Material handling system provider Vanderlande Industries achieved net sales of €741m (US$965.1m) in financial year 2013. After remaining essentially unchanged since financial 2010, the company says the 31% increase reflects the market recovery.
Order intake grew 5% to €747m ($972.9m) and the resulting order book stands at €858m ($1.1bn) – an all-time high.
The company claims increasing passenger numbers, the drive to reduce logistics cost and the growth of e-commerce are driving the demand for its systems in baggage handling, warehouse automation and parcel and postal sorting centres.
CEO Peter Gerretse commented: “The net sales and earnings show the results of the recovery in our markets in most parts of the world and confirm our strategic choices. But above all they confirm the trust our customers place in our experience and performance. Pricing levels are improving, although we still feel the pressure of tighter government budgets and airline profits in baggage handling.”
He continued: “We will continue to invest in R&D and in the development of automated material handling solutions and to actively develop our people. Our efforts to develop products that are energy-efficient and ensure utilisation of good materials which can be re-used endlessly will continue, and we intend to keep our prominent role in this field.
“Our people are key in the design, implementation and service of our solutions. We will therefore continue to recruit top talent in areas such as product development, project management, project engineering, software development and customer services. In a world of technology, we believe in people.”