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%.

In Q322, Kendrion reported better than expected revenue growth of 17% y-o-y, of which 12% was organic, despite the ongoing challenges in the market, such as the shortage of materials, inflation and volatility demand (particularly in Automotive). Industrial remains the star performer (revenues +27%), benefitting from the transition towards clean energy. Kendrion expects the unpredictability of the economic environment to continue into 2023, but remains confident it can realise its financial targets for 2025.