TNO back in the black

After several years of cutbacks and layoffs, public research organization TNO is growing again. Revenue over 2018 grew 4.7 percent to 483 million euros, mainly as a result of increased government funds and the inclusion of solar research institute ECN in the TNO organization. The spin-out of the Functional Ingredients research group negated this increase somewhat. Operationally, TNO generated a profit of 4.9 million euros, though net income amounted to just about break-even. The number of employees expanded from 2907 in 2017 to 3265 last year.