May 7 2014, David R Brown
Biesterfeld Group reports steady growth in 2013 despite market challenges
In 2013 the Biesterfeld Group, headquartered in Hamburg, continued to make steady growth despite a challenging business environment. The group increased its revenue by 6.1% to around €1,057M and was also was successful in expanding its shares in key market areas.
We were successful in increasing our market share in Europe, expanding into new regions, and widening our portfolio
Birger Kuck
CEO of Biesterfeld AG
Operating profit (EBIT), at around €29.4m, remained just below prior year's figure (€29.7m), which had been influenced by extraordinary items. Inconsistent price and margin trends, particularly in the plastics and natural rubber industries, as well as weak international trade stimuli affected the group's profit.
The Group's positive business development was due in large part to the two business units, Biesterfeld Plastic and Biesterfeld Spezialchemie which were boosted by the acquisitions of Küttner GmbH in Germany and SMPC Production S.A in France. In addition the joint venture Biesterfeld Nordic AB, founded in 2013, and the recently established Thai company Biesterfeld International Ltd., also had a positive impact on business operations.
“In the past year, we were successful in increasing our market share in Europe, expanding into new regions, and widening our portfolio with new products and product groups. We entered 2014 with renewed strength. The remarkable first quarter results affirm our strategy,” said Birger Kuck, CEO of Biesterfeld AG.
The Biesterfeld Group is expecting to see continued growth in 2014.
About Biesterfeld AG
Biesterfeld AG is the strategic holding company of the Biesterfeld Group, with a 100 year tradition as a trade and services company in the chemicals business. The family owned company is one of the leading enterprises in chemicals and polymer distribution and operates from more than 50 locations worldwide including Germany, Europe, North and South America and Asia-Pacific.
Source(s): Biesterfeld Press Release
Further Information
Visit: http://www.biesterfeld.com