The Dutch group Van Leeuwen Buizen has achieved a very positive result. Even 2021 went off to a great start for the company that has doubled in size after an acquisition at the end of 2019.
The turnover for 2020 consisted of € 1.178 million (2019: € 787 million), the operating profit of € 15 million (2019: € 17.0 million), and the net profit of € 9.4 million (2019: € 10.1 million). The solvability has increased to 36.8% in 2020 (2019: 30.8%).
The corona pandemic influenced the results over the year. However, the company profited from the increased size it got after acquiring Benteler Distribution at the end of 2019, which doubled its size. By the end of 2020, the market had somewhat recovered.
Warehouse Van Leeuwen Pipe and Tube Group
Van Leeuwen Pipe and Tube Group are active in the horticultural market, among others. In the horticultural market, the company supplies products such as profile pipes and heating tubes for greenhouses, as well as mixing and control equipment and welding components.
Van Leeuwen took some important steps in terms of integration in 2020 when acquiring Benteler Distribution, which further expanded their global presence, especially in Germany, Switzerland, Scandinavia, and Central Europe. When possible, the acquired companies merged with Van Leeuwen companies. Now, all of them are operating under the Van Leeuwen name.
Warehouse Benteler Distribution, which Van Leeuwen Pipe and Tube Group acquired at the end of 2019.
A drop in demand
The level of activity within the energy sector was high for the first half of 2020. However, from the second quarter on, demand dropped in nearly every market due to pandemic and lockdown measures, especially in the manufacturing and energy sectors. Van Leeuwen took several precautions such as cost reduction, reorganizations, and decreased inventory levels.
At the end of the third quarter, clients in various market segments started production again, and the overall production volume was brought to a higher level. By the end of 2020, there was a visible market recovery. The outlook for 2021 is a positive one. There is an upwards trend in terms of price levels, and the market activities are increasing as well. Especially Van Leeuwen’s European distribution companies are having a great start, as the company shares with the explanation of their annual figures.
Peter Rietberg, Chairman of the Board of Directors: “Van Leeuwen is a family-run company which is proud of its almost one-hundred-year-old history. The unique year of 2020 has shown us that, if need, we can adjust quickly and adequately to new circumstances, as we have done throughout our company’s history. We are supported by our size and international presence, strong distribution network, and large product range, but most of all, we are supported by our team of involved staff members all around the world.”
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Van Leeuwen Buizen Group