The Van Leeuwen Pipe and Tube Group ended 2022 with record revenue and net profit figures. The global markets and the global economy were affected by the exceptional geopolitical situation, significantly increasing energy prices and inflation. Globally, material prices increased sharply due to supply chain disruptions. Tonnages sold were less than in the previous year. This decrease in volume was, however, paired with higher price levels, as a result of which revenue increased significantly.
The strong growth in profit provided an opportunity to significantly invest in the company, for example in logistics and storage systems, specialized processing systems and in the modernization and expansion of warehouses and offices. Van Leeuwen also invested in the expansion and optimization of its product portfolio and stocks. Significant attention was focused on developing employees and teams. This made the considerably expanded Van Leeuwen network more competitive on the market.
Total revenue of the Van Leeuwen Pipe and Tube Group amounted to € 1,672 million in 2022 (2021: € 1,431 million). The operating result amounted to € 104 million (2021: € 79 million) and the net result was € 88 million (2021: € 64 million). Solvency improved to 42.9% (2021: 40.7%).
After 2021, a year in which supply chain disruptions caused unprecedented price increases, we originally expected stabilization and greater calm in the market for 2022.
De ontwikkelingen in de wereldwijde markten, economie en politiek zorgden ervoor dat de vraag in 2022 lager was dan het voorgaande jaar.
The consolidated net revenues of the Van Leeuwen Pipe and Tube Group were € 1,672 million, an increase of 17% over the previous year (2021: € 1,431 million).
Optimal logistics and operations are essential for us to be able to realize our promises to our customers. Our logistics activities can be grouped into three main functions.
As the number one pipe and tube distributor and specialist in the world it is our aim to focus on creating better value for our customers with our strategic agenda "Van Leeuwen 4.0".
In the first quarter of 2023, it is difficult to predict how the year will develop. Market developments are uncertain due to increasing inflation and high energy price.
