Metals and Mining
Company Overview of Franz Haniel & Cie. GMBH
Franz Haniel & Cie. GmbH operates as an investment holding company in Germany and internationally. The company operates through four divisions: CWS-boco, ELG, TAKKT, and Metro Group. The CWS-boco division offers washroom hygiene products, including soap dispensers, self-cleaning toilet seats, and towel rolls; and dust control mats. This division also provides textile services, such as rental service for working wear for various industries; and machine-cleaning cloths and oil-absorbing mats. The ELG division processes, trades, and recycles primary and secondary raw materials for the stainless steel industry. It offers products, including stainless steel scrap and superalloys. The TAKKT divisi...
Founded in 1756
Key Executives for Franz Haniel & Cie. GMBH
Chairman of Managing Board and Chief Human Resources Officer
Chief Financial Officer and Member of Managing Board
Chairman of the Managing Board-ELG
Chairman of the Managing Board-Takkt Division
Managing Director and Member of Supervisory Board
Compensation as of Fiscal Year 2015.
Franz Haniel & Cie. GMBH Key Developments
Franz Haniel & Cie. GMBH Reports Consolidated Earnings Results for the Half Year Ended June 2015; Provides Earnings Guidance for the Year 2015
Aug 31 15
Franz Haniel & Cie. GmbH reported consolidated earnings results for the half year ended June 2015. For the period, the company reported revenue of EUR 1,982 million against EUR 2,022 million a year ago. Total operating income was EUR 694 million against EUR 672 million a year ago. Operating profit was EUR 109 million against EUR 116 million a year ago. Profit before taxes was EUR 13 million against loss of EUR 120 million a year ago. Loss after taxes from continuing operations was EUR 21 million against EUR 152 million a year ago. Loss after taxes of which attributable to shareholders of the company was EUR 42 million against profit of EUR 537 million a year ago. Cash flow from operating activities was EUR 243 million against outflow of EUR 305 million a year ago. Payments for investments in property, plant and equipment, intangible assets and other assets was EUR 443 million against EUR 1,283 million a year ago.
The company’s Management Board is lowering its outlook for revenue and operating profit in the current 2015 financial year due to a weaker outlook for ELG. The contributions to revenue and operating profit from the new division, Bekaert Textiles, will not be able to absorb this decrease. Adjusted for business combinations and disposals as well as currency translation effects, the Group revenue will therefore be approximately 10% lower than in 2014. The Group's operating profit will also be down year on year due to ELG's performance. Nevertheless, the Management Board continues to expect a sharply higher profit before taxes in 2015, resulting in particular from a large improvement in net financial income. The Management Board also continues to stand by its forecast for profit after taxes.
Franz Haniel & Cie. GMBH to Report First Half, 2015 Results on Aug 31, 2015
May 18 15
Franz Haniel & Cie. GMBH announced that they will report first half, 2015 results on Aug 31, 2015
Franz Haniel & Cie. GMBH Announces Group Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Apr 13 15
Franz Haniel & Cie. GMBH announced group earnings results for the year ended December 31, 2014. For the year, the company posted a significant increase in revenue, rising 10% to EUR 3,944 million. Adjusted for business combinations and disposals as well as currency translation effects, the Group increased revenue by 8%. This was attributable to the encouraging revenue trend at the ELG division, which was able to significantly increase its output tonnage in 2014 due to increased demand for stainless steel products and superalloys. Operating profit increased by 31% from EUR 166 million to EUR 217 million. This was attributable in particular to ELG's considerable gains, but also to the positive business development at TAKKT. Despite significantly higher operating profit, profit before taxes declined from EUR 117 million in the previous year to EUR 31 million. This was due to the fact that the high operating profit offset decreases in the investment result and the result from financing activities.
For the 2015 financial year, the group expects that its profit before taxes will increase significantly. Moreover, it expects the group to generate revenue growth, adjusted for currency translation effects, in the single-digit percentage range.
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