Haniel Group, which includes mattress ticking manufacturer BekaertDeslee and boxed mattress brand Emma as part of its portfolio, has reported a growth in turnover for the first half of 2023.
According to its latest half year results, group revenue increased by 10% to €2.2bn from €2bn in 2022. Operating profit amounted to €144m, up from €115m, while pre-tax losses narrowed from €25m to a loss of €3m.
“The positive performance was due especially to growth at CWS and Emma. Adjusted for acquisitions and currency translation effects, revenue grew by 9%,” the group said.
“Haniel’s management affirms its outlook as stated in the Annual Report 2022 and generally assumes that the Haniel Group’s revenue will be up year on year thanks to organic growth. Operating profit is also expected to increase slightly.
“Due to non-recurring items in 2022, the management expects operating free cash flow to be down in 2023 as compared to 2022, albeit significantly higher than the level reported in 2021.
“Revenue and profits could deviate from the development presented due to the acquisition of additional portfolio companies or supplementary acquisitions by the existing portfolio companies, as well as the disposal of portfolio companies. Moreover, they may be affected by unforeseeable macroeconomic developments.”