OVERVIEW OF THE ACTIVITIES BY BUSINESS UNIT

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The Business Unit Steel and steel processing has everything under one roof: a large stock of sheet steel, profiles and bulb flats in a range of qualities, dimensions and thicknesses, specialist cutting capacity (autogenous, plasma and laser), technical steel processing such as the application of fusion edges, reducing and shaping of steel and our own steel coating line. This makes it possible to supply complete shipbuilding kits.

The Red Kestrel is now sailing on the Solent

Looking back

Revenue for the Business Unit Steel and steel processing increased by more than 4% in 2019 over 2018. With the declining steel price and the capacity limitation that is still in place, the margin was under pressure and the write-off of stocks at the end of the financial year means that the result for 2019 was disappointing.

The operating margin fell by 4.9 percentage points and was affected to a major extent by the downward revaluation of the preparation costs for the installation of a cutting machine. However, the supplier has failed to deliver, as a result of which the Business Unit now has an investment that has only been half completed. In addition, the downward revaluation of the steel stocks had a negative effect on the operating margin.

Looking ahead

With the arrival of the new managing director, the investment plan of the Business Unit Steel and steel processing has been updated and is ready for implementation in 2020. The Dutch shipbuilding sector has a limited number of players and is therefore a narrow platform on which to build. A tailored and conservative approach is therefore advisable.

“Focus on modernisation, efficiency and strengthening of the trading position.

In addition, global developments such as import levies, overproduction, coronavirus and stagnating economic growth do not contribute to a stable steel market. De Boer Staal and De Boer Snijbedrijf are focusing on modernising cutting activities, strengthening the trading position and improving efficiency in the production of shipbuilding kits.

Welding moulds for monopiles

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OVERVIEW OF THE ACTIVITIES BY BUSINESS UNIT

image

The Business Unit Steel and steel processing has everything under one roof: a large stock of sheet steel, profiles and bulb flats in a range of qualities, dimensions and thicknesses, specialist cutting capacity (autogenous, plasma and laser), technical steel processing such as the application of fusion edges, reducing and shaping of steel and our own steel coating line. This makes it possible to supply complete shipbuilding kits.

The Red Kestrel is now sailing on the Solent

Looking back

Revenue for the Business Unit Steel and steel processing increased by more than 4% in 2019 over 2018. With the declining steel price and the capacity limitation that is still in place, the margin was under pressure and the write-off of stocks at the end of the financial year means that the result for 2019 was disappointing.

The operating margin fell by 4.9 percentage points and was affected to a major extent by the downward revaluation of the preparation costs for the installation of a cutting machine. However, the supplier has failed to deliver, as a result of which the Business Unit now has an investment that has only been half completed. In addition, the downward revaluation of the steel stocks had a negative effect on the operating margin.

Looking ahead

With the arrival of the new managing director, the investment plan of the Business Unit Steel and steel processing has been updated and is ready for implementation in 2020. The Dutch shipbuilding sector has a limited number of players and is therefore a narrow platform on which to build. A tailored and conservative approach is therefore advisable.

“Focus on modernisation, efficiency and strengthening of the trading position.

In addition, global developments such as import levies, overproduction, coronavirus and stagnating economic growth do not contribute to a stable steel market. De Boer Staal and De Boer Snijbedrijf are focusing on modernising cutting activities, strengthening the trading position and improving efficiency in the production of shipbuilding kits.

Welding moulds for monopiles

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