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Eriks Holding News



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 Monday December 17 2001
Eriks Group: sale of Aircool
Reference is made to our press release of 21 September 2001 in which we informed you of the agreement in principal that had been reached to sell all shares of Aircool bv. The sale of Aircool bv has now been finalized. Today all shares have been sold to Elsmark Holding A/S, Nordborg, Denmark, part of the Danfoss group.

Thursday November 22 2001
President and CEO of Eriks Group
Mr. A.W.L.M. Goud, President and CEO of ERIKS group nv, has decided in good consultation with the Supervisory Board to resign from his position due to differences in culture. Mr. Goud will be focusing on something else in future. Mr. H. Kreuger (58) has been appointed President and CEO of ERIKS group nv as of on Thursday. Mr. Kreuger is already for many years in the employ of the ERIKS group and since 1 July 1998 member of the Executive Board of ERIKS group nv.

Thursday November 15 2001
Eriks: expectations for the year 2001
The results for the 9 months 2001 are in line with our previously pronounced expectations that results from ordinary activities before amortization of goodwill will increase by 15 to 20% compared to the year 2000. The report of 30 August 2001 they already indicated that growth in sales stagnates due to lower industrial activities.

Friday September 21 2001
Agreement in principle for the sale of Aircool
ERIKS group nv has reached an agreement in principle to sell all shares of Aircool bv, Ridderkerk, the Netherlands to Elsmark Holding A/S, Nordborg, Denmark, part of the Danfoss group, Denmark as of 1 July 2001. Aircool bv is a trading company in the field of components and units `refrigeration and climate control'.

Thursday August 30 2001
Net result H1 2001 Eriks Group EUR 10.4 mln
The operating result amounted to EUR 12.8 mln, an increase of EUR 3.6 mln or 39% compared to the first half year 2000. In percentage of sales, the operating result increased from 6.3% in the first half year 2000 to 7.1% in 2001. This increase is mainly due to improved productivity. The management of all operating companies gives primary importance to increasing efficiency and effectiveness.

Thursday May 17 2001
Net result Eriks Group Q1 2001 EUR 6.4 mln
Autonomous growth amounted to 6.3%. All regions, with the exception of North America, contributed to this growth. North America showed a marked decrease of industrial industry. Operating result amounted to EUR 6.1 mln, an increase of EUR 2.0 mln or 47% compared to the first quarter 2000. As a percentage of sales, the operating result increased to 7.0%.

Monday February 26 2001
Eriks has reached an agreement to acquire Bruhamij BV as of 01/03/01
Eriks group nv has reached an agreement to acquire all shares of Bruhamij Kunststoffen bv in Ede, the Netherlands as of 1 March 2001. The activities of Bruhamij comprise the marketing and sale of industrial plastics (semi- finished and finished product) to the industrial end user market. With 50 employees, sales of EUR 9.5 mln is achieved.

Thursday February 22 2001
Financial results 2000 Eriks Group
The year 2000 was a successful year for ERIKS group nv. While 1999 was closed with a strong drop in results and had to be described as `transitional' year, the year 2000 is the year in which ERIKS resumed its profitable course. A cash dividend of EUR 1.75 per share of EUR 1.= will be proposed at the annual general meeting of shareholders on 17 May 2001, payable on 28 May 2001.

Monday February 19 2001
Eriks: who buys whom?
Austrian manufacturer of sinks and bubble baths Hild is reported to have taken a 20% stake in Eriks, a Dutch technical wholesaler. Eriks generated a turnover of EUR 281 mln in 1999. Hild is much smaller and its performances have been disappointing in the past few years. Its turnover has been under pressure for years.

Tuesday January 30 2001
Eriks resumes search for strong partner
Eriks, the Dutch supplier of technical components and systems, has resumed its search for a strong partner. The company announced yesterday that it was in talks with unnamed parties. Chairman Jan van Dijk, who is due to leave the company, said that it will be the job of his successor to make a decision about the future of the company.

Friday November 17 2000
Results of Q3 2000 for Eriks Holding
Also at the request of the General Stockholders' Meeting, ERIKS will start publishing quarterly financial results as of the third quarter 2000. Sales + 8.2 % Net operating profit + 74 % Result from ordinary activities after taxes + 81 % Net result + 94 %

Wednesday October 18 2000
Eriks acquires Vemoflex Group
Eriks Group announced it nv successfully realized the acquisition of the Vemoflex group. The activities of the Vemoflex group comprise the marketing and sale of mainly industrial hoses and accessories to the industrial end user market. With 100 employees the group achieves sales of well over EUR 18 mln.

Wednesday August 30 2000
Eriks Holding H1 net profit up 63%
Eriks Holding reported on Wednesday net profit for the first-half of 2000 increased 63% to EUR 6.7 mln, compared with net profit of EUR 4.1 mln the company booked in the comparible period of 1999. Turnover increased 7% from EUR 136.1 mln to EUR 145.8 mln. Operating income increased 48% from EUR 6.2 mln to EUR 9.2 mln. Earnings per share for the first-half of 2000 increased 47% to EUR 3.81, compared with earnings per share of EUR 2.59 for the first-half of 1999.

Thursday June 29 2000
Eriks acquires Belgium tube trader
Eriks announced on Thursday that it has acquired Belgium Vemoflex Groep of Mollem. Vemoflex is active in the marketing and sale of industrial hoses and accessories. The company employs about 100 people and has annual sales of some EUR 18 mln. Financial details of the transaction were not disclosed.

Friday May 19 2000
Eriks aims for strong partner
Trading company Eriks is looking for a strong partner in order to realise further growth. The company might be delisted from the Amsterdam stock exchange, Dutch daily De Telegraaf reported. Eriks is looking for a partner in the Netherlands and abroad. Eriks booked 1999 net profit of EUR 0.5 mln on turnover of EUR 281 mln.

Thursday February 24 2000
Eriks Holding net profit down EUR 10.9 mln
Eriks Holding reported on Thursday net profit for 1999 fell EUR 10.9 mln to EUR 0.5 mln, compared with net profit of EUR 11.4 mln the company booked in the comparible period of 1998. Net profit was pressured by an an extraordinary charge of EUR 7.2 mln. Turnover increased 3% from EUR 274.5 mln to EUR 281.7 mln.

Wednesday January 12 2000
Eriks 1999 net down 35%
Eriks said on Wednesday that its (provisional) 1999 result decreased 35% to about NLG 16.5 mln, which is to be used for a reorganisation. At the presentation of the first-half results the company announced the profit fall, but results are worse than expected. Turnover for 1999 is expected to increase by a few percents to NLG 665 mln.

Wednesday September 8 1999
Eriks acquires sector peer E.Schwartz
Eriks is taking over Rotterdam-based sector peer E.Schwartz for an undisclosed sum. With the acquisition, Eriks is adding NLG 27 mln to its annual turnover. Eriks said the acquisition will contribute to its earnings immediately.

Friday September 3 1999
Eriks Holding H1 net profit down 31%
Eriks Holding reported on Friday net profit for the first-half of 1999 fell 31% to NLG 9.0 mln, compared with net profit of NLG 13.0 mln the company booked in the comparible period of 1998. Turnover decreased 3% from NLG 308.4 mln to NLG 300.0 mln. Operating income fell 32% from NLG 20.1 mln to NLG 13.6 mln. Earnings per share for the first-half of 1999 dropped by 23% to NLG 5.70, compared with earnings per share of NLG 7.41 for the first-half of 1998.

Thursday July 8 1999
Eriks issues profit warning
Eriks said on Thursday that it expects net profit for the first-half of 1999 will fall behind the NLG 13 mln the company booked for the first-half of 1998. The company said that its turnover for the first-half of 1999 fell about 3%, while its operating result fell some 30-35% compared with the first-half of 1998.

Thursday March 25 1999
Eriks net profit up 7%
Technical wholesales Eriks Holding of Alkmaar reported net profit for 1998 increased with 7% to NLG 25.1 mln, compared with net profit of NLG 23.4 mln the company booked in 1997. Sales increased 10% from NLG 549.7 mln to NLG 604.9 mln. Operating income rose by 7.6% to 38.1 mln, compared with NLG 35.4 mln for the previous year.

Thursday February 25 1999
Eriks lower margins in 1998
Eriks reported slightly lower margins in 1998 due to higher training costs for logistics and information technology projects. Net profit increased 7.6% to NLG 25.1 mln on turnover up 10% at NLG 605 mln. Operating profit advanced 7.2% to NLG 38.1 mln, while earnings per share rose 8.7% to NLG 14.28. The company said with the exception of Belgium, where results were pressured by staff problems, operating profit at all operations was equal or higher than the previous year.

Friday October 2 1998
Eriks acquires Fernanc Campion of France
Eriks has taken over technical components supplier Fernand Campion of France. Fernand Campion posted 1997 sales of NLG 13 mln. Financial details of the transaction were not disclosed.

Wednesday September 2 1998
Eriks Holding H1 net profit up 7%
Eriks Holding reported on Wednesday net profit for the first-half of 1998 increased 7% to NLG 13.0 mln, compared with net profit of NLG 12.1 mln the company booked in the comparible period of 1997. Turnover increased 12% from NLG 274.6 mln to NLG 308.4 mln, partly due to acquisitions in France and the Netherlands.

Monday June 8 1998
Eriks to acquire Badoux Industrie
Eriks is to acquire Badoux Industrie of France. Badoux Industrie markets and sells components for drive systems and generates annual turnover of some NLG 13 mln with a staff of 41. Eriks expects synergy effects from its latest acquisition. Eriks said that the French company's product range, customers and suppliers fit will with those of Eriks in the Netherlands, Germany and Belgium.

Friday March 27 1998
Eriks reports net profit up 5%
In the definitive figures for 1997 Eriks reports net profit increased with 5% to NLG 23.4 mln, compared with NLG 22.3 mln the company booked for the previous year. Turnover increased with 21% from NLG 453.3 mln to NLG 549.7 mln. Operating result rose by 5% to NLG 35.4 mln from NLG 33.6 mln. Earnings per share increased with 5% to NLG 13.14 from NLG 12.52.

Wednesday February 18 1998
Eriks reports net profit 5% up
In the preliminary figures Eriks reports net profit for 1997 has increased with 5% at NLG 23.4 mln, compared with NLG 22.3 mln for 1996. Turnover rose with 21% from NLG 453.3 mln to NLG 549.7 mln. Operating result increased with 5% from NLG 33.6 mln to NLG 35.4 mln. The acquisition of German trading house Heusinger + Salmon Gruppe accounted for about two-thirds of the sales increase.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website