Van Leeuwen Reports Profit in 2024 Despite Market Headwinds

Despite facing a challenging market environment in 2024, Dutch pipe distributor Royal Van Leeuwen managed to deliver a positive financial result.

The company noted a decline in overall market volume and falling prices throughout the year. Nevertheless, strong performance in the energy sector—bolstered by several large-scale projects in Europe and Asia—helped offset broader market weakness.

Van Leeuwen reported total revenue of €1.3 billion ($1.76 billion), down from €1.6 billion in 2023. Operating profit came in at €22 million, compared to €60 million the previous year, while net profit reached €14 million, down from €43 million.

Project activity in the energy sector remained robust, with major contracts secured around the globe. Among the highlights was the supply of materials for an ethane cracker project in the Port of Antwerp.

In 2024, the company also completed several investments aimed at increasing storage capacity and operational efficiency. A major milestone was the commissioning of a 315-meter monorail system at its main site in Zwijndrecht—now recognized as the world’s largest pipe sorting center.

Leadership also saw a change: on April 9, CEO Peter Rietberg stepped down and was succeeded by Joop Sassen, a long-serving executive who has been with the company since 1992.

Van Leeuwen operates 70 locations across 32 countries, including in Europe, the Middle East, Asia, Australia, and North America, and employs 2,250 people worldwide.