Growth in this year will be another 20%
VDL expects turnover to continue to grow in 2018 to approximately € 6 billion, a rise of 20 percent. All the divisions will contribute to this growth, President and CEO Willem van der Leegte said today. “We expect solid growth, above all in high-tech and automotive. More of our companies will continue to profit from the economic situation.”
VDL Groep achieved growth across the board in 2017, as compared to 2016. The industrial family business with headquarters in Eindhoven, saw its turnover, result and numbers of employees grow, last year. In addition, VDL is seeing the continuous broadening of its role as a subcontractor.
VDL Groep’s combined turnover rose from € 3.208 billion in 2016 to € 5.049 billion in 2017, a rise of 57 percent. The net result rose from € 150 million in 2016 to € 153 million in 2017. The number of employees rose in 2017 by 2,781 to 16,137 at the end of 2017. 85 percent of all employees work in the Netherlands, the highest percentage over the past few decades. VDL Groep has a solid equity position and is a financially healthy family business.
“2017 was a challenging and enervating year for VDL Groep,” commented President and CEO Willem van der Leegte. “The past twelve months has been hallmarked by the organisation of our growth. The fact that we have once again succeeded in growing across the board is evidence that we remain in a state of flux, on all fronts. 2017 was a good year for VDL Groep.”
VDL Groep began 2018 as expected: turnover is above last year’s level. The total turnover in the first 7 weeks of this year amounted to € 733 million and is thus higher than in the same period last year (€ 569 million). The order book (excluding VDL Nedcar) is up from € 769 million at the end of 2017 to € 816 million in week 7 of 2018. Van der Leegte: “The outlook is positive. We will also continue with the policy implemented to date by strengthening our organisation, tightening focus and continuing to invest broadly in 2018.”
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