Agidens

86%

(€ 1.000, IFRS) 2017 2016
Turnover 71,255 75,026
EBITDA 1,938 4,557
Net result (group share) -413 1,588
Shareholders' equity (group share) 21,480 22,564
Net financial position 3,969 2,613

(1) Including the impact of the sale of Handling Automation

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Agidens

Beneficial interest 86%
AvH Contact: John-Eric Bertrand
www.agidens.com

Agidens provides advice, automation and maintenance services for five focus markets: Life Sciences, Tank Terminals, Food & Beverage, Infrastructure and Chemistry. The group currently has about 550 employees,spread across Belgium, the Netherlands, France and Switzerland.

Information from the 2017 annual report

From a financial perspective, 2017 has been a challenging year for Agidens. Due to the shift in the timing of a number of projects and additional investments in the completion of several innovative products, it was not possible to achieve the anticipated profitability for 2017. The order book remains healthy and amounted to approximately 50 million euros at the end of 2017.

The implementation of the ‘20/20 Vision’ strategic five-year plan has been developed further, however, and has led to a number of new opportunities, such as the intention to operate globally as a preferred automation partner for several key players within the Oil & Gas sector, and the opening up of the Dutch and Walloon market for wet infrastructure.

In 2017, Agidens finalised the development of its Aline and Axcel products within the Tank Terminals (Oil & Gas) segment. A modular Terminal Management System was developed by means of an open innovation process involving several partners. This optimises the daily operation of a tank terminal and enables the customers to use the same view and follow-up worldwide. The tank terminal business unit strengthened its prominent market position in the ZARAG region (the area incorporating Zeebrugge, Amsterdam, Rotterdam, Antwerp and Ghent) in 2017. Initial steps towards several other important hubs, such as Houston and Singapore, were also made.

Thanks to a sharp strategic focus on certain niches and a good operational project implementation, the Food segment was able to record increased profitability under difficult market conditions. Agidens succeeded in significantly expanding its customer portfolio in both Belgium and the Netherlands.

The activities in the (fine) chemical industry also produced a significant profitable growth.

The Life Sciences division continued its expansion in Western Europe, building on the solid foundation of its key account management and in-depth knowledge of the industry. It is regarded as the preferred supplier by a large number of pharmaceutical multinationals. The new branch in France was successfully expanded. In addition, the division succeeded in specialising further in the niche of thermal validation, and in increasing its market share. As a result, an increasing number of hospitals in Flanders are relying on Agidens.

The market penetration of the Infra Automation division expanded from Flanders into Wallonia and the Netherlands. In addition to the successful start-up of the Beatrix lock project, the organisation in the Netherlands was strengthened in order to serve the market for medium and large-scale wet infrastructure works even better.

Agidens is expecting to continue its profitable growth in 2018, thanks to a clear strategic plan, focus, and an increasing demand for automation.

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