Automation specialist Vanderlande has announced total revenue of €1.1bn (US$1.18bn) for 2016, representing a 15% increase compared with the previous year – and a new company record.
In addition, the final order book reached an all-time high of €1.7bn (US$1.8bn), an 11% increase on 2015, which will help to support Vanderlande’s strategy of sustainable profitable growth. The company’s operational result also stands at a record high of €64m (US$68.6m), which is €8m (US$8.6m) more than the previous year.
Overall the positive performance of Vanderlande’s services – and certain parcel projects in North America – helped to increase the order intake to €1.3bn (US$1.4bn) in 2016. The order intake for airports was also encouraging, with continued interest from Asia-Pacific countries. Warehousing performed in line with expectations, bolstered by the continued growth of the food retail and e-commerce sectors.
Remo Brunschwiler, CEO, Vanderlande, said, “Vanderlande’s financial strength provides the platform from which to capitalize on our rapid growth and the excellent position in our markets. There is a high level of interest for the type of solutions and services that Vanderlande provides, and revenue is expected to increase again from 2016. This anticipated growth is based on a strong order book, a promising sales funnel, and Vanderlande’s increased focus within the above market segments.”