Tuesday, March 14, 2017

Tessenderlo annual report 2016


Front page of the Tessenderlo 2016 annual report


For the report in full please click here and to see my previous summary then please visit Tessenderlo annual report 2016 and to find out more concerning Tessenderlo then please go to analysis of Tessenderlo 2016.

In the financial statement below we see that the revenue was pretty much flat but the restructuring and cost cutting seems to start to have an impact on the result. We therefore ended up with almost 20% more in earnings which is good, good news!


Financial statement for Tessenderlo 2016


Conclusion: Tessenderlo still have along way to go before they start to make some serious money again but the from my point of view that period is getting closer and closer. I will remain as a shareholder in Tessenderlo.

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