Tessenderlo Group N.V.

Tessenderlo Group N.V.

17.29
EUR
-0.92
(-5.05%)
1.15BMarket Cap
Mar 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
53.03
44.61
37.3
37.02
38.47
37.58
40.39
40.29
48.38
60.04
46.44
43.07
45.59
- -
Basic EPS, GAAP
-1.9
1.67
1.98
2.3
0.59
2.13
2.23
2.3
4.37
5.27
1.74
0.7
-1.34
- -
Free Cash Flow per Basic Share
0.31
0.51
1.81
0.36
2.18
0.56
2.67
4.22
3.54
2
0.65
2.48
1.23
- -
Dividend per Share
0.66
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.63
0.88
0.74
- -
Book Value per Share
6.99
10.22
12.05
14.04
14.78
17.03
19.04
20.92
26.27
32.51
30.93
31.35
28.65
28.92
Tangible Book Value per Share
4.42
8.24
9.84
12.15
13.29
11.82
14.48
17.01
22.98
29.28
25.82
26.07
25.07
25.89
Basic Weighted Avg Shares
34
32
43
43
43
43
43
43
43
43
63
61
61
59
Sales/Revenue/Turnover
1,790
1,434
1,589
1,590
1,657
1,621
1,743
1,737
2,082
2,588
2,928
2,648
2,763
- -
Operating Margin (%)
2.99
3.81
6.26
7.75
6.93
6.04
7.41
10.33
10.92
12.12
4.08
2.22
2.4
- -
Depreciation Expense
77
69
88
76
72
79
136
134
132
172
199
202
210
- -
Net Income, GAAP
-64
54
85
99
26
92
96
99
188
227
110
43
-81
- -
Effective Tax Rate (%)
- -
- -
8.08
19.38
41.14
20.89
16.22
26.12
18.45
21.58
1.72
5.58
- -
- -
Profit Margin (%)
-3.58
3.74
5.32
6.21
1.54
5.66
5.51
5.7
9.02
8.77
3.74
1.62
-2.94
- -
Working Capital
77
101
358
427
454
427
404
499
504
700
768
668
599
602
LT Debt
200
4
227
227
225
464
415
385
194
209
175
134
107
99
Total Equity
240
437
518
606
639
737
824
904
1,131
1,403
1,949
1,912
1,705
1,707
Return on Invested Capital (%)
- -
- -
9.72
11.44
7.4
8.07
7.98
9.63
12.65
14.01
6.12
0.71
- -
- -
Return on Capital (%)
- -
- -
13.67
12.89
3.46
9.4
8.16
7.99
13.5
14.58
5.94
2.35
- -
- -
Return on Common Equity (%)
-22.37
16.03
17.78
17.62
4.12
13.36
12.35
11.49
18.48
17.92
6.57
2.24
-4.52
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
147
92
114
LT Borrowings
79
68
- -
LT Finance Leases
32
39
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
59
59
Market Capitalization
1,518
1,537
1,148

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,254
1,149
1,229
Cash, Cash Equivalents & STI
236
158
135
Accounts Receivable, Net
507
367
523
Inventories
493
531
562
Total Current Liabilities
647
551
627
Payables & Accruals
- -
- -
- -
ST Debt
147
92
114
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.45%
15.06%
-10.86%
Free Cash Flow
89.93%
22.21%
-51.31%
Net Income, GAAP
-8.29%
-58.36%
-289.49%
Sales/Revenue/Turnover
6.14%
10.41%
4.36%
Total Cash Common Dividend
- -
- -
-16.67%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,648
2025
- -
- -
2,763
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.7
2025
- -
- -
-1.34
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.88
2025
- -
- -
0.74
2026
- -
- -
- -

Company Description

CEO
Luc Tack
Full Time Employees
6,945
Sector
Process industries
Industry
Chemicals: agricultural
Address
Troonstraat 130 rue du TrOne Brussels BU Belgium 1050
IPO Date
Jan 1, 1937
Business
Tessenderlo Group NV (TESB.BR) is a Belgium-based multinational industrial group focused on agriculture, bio-residual valorization, machinery, mechanical engineering, electronics, energy generation, and industrial solutions emphasizing water treatment; headquartered in Brussels and founded in 1919, the company operates in over 100 countries with more than 7,000 employees. Its five core operating segments encompass the Agro segment, which produces, markets and sells crop nutrition products including liquid crop fertilizers, potassium sulfate fertilizers and crop protection solutions through business units such as Crop Vitality, Tessenderlo Kerley International, NovaSource and Violleau; the Bio-valorization segment, featuring PB Leiner's production, trading and sales of gelatins and collagen peptides alongside Akiolis' rendering, production and sales of proteins and fats from animal by-products; the Industrial Solutions segment, providing products, systems and solutions for water processing and treatment including flocculation, precipitation, plastic pipe systems and profiles via DYKA Group (DYKA, JDP, BT Nyloplast), Kuhlmann Europe and moleko; the Machines & Technologies segment, centered on Picanol Group's weaving machines, foundry and mechanical finishing (Proferro), electronics development and production (Psicontrol), and 3D metal printing with high-precision manufacturing (Melotte); and the T-Power segment, operating a 425 MW combined cycle gas turbine power plant in Tessenderlo, Belgium. The group serves customers across agriculture, food, industry, construction, health and consumer goods end-markets, generating consolidated revenue of 2.6 billion EUR in 2024. In May 2025, Tessenderlo Group signed a non-binding term sheet with Darling Ingredients Inc. to combine their collagen and gelatin businesses into Nextida, a new ~1.5 billion USD revenue company with Tessenderlo holding a 15% stake, pending due diligence, definitive agreements and regulatory approvals potentially closing in 2026; this strategic alliance aims to leverage complementary technologies, global customer bases and production capacities across 23 facilities in the Americas, Europe and Asia to accelerate growth in health, wellness, nutrition and food sectors.

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