Press releases

Recovery of global machinery market generates strong results in 2021. Strong Tessenderlo Group results in line with expectations.

Picanol Group (Euronext: PIC) today announced the construction of a new head office in its hometown of Ieper (Belgium).

Picanol Group (Euronext: PIC) anticipates the Adjusted EBITDA for 2021 to be approximately 15% higher than the 2020 Adjusted EBITDA (361.7 million EUR). The previous outlook projected the 2021 Adjusted EBITDA to be approximately 10% higher than the 2020 Adjusted EBITDA.

Picanol Group (Euronext: PIC) discloses information required under article 15, §1 of the Law of May 2, 2007, regarding the disclosure of important shareholdings in listed companies. Status as of October 1, 2021: Total outstanding capital: 21,720,000 EUR Total number of outstanding ordinary shares: 17,700,000 Total number of voting rights (the...

Strong recovery of global machinery market generates increased revenue in HY21, Tessenderlo Group in line with expectations.

In reference to the press release issued by Rieter Holding AG (SWX: RIEN) on Monday, August 16, 2021, Picanol Group (Picanol nv) would like to respond as follows:

Picanol Group: 2020 results in line with expectations, thanks to an improved second half year in the global machinery market and the expected performance of Tessenderlo Group

The strong performance of the various Tessenderlo Group segments outweighs the negative impact of COVID-19 on the global machine market