Vandewiele: Textile machinery manufacturer reports millions in losses

Belgium-based Vandewiele Group, a global supplier of systems and machinery for the textile industry – in particular weaving machines – closed 2024 with a drop in turnover from EUR 785 M to EUR 605 M and a net loss of EUR 47 M. The result was weighed down by geopolitical uncertainty in key export markets such as Iran, as well as high personnel costs and write-downs. The outlook for 2025 remains challenging. Nevertheless, CEO Charles Beauduin remains optimistic: “Carpet manufacturers can’t do without our technology.”

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