News > News Library > 2010 excellent year for VDL Groep

2010 excellent year for VDL Groep

Following the crisis year 2009, 2010 turned out to be a year of recovery for VDL Groep in Eindhoven, with excellent results. The combined turnover rose by 25% from €1.162 billion in 2009 to €1.458 billion 2010. The consolidated turnover in 2010 will be approximately €1.3 billion, compared to €1.058 billion in 2009. The result after taxes was €76.6 million, compared to the meagre €18 million in 2009. This makes 2010 the second best year ever in the history of the VDL Groep. The number of employees also rose from 6,113 at the end of 2009 to 7,126 at the end of 2010.

Supplies
Turnover at the supplies division rose considerably from €427 million in 2009 to €737 million in 2010. This 73% rise in turnover is mainly due to the recovery in the semi-conductor market, the market for solar energy and LED lighting, and the automotive industry. The order portfolio is currently well filled, and clearly increasing: from €272 million at the end of 2009 to €296 million in week 8 of 2011. For 2011, VDL expects turnover at the supplies division to continue to rise further. The result of the supplies division showed a profit for the year.

Buses
The bus and coach division is still suffering from the crisis. Turnover fell by 10% from €473 million in 2009 to €427 million in 2010. The number of touring coaches and public transport buses delivered did however rise from 1,114 in 2009 to 1,430 in 2010. The number of mini and midi buses rose from 207 to 232. The number of delivered chassis fell from 1,215 to 980. Despite a rise in the number of buses delivered, turnover fell due to a change in product mix. The order portfolio is showing improvement, from  €154 million at the end of 2010 to €256 million in week 8 of 2011. In 2010, the bus and coach division showed a slightly negative result. VDL is positive for the remainder of 2011.

Finished products

Turnover in the finished products division rose by 12% from €263 million in 2009 to 294 million at the end of 2010. Among the markets showing improvement were air suspension systems and agricultural systems. Nonetheless, turnover is not yet back at the pre-crisis level. The order portfolio is slightly up from €132 million at the end of 2010 to €142 million in week 8 of 2011. The finished products division’s result was overall positive. VDL expects true recovery by the companies in this division in the second six months of 2011.

Expectations for 2011
For 2011, further growth is expected. Although the crisis is not yet over in all sectors, the prospects seem positive. It is anticipated that the consolidated turnover will rise to €1.5 billion. The result will amount to approx. €85 million.

VDL Groep
VDL Groep, with its head office in Eindhoven, is an international company focused on the development, production and sales of semi-manufactured products, buses & coaches and finished products. In total, the group, with more than 7,100 employees, consists of 80 subsidiaries spread over 16 countries. The strength of the VDL Groep lies in the mutual co-operation between the companies. In the subcontracting division, VDL specialises in metalworking, mechatronic systems and system supply, plastics processing, and surface treatment. The bus & coach division includes coaches, chassis modules, public transport buses, mini & midi buses and second-hand buses. The finished products division comprises suspension systems for the automotive industry, heating, cooling and air-technical systems, systems for the oil, gas and petrochemical industry, production automation systems, systems for the agricultural sector, sunbeds, roof boxes, container handling equipment, cigar-making and packaging machines, components for bulk handling and dust extraction installations and systems for  explosion and fire protection.

Valkenswaard, March 2011


VDL Bus & Coach bv
Marleen van Zeeland
Communications
+31 (0)40 208 44 14
m.van.zeeland@vdlbuscoach.com

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