#Netherlands #Energy Projects #Royal Van Leeuwen #Market Success #Zwijndrecht

Royal Van Leeuwen's Remarkable 2024 Performance

In a year marked by less favorable market conditions, Royal Van Leeuwen proudly announced a positive performance for 2024. This year was particularly special as it also marked the company's centenary, a milestone celebrated with great pride. Beyond just an anniversary, this year saw the company earn a prestigious royal designation, highlighting its significant place in the industry.

Financial Highlights

Despite 2024 presenting various market challenges, Royal Van Leeuwen's total revenue reached €1.335 billion, a decrease from the previous year’s €1.621 billion. The operating profit was reported at €22 million compared to €60 million in 2023, and the net profit also saw a decline to €14 million from €43 million in the prior year. Notably, the company's solvency improved to 49.8%, up from 46.8% in 2023, showcasing effective financial management.

The European industrial market saw a decline in demand throughout the year, leading to reduced prices and margins. Lower sales volumes, particularly from European stock, were noted. However, strong performance in the energy sector helped maintain substantial revenue levels, facilitated by several large projects across Europe and Asia.

Strategic Investments and Innovations

In 2024, Royal Van Leeuwen made several significant investments aimed at increasing storage capacity and productivity. They proudly launched the Monorail system in Zwijndrecht, the largest pipe sorting center globally at 315 meters long. Furthermore, they inaugurated the World Tube Center (WTC) in the same location, an interactive exhibition center designed to showcase Van Leeuwen's world to clients and stakeholders.

Additionally, Royal Van Leeuwen has committed to various green initiatives. These include installing solar panels on their facility rooftops and increasing their inventory of piping materials that have a lower carbon footprint. The introduction of their own green brand, Van Leeuwen Impact, is also a notable stride toward sustainability.

Leadership Changes and Future Direction

April 9, 2025, marked a transition in leadership as Peter Rietberg stepped down from his role as chairman of the board but will remain associated with the company as a shareholder. Joop Sassen, who has been part of Royal Van Leeuwen since 1992 and has served as a board member and CEO since 2007, will take over as chairman. Alongside him, Hans Weerstra and Vincent Geerts have been appointed as board members.

Rietberg expressed confidence in the company's robust network and extensive product portfolio, emphasizing the exceptional talent and dedication of the global team. He stated, “Van Leeuwen is a strong, royal company with a promising future, and I entrust it confidently to the new board.”

A Glorious Legacy

Royal Van Leeuwen has been a family-owned company since its founding in 1924, rapidly establishing itself as a leader in steel tube distribution and applications across nearly all industrial sectors. With 70 branches spread over 32 countries in Europe, the Middle East, Asia, Australia, and North America, its 2,250 employees possess specialized knowledge in procurement, processing, project management, and logistics.

This combination of global logistics and product expertise positions Royal Van Leeuwen as a market leader in its field. The Annual Book for 2024 is available for review, detailing the company’s achievements and future strategies. For further insights, visit their website at Royal Van Leeuwen.