Kendrion N : Kendrion reports strong first quarter with increased profitability
May 07, 2024 at 04:08 am EDT
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Kendrion N.V.
Kendrion N.V.
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Registration date07 may 2024 - 07:33
Statutory nameKendrion N.V.
TitleKendrion reports strong first quarter with increased profitability
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202405070000000004_20240507 - Kendrion N.V. Press Release Q1 2024 results.pdf(opens in a new window)
Date last update: 07 May 2024
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07 May 2024 and is solely responsible for the information contained therein. Distributed by
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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%).