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DE:ERIKS

ERIKS

  • Privately Held
Pros and Cons

Strong market position in industrial services and components distribution

Investment in advanced technologies like 3D printing

Wide range of industrial components and services

Commitment to REACH compliance and sustainable development

Pan-European presence providing geographical diversification

Declining revenue trend from 2018 to 2020

Negative EBIT figures in recent years

Exposure to cyclical industrial sectors

Challenges in adapting to new sustainability regulations like CSDDD

Potential vulnerability to supply chain disruptions

Summary
Competition
ERIKS operates in a competitive landscape with other significant players like SKF. The industry is characterized by a mix of large multinational corporations and specialized regional providers. Key competitive factors include technical expertise, supply chain management, and the ability to provide value-added services beyond product distribution. ERIKS' strengths in its pan-European presence and investment in technologies like 3D printing help differentiate it in the market.
Business
ERIKS is an industrial service provider with a significant presence in Europe. The company offers a comprehensive range of industrial products, services, and solutions across various industries. Founded in the Netherlands, ERIKS has grown to become a key player in the industrial services and components distribution sector. The company emphasizes innovation and sustainability, particularly in areas like REACH compliance and 3D printing technology. Despite its strong market position, ERIKS has faced challenges in recent years, as evidenced by declining revenues and negative EBIT figures from 2018 to 2020.
Recent Acquisitions

Action Industrial Group

Date: 2015-04-21

Rationale: Strategic expansion in South Carolina

Impact: Added $21.5 million in net sales and 78 employees

Seals and Packings, Inc.

Date: 2015-04-21

Rationale: Strengthen presence in U.S. oil and gas industry

Impact: Enhanced capabilities in Texas market

Branham Corporation

Date: 2023-11-16

Rationale: Expand product portfolio and geographical presence

Impact: Added 5 fabrication/distribution plants and 8 sales locations

GEMOTEG GmbH & Co.KG

Date: 2022-11-25

Rationale: Expand product range in power transmission solutions

Impact: Strengthened position in German market

C&C Industries, Inc. and CCTX Flow Products, Inc.

Date: 2024-01-01

Rationale: Strengthen position in North American oil and gas markets

Impact: Enhanced presence in Houston, Texas and Edmonton, Alberta

Assessment

Growth

Revenue Organic

Revenue declined from €196.9M in 2018 to €144.1M in 2020, showing negative organic growth.

Revenue Overall

Overall revenue trend is negative, decreasing by 26.8% from 2018 to 2020.

Profile

Multinational

Strong presence in Europe, but global reach is not fully clear from the provided information.

Clear Market Leader

ERIKS has a significant market share and pan-European presence in industrial services.

Buy-and-Build Platform

-

Insufficient information to assess acquisition strategy.

Resilience

Non-cyclical

Industrial services are somewhat cyclical, affected by economic conditions and industrial activity.

Revenue Visibility

Steady demand for MRO services provides some revenue stability, but exact visibility is unclear.

Profitability

Gross Margin

-

Gross margin figures not provided in the financial data.

EBITDA Margin

-

EBITDA figures not provided in the financial data.

Cash Conversion

-

Insufficient information to assess cash conversion.