Metals and Mining
Company Overview of Franz Haniel & Cie. GMBH
Franz Haniel & Cie. GmbH, through its subsidiaries, is engaged in trading and services businesses in France, Germany, the United Kingdom, Norway, the United States, the Netherlands, and internationally. The company’s CWS-Boco division offers washroom hygiene products, including soap dispensers, self-cleaning toilet seats, and towel rolls; and dust control mats. Its textile services comprise a rental service for working wear for various industries, such as table linen, bed linen, and guest towels to the catering and hotel trade; and machine-cleaning cloths and oil-absorbing mats. Franz Haniel & Cie. GmbH’s ELG division is involved in trading and processing of raw materials for the stainless s...
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 2014.
Franz Haniel & Cie. GMBH Key Developments
Franz Haniel Eyes Acquisitions
Oct 17 14
Franz Haniel & Cie. GMBH is looking for acquisition opportunities. Franz Haniel is on the lookout for suitable acquisition targets, Stephan Gemkow, Chief Executive Officer of Franz Haniel, told local business daily Handelsblatt. Franz Haniel wants to buy into four to six small and medium-size enterprises (SMEs) active in established markets and thus expand its portfolio to ten companies. Furthermore, the targets should be from sectors that are less sensitive to economic downturns, Gemkow said. Thus, start-ups are not an option. Franz Haniel has €1 billion in cash to finance potential acquisitions, Stephan Gemkow, quoted.
Franz Haniel Seeks Acquisitions
Aug 29 14
Franz Haniel & Cie. GMBH is seeking acquisitions. Franz Haniel & Cie GmbH will seek to acquire businesses to add them to its divisions, Franz Haniel unveiled.
Haniel Group Reports Financial Results for the First Half Year Ended June 30, 2014; Provides Financial Guidance for Fiscal 2014
Aug 29 14
Haniel Group reported financial results for the first half year ended June 30, 2014. For the first half of 2014, the Haniel Group's revenue increased by 7% to EUR 2.02 billion against EUR 2.02 billion for the same period of last year. The ELG division in particular contributed to this positive development, with its stainless steel scrap output tonnage increasing by 15%. TAKKT also benefited from an increase in demand, particularly in the USA. Die to growth in its service business, CWS-boco generated a slight increase in revenue. The Haniel Group lifted its operating profit to EUR 116 million in the first half of 2014 against EUR 90 million for the same period of last year. This represents an increase of nearly 30% over the first half of 2013. This development was attributable in particular to the solid performance of ELG and TAKKT; CWS-boco again realised savings in operating costs due to the modernisation of its laundry network and supply chain. The Holding Company also realised improvements in its earnings. The Haniel Group's profit after taxes increased overall in the first half of 2014, from EUR 84 million to EUR 564 million; this increase was attributable to the sale of Celesio. Loss sbefore taxes was EUR 120 million against profit of EUR 7 million for the same period of last year. Cash flow was EUR 64 million against EUR 319 million for the same period of last year.
Despite the economic slowdown, Haniel anticipates its business development to be relatively positive in the second half of 2014 and is lifting its revenue and operating profit outlook for 2014 on the basis of the positive performance of the divisions particularly that of ELG. The company confident that it will be able to close financial year 2014 with revenue growth in the low double-digit percentage range and significantly higher operating profit and profit after taxes.
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