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picanol (PIC) Details

Picanol NV, together with its subsidiaries, develops, manufactures, and sells weaving machines, cast iron parts, and controllers in Belgium and internationally. The company operates through two divisions, Weaving Machines and Industries. The Weaving Machines division offers high-tech weaving machines that are based on airjet or rapier technology to weaving mills; and weaving frames and reeds, training services, upgrade kits, and spare parts. It provides weaving machines through its branches, as well as through a network of agents. The Industries division offers cast iron parts to original equipment manufacturers in various market segments, such as agricultural machinery, earthmoving equipment, compressors, textile machinery, and general engineering; and custom-made controllers for textile machinery, compressors, HVAC, and fleet management sectors. It also provides a range of materials, such as titanium, inconel, cobalt-chromium, tool steel, aluminum, and others, as well as related support services, including reverse engineering and modeling, laser scanning, 3D optical measurement, and thermodynamic analysis. The company was founded in 1936 and is headquartered in Ypres, Belgium. Picanol NV is a subsidiary of Artela nv.

2,329 Employees
Last Reported Date: 03/15/19
Founded in 1936

picanol (PIC) Top Compensated Officers

MD & Executive Director
Total Annual Compensation: €175.0K
Compensation as of Fiscal Year 2018.
Picanol Nv Reports Earnings Results for the Full Year Ended December 31, 2018

Picanol NV announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was EUR 666.710 million compared to EUR 688.928 million a year ago. Operating income was EUR 102.017 million compared to EUR 120.771 million a year ago. Net income was EUR 110.923 million compared to EUR 101.714 million a year ago.

Picanol NV To Be Deleted From Other OTC

Picanol NV's Common Shares (Belgium) will be deleted from Other OTC effective January 16, 2019. The deletion is due to Inactive Security.

Picanol NV to Report Fiscal Year 2018 Results on Mar 14, 2019

Picanol NV announced that they will report fiscal year 2018 results at 12:30 PM, Central European Standard Time on Mar 14, 2019


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Price/Earnings 10.3x
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TEV/Sales 1.4x

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