CEO Joep van Beurden: "The business climate in 2021 was tough, but for different reasons than in 2020 when the COVID pandemic first struck. In short, we moved from a crisis of demand to a crisis of supply. Shortages in many of our raw materials such as semiconductors, steel, certain plastics and even labor put serious pressure on our customers, our production flexibility, and our people."
Nevertheless, we can close the year with positive results thanks to the hard work of our entire global team. We look forward with confidence as a financially sound and innovative actuator company with a keen focus on
actuators that help enable the global energy transition.
Fostering the broad energy transition
As a global actuator company, all our Business Groups focus on delivering smart actuator products that support the broad energy transition away from oil, natural gas, and coal, towards cleaner forms of energy. Pursuing a leading role in this global transition provides us with a strong proposition today and for the future.
Our industrial brakes are used in applications such as robotics, wind power, intra-logistics solutions (such as AGVs and electric forklift trucks), and more. For instance, our Industrial Actuators and Controls (IAC) Business Group produces modular, electrified induction heating systems that aim to deliver similar benefits on an industrial scale to those you see in home appliances. In Automotive, our smart actuators for ACES (Autonomous, Connected, Electric and Shared) vehicles help enable electrified and autonomous driving.
Impressive results despite unpredictability
In this business environment we delivered good results. I am proud of what we have achieved as a team in these extraordinary and unpredictable circumstances. As a Group, we increased our revenue by 17% to EUR 464 million compared to 2020. Our normalized net profit before amortization increased by 76% to EUR 20.6 million.
Read the complete CEO statement in the Annual Report.
Annual Integrated Report
Annual Integrated Report (online pdf)
Annual Integrated Report (download PDF)
Attachments
Original Link
Original Document
Permalink
Disclaimer
Kendrion NV published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 19:28:05 UTC.
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%).
KENDRION N.V. 
