Holland Colours Results 2024/2025
RESTORING GROWTH
Uncertainties around the global economy and world politics continued to increase over the past financial year. In part due to these unfavorable circumstances, the Building & Construction market in Europe and North America declined slightly versus the previous year. Global Packaging markets and Coatings & Sealants in Europe were relatively stable. Despite the adverse trends, we managed to grow our business in line with our goals and continued to strengthen our organization.
Holland Colours can report the following results for the 2024/2025 financial year:
- 8.7% revenue increase on the previous financial year;
- Operating result of € 7.9 million versus € 7.0 million in the previous year;
- Net result of € 5.9 million versus € 5.2 million in the previous year, while net earnings per share came in at € 6.85 versus € 6.02 the previous year;
- Final dividend proposed of € 5.9 million (€ 6.85 per share).
Revenue for the 2024/2025 financial year was € 112.3 million, an increase of 8.7% on the previous year (€ 103.3 million), primarily driven by volume increases.
Revenue in the EMEIA division (Europe, Middle East, India and Africa) increased versus the previous year. The most important factor driving this revenue increase was the execution of our strategic growth plan, which continues to gain momentum as we move forward. Additionally, we benefited from volume growth in the Building & Construction market in the Middle East.
Our Asia division saw a decrease in revenues compared to the previous year. The Chinese market, where our business is predominantly focused on selling colorants for UHT dairy bottles, experienced a further decline in sales versus the previous year. This was due to changing packaging concepts. We also saw lower volumes in the domestic Indonesian market. However, our business in other Southeast Asian countries experienced an increase in revenues compared to the previous year.
The Americas division saw revenues increase compared with the previous year. Even though the North American housing market did not improve versus 2023/2024, we secured several strategic business projects in Building & Construction that increased volumes. Packaging also contributed to the overall growth in revenue.
The net margin for the Group was € 55.6 million, an increase of € 6.8 million on the year before. The margin as a percentage of revenue ended higher, at 49.5% versus 47.2% in the previous year. This increase was mainly due to continuous effective margin management across all regions.
Operating expenses were € 47.6 million, € 6.0 million (14.2%) higher than the previous year. This increase was in line with our strategic road map and included higher costs related to sales, technology, marketing and IT.
The net result was € 5.9 million (€ 6.85 per share) versus € 5.2 million in the previous year (€ 6.02 per share).
Net cash flow came in at € 2.0 million positive in 2024/2025, versus € 2.8 million positive in the previous year. This stemmed from, among other reasons, operating activities of € 7.3 million, a cash outflow from investment of € 2.1 million, a dividend payout of € 2.6 million and a cash outflow from other financial activities of € 0.6 million.
As policy, Holland Colours aims to distribute at least 50% of its net profit as dividend, provided that the solvency ratio continues to be at least 40% after distribution. In recognition of the trust and support of our shareholders, we propose to distribute a final dividend of € 6.85 per share, which represents 100% of the net profit in 2024/2025.
Apeldoorn, May 28, 2025
Board of Management
Coen Vinke (CEO)
Martijn Klomp (CFO)
Eelco van Hamersveld (CTO)
Read the complete press release
Go to Annual Report 2024/2025
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