OverviewSuggest Edit

Picanol Group is an industrial group specializing in mechanical engineering, agriculture, nutrition, water management, the (re)use of natural resources, and other industrial markets. Its activities are divided into five business segments: Machines and Technologies, Agro, Bio-valorization, Industrial Solutions, and T-Power. The segment Machines and Technologies includes weaving machines (Picanol), the foundry and mechanical finishing (Proferro), and the development and production of electronics (PsiControl). The Agro segment is engaged in the production, trading, and marketing of crop nutrients and crop protection products. The Bio-valorization segment focuses on animal by-product processing (PB Leiner and Akiolis). The Industrial Solutions segment includes products, systems, and solutions for the handling, processing, and treatment of water, including flocculation and depressants. The T-Power segment provides the combined cycle gas turbines.
TypePublic
Founded1936
HQIeper, BE
Websitepicanolgroup.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2021)7,000
Job Openings52
Revenue (FY, 2020)€2.2 B(-1%)
Share Price (May 2022)€65.6(+3%)
Cybersecurity ratingCMore
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Key People/Management at Picanol Group

Luc Tack

Luc Tack

CEO, Director
Stefaan Haspeslagh

Stefaan Haspeslagh

CFO, Chairman
Chantal De Vrieze

Chantal De Vrieze

Director
Patrick Steverlynck

Patrick Steverlynck

Director
Luc Van Nevel

Luc Van Nevel

Director
Jean Pierre Dejaeghere

Jean Pierre Dejaeghere

Director
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Picanol Group Office Locations

Picanol Group has an office in Ieper
Ieper, BE (HQ)
15 Steverlyncklaan
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Picanol Group Financials and Metrics

Picanol Group Revenue

Picanol Group's revenue was reported to be €2.19 b in FY, 2020
EUR

Revenue (H1, 2021)

1.4b

Gross profit (H1, 2021)

330.8m

Net income (H1, 2021)

117.2m

EBITDA (H1, 2021)

143.2m

EBIT (H1, 2021)

143.2m

Market capitalization (13-May-2022)

1.2b

Closing stock price (13-May-2022)

65.6

Cash (30-Jun-2021)

319.2m

EV

1.3b
Picanol Group's current market capitalization is €1.2 b.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

666.7m2.2b2.2b

Cost of goods sold

(500.1m)(1.6b)(1.5b)

Gross profit

166.7m645.3m701.4m

R&D expense

(14.1m)(24.9m)(24.4m)
Half Year
EURH1, 2019H1, 2020H1, 2021

Revenue

1.2b1.1b1.4b

Cost of goods sold

(865.1m)(758.4m)(1.0b)

Gross profit

322.8m377.7m330.8m
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

173.0m290.3m345.9m

Accounts Receivable

59.5m298.7m279.7m

Prepaid Expenses

6.9m2.6m11.9m

Inventories

62.8m380.2m393.4m
Half Year
EURH1, 2019H1, 2020H1, 2021

Cash

291.8m320.0m319.2m

Prepaid Expenses

2.9m

Inventories

331.8m352.9m378.3m
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

102.0m64.0m86.8m

Depreciation and Amortization

9.0m189.6m194.6m

Inventories

16.0m(34.0m)

Accounts Payable

(4.9m)34.5m
Half Year
EURH1, 2019H1, 2020H1, 2021

Net Income

26.3m72.6m117.3m

Depreciation and Amortization

94.0m97.1m95.1m

Inventories

60.4m24.8m25.7m

Accounts Payable

(13.6m)(15.8m)61.2m
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Picanol Group Operating Metrics

FY, 2019FY, 2020FY, 2021

Countries

100100100

Production Plants (Agro)

151518

Production Plants (Machines & Technologies)

333

Terminals (Agro)

120110110
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Picanol Group Acquisitions / Subsidiaries

Company NameDateDeal Size
NAES Belgium bvbaJune 30, 2019
TPower nvOctober 02, 2018€131.1 m
Akiolis Group SAS
Atemax France SAS
BT Nyloplast B.V.
BT Nyloplast GmbH
BT Nyloplast Kft
Burcklé SAS
DYKA B.V.
DYKA Plastic Pipe Systems S.R.L.
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Picanol Group Revenue Breakdown

Embed Graph

Picanol Group revenue breakdown by business segment: 20.6% from MACHINES & TECHNOLOGIES, 26.6% from AGRO, 26.3% from BIO-VALORIZATION, 23.3% from INDUSTRIAL SOLUTIONS and 3.2% from Other

Picanol Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Picanol Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Picanol Group Online and Social Media Presence

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Picanol Group News and Updates

Consolidated results 2021

Recovery of global machinery market generates strong results in 2021. Strong Tessenderlo Group results in line with expectations.

Picanol Group to build new head office in Ieper

Picanol Group (Euronext: PIC) today announced the construction of a new head office in its hometown of Ieper (Belgium).

Picanol Group: upward revision of 2021 outlook as a result of impact of Tessenderlo Group’s Agro segment

Picanol Group (Euronext: PIC) anticipates the Adjusted EBITDA for 2021 to be approximately 15% higher than the 2020 Adjusted EBITDA (361.7 million EUR). The previous outlook projected the 2021 Adjusted EBITDA to be approximately 10% higher than the 2020 Adjusted EBITDA.

Picanol Group Frequently Asked Questions

  • When was Picanol Group founded?

    Picanol Group was founded in 1936.

  • Who are Picanol Group key executives?

    Picanol Group's key executives are Luc Tack, Stefaan Haspeslagh and Chantal De Vrieze.

  • How many employees does Picanol Group have?

    Picanol Group has 7,000 employees.

  • What is Picanol Group revenue?

    Latest Picanol Group annual revenue is €2.2 b.

  • What is Picanol Group revenue per employee?

    Latest Picanol Group revenue per employee is €312.6 k.

  • Who are Picanol Group competitors?

    Competitors of Picanol Group include Kiefel, Rieter and Karl Mayer Textilmaschinenfabrik.

  • Where is Picanol Group headquarters?

    Picanol Group headquarters is located at 15 Steverlyncklaan, Ieper.

  • Where are Picanol Group offices?

    Picanol Group has an office in Ieper.

  • How many offices does Picanol Group have?

    Picanol Group has 1 office.