Nedap saw its revenue stabilize to 191.5 million dollars in 2019. The net result rose 41 percent to 24.1 million, including a 9.9 million book profit generated in the third quarter upon completion of the sale of the company’s French branch. The number of FTEs at the Groenlo-based system developer went up from 681 at year-end 2018 to 724 at the end of 2019.
Nedap’s Healthcare business unit continued its robust growth trend. Identification Systems, Light Controls and Security Management also performed well, while Livestock Management and Retail posted lower revenue. Revenue at Staffing Solutions remained more or less stable.
“2019 was a tough year for Nedap,” comments Ruben Wegman, CEO. “Several markets that we operate in experienced considerable volatility throughout the year, but our policy of developing activities in numerous markets enables us to compensate for considerable drops in revenue. We were able to maintain our strategic course, even in these dynamic and challenging market conditions. Given the promising perspectives for long-term growth at all business units, we continued to invest in the recruitment and development of talented people in 2019.”