Van Aalst investor report 2019 / Q1 2020
Dordrecht, June 23, 2020 - The management of Van Aalst Group BV looks back with satisfaction on a successful 2019. Turnover and net profit increased significantly in the reporting year and the fleet of motion-compensated catwalks grew from 3 to 6 units, partly made possible by the new bondholders who used the NPEX platform. Turnover grew from 13 million to 20 million, a growth rate of more than 50% and we are proud of that. A significant portion of this growth was driven by the growing stream of rental income from the Safeway walkways.
The occupancy rate of our rental fleet was 79% in 2019, well above our target of 60% and that gives us confidence in our business model. This high occupancy rate also increased the gross margin from 28,1% in 2018 to 43.7% in 2019, laying the foundation for a good net profit and significant growth in EBITDA. Partly as a result, the loss-making position of 2018 turned into a profit of 1,1 million in 2019.
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