2016 financial year: Good result in the year of report

In the 2016 financial year the BENTELER Group again enjoyed stable development and achieved a positive result. Earnings from operating activities after non-recurring effects (EBIT) increased to €191.2 million (2015: €136.2 million). Contributing to this rise were in particular the positive development in the Automotive Division and the sale of BENTELER Engineering Services with effect from January 1, 2017. Revenue, coming in at €7,423 million, was slightly below the previous year (2015: €7,598 million); adjusted for currency effects, revenue was €48 million, or 0.6 percent, lower than the year before. The principal reasons for the fall are the continuing difficult business environment in the Steel/Tube Division – due to the ongoing crisis in the oil and steel tube market – and the sale of BENTELER Trading International. Adjusted for this effect, Group revenue from operations is at the level of the previous year. For 2017 the BENTELER Group again expects a slight rise in revenue.


“Despite a volatile market environment, we succeeded in achieving a good result in the 2016 financial year,” explained Hubertus Benteler, CEO of BENTELER International AG. “In particular the Automotive Division was able to gain ground. In addition, in the past financial year we sold BENTELER Engineering Services and BENTELER Trading International and we will now concentrate more strongly on our core business.”

Ralf Göttel, CEO designate of BENTELER International AG, who is due to take over the reins from Hubertus Benteler on April 1, 2017, says: “We are well equipped for the future: In the Automotive Division we will profit from the growth in Asia. We are pushing ahead consistently with themes that impact the future, such as Industry 4.0 and e-mobility. In this way we can already today offer our customers suitable solutions.” Ralf Göttel adds: “In our steel tube business, we are seeing the first positive signals from the oil market and expect an improvement in revenue performance in 2017.”


In order to open up growth opportunities for the future, the BENTELER Group made investments of €440 million in 2016, a large part of this in the expansion of international business. In particular this investment went into new thermoforming lines in the Automotive Division. Around €60 million was invested in the new hot rolling mill in Shreveport, USA. In this context, the BENTELER Group was also able to increase its total assets by 10.4 percent to €4,766 million. Despite the investments, the company has again increased its equity ratio; equity rose by €96 million.