Kendrion N.V. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 04, 2021 at 12:03 am EDT
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Kendrion N.V. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was EUR 115.3 million compared to EUR 109.7 million a year ago. Net income was EUR 5.9 million compared to EUR 3 million a year ago. Basic earnings per share from continuing operations was EUR 0.4 compared to EUR 0.2 a year ago.
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. 
