|  

Broadview Holding’s growth due to acquisitions alone

30.04.2021 − 

Broadview Holding, belonging to the “Unquoted subsidiaries” division of the Hal Holding and predominantly active in the laminates business, raised its sales revenue by 14 % its business year 2020 to €1.107bn. Adjusted for acquisitions and exchange-rate effects, however, sales revenue was 12.5 % down against a year earlier. The main reason given are the corona-driven losses in the second quarter. The Broadview holdings Trespa International, Arpa Industriale, and Westag & Getalit registered an upswing in the second half-year whereas trading remained difficult for Formica, which concentrates more heavily on large-scale project business. Broadview Holding’s operating result for the year as a whole fell by almost a third to €56m. Here, acquisitions and divestments had a positive impact to the tune of €6m.

At the beginning of May 2020, Broadview Holding took over the British worktop dealer Direct Online Services. (DOS) which was able to boost its sales revenue to €54m in 2020 as a whole. The shareholding in the LNG distributor Molgas Energy Group was sold in July. In the preceding years, there had been significantly greater changes in the consolidated companies as a result of the majority share acquired in Westag & Getalit in August 2018 and the purchase of Formica at the beginning of June 2019.

Tags of this news:

previous − Surteco ended Q1 with double-digit rise in revenues

Ahlstrom-Munksjö files to have shares delisted  − next