2019 was a transformational year for the Van Leeuwen Pipe and Tube Group. The acquisition of Benteler Distribution, which was closed at the end of November 2019, will double the company’s total sales volume.
Van Leeuwen’s turnover increased 25% to € 787M. The operating result improved almost 26% to € 17M (2018: € 13.5M). The net result increased to € 10.1M (2018: € 9.7M). Excluding the contribution of the acquisition of Benteler Distribution, Van Leeuwen’s turnover increased 19% to € 750M. The operating result improved to € 18.3M and the net result increased to € 11.5M.
Most of the European distribution companies had positive results in 2019. Van Leeuwen successfully executed large projects in North America, Asia, and Europe. At the start of 2020, the order book for energy projects was at a good level.
