Tesa SE posts double-digit growth in 2017
Tesa SE brought the 2017 fiscal year to a positive close. The development of the business in the U.S. was highly positive again, most especially in terms of sales of adhesive tapes for the automotive sector.
Tesa SE brought the 2017 fiscal year to an extremely successful close. Sales rose by 10.6% in organic terms (nominal increase: 9.8%), to € 1.2578 billion (previous year: € 1.1458 billion). The operating result (EBIT) reached EUR 207.5 million, resulting in an EBIT margin of 16.5% (previous year: 16.2%). Both the direct business and the retail trade in all regions contributed to the company’s growth. Particularly striking growth was noted in Asia, where the project business with the electronics industry provided strong momentum.
“2017 was an outstanding year. We posted double-digit growth in terms of sales and kept our return on sales at the same high level,” said Dr. Robert Gereke, CEO of Tesa SE, at today’s press conference in Norderstedt, near Hamburg. “We are especially pleased to see that the business with the electronics industry in Asia has returned to its former strength. The fact that the automotive sector once again saw disproportionately high growth and all other areas and regions also posted positive development shows that our success is founded on a broad basis.”
Acquisitions in Germany and the Netherlands completed
The integration of “Nie wieder bohren” AG, which was acquired in March 2017, was successfully concluded. The company, which is based in the German city of Hanau, produces hooks and bath accessories based on the patented affixing solution of the same name (which means “never drill again”). Sales were already up significantly during this reporting year. The acquisition also helps tesa tap into new customer groups, particularly in the commercial segment.
Tesa concluded another acquisition in March 2018, acquiring the Twinlock product division of Polymount International BV, based in the Dutch city of Nijkerk, near Amsterdam. It manufactures and markets a patented technology for mounting printing plates worldwide. Gereke comments: “We are continuing to pursue our approach of using acquisitions and stakes in other companies to bring supplementary know-how into the company and accelerate our growth.”
