Kendrion N : Kendrion protects profitability and cashflow amidst economic slowdown
November 07, 2023 at 03:07 am EST
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Kendrion N.V.
Kendrion N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date07 nov 2023 - 07:31
Statutory nameKendrion N.V.
TitleKendrion protects profitability and cashflow amidst economic slowdown
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202311070000000004_20231107 - Kendrion N.V. press release - Kendrion protects profitability and cashflow amidst economic slowdown.pdf(opens in a new window)
Kendrion NV published this content on 07 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2023 08:06:06 UTC.
Kendrion N.V. specializes in the design, manufacturing and marketing of intelligent actuators that help advance the global push towards automation, electrification and cleaner forms of energy in a wide range of industrial and automotive applications. These actuators can be found in wind power turbines, robots, warehouse automation, electric vehicles, energy distribution and industrial heating processes. Net sales break down by business segment as follows:
- Automotive (50.5%): electromagnetic systems and components for passenger cars and commercial vehicles;
- Industrial (49.5%): industrial actuators and controls (solutions based on electromagnetic actuators, control technology and fluid technology) and industrial brakes (electromagnetic brakes for electromotors).
Net sales are distributed geographically as follows: Netherlands (2.9%), Germany (59.7%), Europe (18.7%), Americas (10%) and Asia (8.7%).
KENDRION N.V. 
