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Associated equity: Kendrion
Kendrion develops, manufactures and markets high-quality actuator products for industrial applications (53% of revenues) and automotive (47%). The geographical spread of FY22 revenues is Europe 68%, the Americas 17% and Asia 15%.
Kendrion — 2 videos in collection
Kendrion specialises in developing, producing and marketing actuators for a wide range of industrial and automotive applications. An actuator is a device that converts electrical energy into force or motion. Kendrion’s products are used in wind turbines, robots, factory automation, electric vehicles, energy distribution devices and industrial heating processes.
In this interview, CEO Joep van Beurden explains Kendrion’s position in the global actuator market, while CFO Jeroen Hemmen comments on the company’s highlights for the year so far. They highlight the successes of Kendrion’s Industrial division, which benefits from electrification and green energy trends, and explain why Kendrion is splitting its Automotive division into ‘Automotive Core’ and ‘Automotive E’ in 2023. The interview concludes with a discussion about Kendrion’s financial targets for 2025, which were maintained at the company’s recent capital markets day.
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