<p>Zwijndrecht the Netherlands headquartered Van Leeuwen Pipe & Tube Group achieved excellent sales and net profit figures in 2021. The result was positively influenced by an improving market demand and higher material prices. Disruptions in the global supply chain led to material shortages during the year. With its strong international stock position and sourcing network, Van Leeuwen was however able to continue to supply customers with materials. Van Leeuwen’s total sales amounted to EUR 1,431 million in 2021 (2020: EUR 1,178 million). The operating result was EUR 79 million (2020: EUR 15 million) and the net result amounted to EUR 64 million (2020: EUR 9.4 million).</p><p>Van Leeuwen Pipe & Tube said “At the beginning of 2021, economic conditions were more favorable than expected. The recovering economy led to major supply line disruptions and material shortages worldwide. Prices and delivery times at suppliers increased rapidly. After the summer, shortages became smaller and there was even a limited price decrease for welded pipes. Due to the very rapidly increasing energy prices, prices however increased again, especially for seamless pipes. With its strong international stock position and worldwide sourcing network, Van Leeuwen was able to respond effectively to these developments. In the Industry segment, market demand in Europe was good, especially in the automotive, mechanical engineering, civil engineering and construction segments. Sales grew significantly throughout Europe, particularly at Van Leeuwen companies in Northern Europe, Central Europe and Switzerland. Despite the globally less favorable market situation in the Energy segment, the Paris office supplied, among other projects, to a large pipeline project in North Africa.”</p><p>It added “The outlook for 2022 is positive, although some factors remain uncertain. In financial terms, the consequences of the invasion of Ukraine by Russia will be relatively limited for Van Leeuwen, given the small size of the activities. It is however unclear what the longer-term effect will be with regard to the availability of materials and overall development of the economy.”</p><p>The Van Leeuwen Pipe and Tube Group is an international distribution company specializing in steel pipes, and pipe and tube applications. The family-owned company, with its head office in Zwijndrecht, the Netherlands, was founded in 1924 and is active in virtually all industrial sectors. The Group has 75 branches spread across 33 countries throughout Europe, the Middle East, Asia, Australia, and North America. Van Leeuwen’s 2,400 employees have specialist knowledge of sourcing, processing, project management, logistics and stock planning and work closely together with customers in its markets.</p>
<p>Zwijndrecht the Netherlands headquartered Van Leeuwen Pipe & Tube Group achieved excellent sales and net profit figures in 2021. The result was positively influenced by an improving market demand and higher material prices. Disruptions in the global supply chain led to material shortages during the year. With its strong international stock position and sourcing network, Van Leeuwen was however able to continue to supply customers with materials. Van Leeuwen’s total sales amounted to EUR 1,431 million in 2021 (2020: EUR 1,178 million). The operating result was EUR 79 million (2020: EUR 15 million) and the net result amounted to EUR 64 million (2020: EUR 9.4 million).</p><p>Van Leeuwen Pipe & Tube said “At the beginning of 2021, economic conditions were more favorable than expected. The recovering economy led to major supply line disruptions and material shortages worldwide. Prices and delivery times at suppliers increased rapidly. After the summer, shortages became smaller and there was even a limited price decrease for welded pipes. Due to the very rapidly increasing energy prices, prices however increased again, especially for seamless pipes. With its strong international stock position and worldwide sourcing network, Van Leeuwen was able to respond effectively to these developments. In the Industry segment, market demand in Europe was good, especially in the automotive, mechanical engineering, civil engineering and construction segments. Sales grew significantly throughout Europe, particularly at Van Leeuwen companies in Northern Europe, Central Europe and Switzerland. Despite the globally less favorable market situation in the Energy segment, the Paris office supplied, among other projects, to a large pipeline project in North Africa.”</p><p>It added “The outlook for 2022 is positive, although some factors remain uncertain. In financial terms, the consequences of the invasion of Ukraine by Russia will be relatively limited for Van Leeuwen, given the small size of the activities. It is however unclear what the longer-term effect will be with regard to the availability of materials and overall development of the economy.”</p><p>The Van Leeuwen Pipe and Tube Group is an international distribution company specializing in steel pipes, and pipe and tube applications. The family-owned company, with its head office in Zwijndrecht, the Netherlands, was founded in 1924 and is active in virtually all industrial sectors. The Group has 75 branches spread across 33 countries throughout Europe, the Middle East, Asia, Australia, and North America. Van Leeuwen’s 2,400 employees have specialist knowledge of sourcing, processing, project management, logistics and stock planning and work closely together with customers in its markets.</p>
