other metrics: cash and cash equivalents remain high and the financing structure is sound. In short, during the past financial year BENTELER laid the foundations for continued investment in the markets and technologies of the future and active market engagement. “The figures for the past financial year show that we are even successful in a competitive environment with high market volatility,” said Ralf Göttel, Chief Executive Officer of BENTELER International AG. That lays the foundation for the company’s future development.
REVENUE PERFORMANCE SINCE 2013
The increase in profitability, greater competitiveness and the preservation of financial independence remain the basis for the five-year plans of all Divisions within BENTELER. “We are well positioned and our order book is very promising. We are therefore confident of achieving our targets for 2018,” said CEO Ralf Göttel. By 2022 revenues should exceed €11.3 bn. This growth will be financed entirely from our own resources in order to preserve the Group’s sound financing structure, because it enables the BENTELER Group to seize market opportunities flexibly – in the near but also the more distant future.