Benteler acquisition boosts Van Leeuwen 2020 performance

Van Leeuwen Pipe and Tube Group achieved a positive result in 2020, despite the extraordinary overall circumstances, and is upbeat about the current year, Kallanish learns from the Dutch tube distributor.

Results were affected by the Covid-19 pandemic, but the company benefited from the scale it gained with Benteler Distribution, which was acquired at the end of 2019. This doubled the size of Van Leeuwen. Total 2020 sales amounted to €1.18 billion ($1.4 billion) versus €787 million in 2019. The operating result was €15m, down from €17m, while the net result amounted to €9.4m, after €10.1m in 2019.

At the end of the third quarter, customers in various market segments restarted production and this pushed up volumes, giving the company a positive outlook for 2021. There is an upward trend in price levels and market activities are picking up again, it says, noting that its European distribution companies, in particular, are enjoying strong orders.

The group has 78 branches with 2,400 employees spread across 33 countries throughout Europe, the Middle East, Asia, Australia, and North America.

Christian Koehl Germany