The Van Leeuwen Pipe and Tube Group ended 2022 with record sales and net profit figures. The global markets and economy were impacted by the exceptional geopolitical situation, significantly increasing energy prices and inflation. Globally, material prices increased sharply due to supply chain disruptions. Total turnover increased significantly due to a high price level in combination with a strong stock position. The profit growth provided an opportunity to substantially invest in the company.
The total sales of the Van Leeuwen Pipe and Tube Group amounted to EUR 1,672M in 2022 (2021: EUR 1,431M). The operating result amounted to EUR 104M (2021: EUR 79M) and the net result was EUR 88M (2021: EUR 64M). Solvency improved to 42.9% (2021: 40.7%).
At the beginning of 2022, supply chain disruptions resulted in sharply increasing material prices in Europe. Market demand particularly in the mechanical engineering, civil engineering, and hydraulics segments was, however, at a good level. Most European Van Leeuwen distribution companies performed very well. During the second half of 2022, the market cooled down and price levels slightly decreased. The Van Leeuwen branches outside Europe benefited later in the year from the recovery in demand in the energy segment. Branches in North America and Asia booked some nice projects. The company in Australia again performed very well.
