The revenue of the N.V. Nederlandsche Apparatenfabriek “Nedap” for the year 2011, at $ 243 million, were 14 percent up on 2010 ($213million). Revenue from in-house brand products grew by no less than 20 percent (2010: 17 percent). Nearly all market groups contributed to this organic growth. The profit after taxes was up by 25 percent from $ 14 in 2010 to $ 18 million in 2011. As a percentage, the ...
The revenue of the N.V. Nederlandsche Apparatenfabriek “Nedap” for the year 2011, at $ 243 million, were 14 percent up on 2010 ($213million). Revenue from in-house brand products grew by no less than 20 percent (2010: 17 percent). Nearly all market groups contributed to this organic growth. The profit after taxes was up by 25 percent from $ 14 in 2010 to $ 18 million in 2011. As a percentage, the profit amounted to 7.2 percent of revenue in 2011 (2010: 6.6 percent). The earnings per share finished at $2.61 compared to $ 2.07 in 2010. Of the profit, 75 percent will be distributed as dividends. The dividend per share will therefore be $ 1.96 (2010: $ 1.56).
The growth in revenue came from virtually all market groups, namely Agri, AVI, Healthcare, Power Supplies, Retail, and Security Management. As expected, only the revenue from the Library Solutions group remained flat. The growth in revenue is even more robust if the phasing out of the traditional supplier activities of the Specials market group, which was set in motion in 2009, is taken into account. A few years ago these supplier activities, amongst others to the telecom and automotive sectors, were still good for approximately 20 percent of the total revenue. During 2011, these activities had been reduced to less than 6 percent of revenue, and for 2012 this will go down to almost zero. The revenue from services (subscriptions and maintenance contracts) rose further in the year under review to $ 25 million (2010: $ 20 million). This was 10.1 percent of total revenue (2010: 9.6 percent).