The first half of the year Paloma achieved better results than the year before. Paloma has managed to improve sales by 4% to almost Euro 44 million, as the company said in the press release received by Lesprom Network.
Paloma has also increased the market share of its own brand on strategic markets and is anticipating positive results for the full year 2016.
According to this year’s investment plan, Paloma has just successfully completed major repairs on a paper machine which will produce 2,000 tons of paper yearly more than before and with an investment worth Euro 1.2 million.
Boštjan Gorjup, Chairman of the Supervisory Board of Paloma said: "Paloma has taken many steps to restructure and improve its business these past two years. Nonetheless, the company still needs a stable, long-term owner capable of providing urgent investment capital, which the current owner cannot provide. As a result, the recapitalization process of Paloma offers the best opportunity to increase value for shareholders and to improve Paloma’s financial performance, which in turn will help to ensure a stable future for the company."
Paloma is a joint stock company with 140 years of tradition in the production and marketing of hygienic paper products in Europe.
