Automated Material Handling System Company Sees Profits

Vanderlande Industries, an automated material handling systems firm, have achieved net sales of EUR 741 million in the financial year of 2013, which ended Marth 31, 2013. Their finances have been unchanged since 2010, and with the new 31% increase reflects the market recovery, and the increased market focus, along with international expansion of the company. Their order intake grew 5% to EUR 747 million. The order book stands at EUR 858 million, an all-time high for the company. EBIT grew with 16% to EUR 24.3 million and net earnings were EUR 26.1 million or 3.5% of sales, aided by a tax benefit of EUR 8 million. These numbers reflect the company’s growth as a leader in the automated materials handling industry systems. The success of the company is also reflected in the increase of employee growth, that rose to 16% in 2011. The long-term outlook remains promising. Read about it HERE.