Tessenderlo Group NV
OTC:TSDOF
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Tessenderlo Group NV
Tessenderlo Group NV is an entity that intricately weaves together the threads of specialty chemicals, food, agriculture, and industrial solutions. Founded in 1919, the company has steadily evolved, shifting its focus over the decades to address contemporary global demands sustainably. Its diverse business segments include Agro, Bio-valorization, Industrial Solutions, and T-Power. Within the Agro segment, Tessenderlo leverages its expertise to provide specialty fertilizers, crafted to enhance crop yield and quality, supporting global food production. Meanwhile, the Bio-valorization segment ingeniously transforms animal by-products into valuable resources for various industries, showcasing a commitment to sustainability by minimizing waste through innovative processes.
Financially, these segments are meticulously engineered to generate robust revenue streams. The Agro segment thrives on the continued demand for efficient fertilizers driven by rising agricultural needs, while Bio-valorization capitalizes on the cyclical demand for value-added products in pharmaceuticals and gelatin. The T-Power division contributes a stable cash flow through its production of electricity, adding stability to the group's financial performance. This diversification not only cushions Tessenderlo against market volatility but also positions it uniquely by intertwining sustainability with profitability. As it continues to adapt and integrate strategic innovations, the company remains a testament to how industrial heritage can meet modern sustainability demands, ensuring a robust position in the niche markets it serves.
Tessenderlo Group NV is an entity that intricately weaves together the threads of specialty chemicals, food, agriculture, and industrial solutions. Founded in 1919, the company has steadily evolved, shifting its focus over the decades to address contemporary global demands sustainably. Its diverse business segments include Agro, Bio-valorization, Industrial Solutions, and T-Power. Within the Agro segment, Tessenderlo leverages its expertise to provide specialty fertilizers, crafted to enhance crop yield and quality, supporting global food production. Meanwhile, the Bio-valorization segment ingeniously transforms animal by-products into valuable resources for various industries, showcasing a commitment to sustainability by minimizing waste through innovative processes.
Financially, these segments are meticulously engineered to generate robust revenue streams. The Agro segment thrives on the continued demand for efficient fertilizers driven by rising agricultural needs, while Bio-valorization capitalizes on the cyclical demand for value-added products in pharmaceuticals and gelatin. The T-Power division contributes a stable cash flow through its production of electricity, adding stability to the group's financial performance. This diversification not only cushions Tessenderlo against market volatility but also positions it uniquely by intertwining sustainability with profitability. As it continues to adapt and integrate strategic innovations, the company remains a testament to how industrial heritage can meet modern sustainability demands, ensuring a robust position in the niche markets it serves.
Revenue Growth: Tessenderlo Group reported H1 2025 revenue close to EUR 1.5 billion, up 7.1% year-on-year, driven by strong performance in the Agro and Machines & Technologies segments.
Profitability: EBITDA grew 8.4% to EUR 163 million, while adjusted EBIT was just under EUR 60 million. However, the group reported a loss of EUR 9 million, mainly due to a EUR 52 million noncash FX loss.
Segment Highlights: Agro saw a 13.6% revenue rise and strong EBITDA. Machines & Technologies segment delivered a significant EBITDA jump of nearly 163% to EUR 33 million.
Restructuring & Acquisitions: Restructuring at PB Leiner is progressing, and the group acquired Osterwalder AG, expanding its technology base.
Guidance & Outlook: 2025 full-year EBITDA is expected between EUR 265 million and EUR 318 million, but management emphasized caution due to global economic and geopolitical uncertainties.
Strategic Moves: Tessenderlo and Darling Ingredients plan to combine collagen and gelatin units in a JV called Nextida, expected to close in 2026, pending regulatory approvals.
Shareholder Returns: Continued share buybacks and dividends, with EUR 12 million spent on buybacks and EUR 45 million on dividends in H1.
