Following a year of structural change in 2016 that included the sale of Retrotech and the acquisition of Schiederwerk, 2017 was an opportunity to consolidated business within the same scope of operations, while reaping the benefits of the Group’s redeployment. Sales thus rose 12% to €254 million (+8% at constant scope of consolidation).
Growth in business was accompanied by major investments in plant and equipment, notably at Schiederwerk and Clextral, along with continued outlays on R&D which Groupe Legris Industries views as critical to its future organic growth.
Clextral reported organic growth in sales of 7% from 2016 to 2017. Instead the growth driving Division sales came from Asia and the Middle East, and even more from countries in Eastern Europe.
Keller’s sales declined 4% fully year. The Division ended the year with a small orderbook, awaiting major new contracts that were signed in early 2018.
In 2017 Schiederwerk confirmed its growth expansion with sales of €38 million, up 39% from 2016.
In 2018 we will continue to expand through organic growth and/or acquisitions.