The Pfleiderer Group presents its annual results - 2016 was a highly successful year. EBITDA margin reached a record in 20 years and accounted for 15.5%, as the company said in the press release received by Lesprom Network.
Last year, the Group’s net sales revenues were Euro 960 million, compared to Euro 985 million in 2015. The slightly lower level of sales relative to 2015 stems mainly from lower sales prices and the adverse FX translation impact. However, Pfleiderer Group recorded a strong growth in volumes across all segments, in particular by value-added products.
In 2016, the Group’s normalized EBITDA (excluding non-recurring events) was Euro 149 million, up 12.5% over 2015. The Group’s normalized EBITDA margin in 2016 was 15.5% of revenues, compared to the 13.4% margin recorded in 2015.
“2016 was in many aspects a crucial year for us and we delivered our promises. Implementing the “One Pfleiderer” program and our steadfast execution of the premium strategy of focusing on the higher value added product segment brought a record breaking EBITDA margin, the highest one achieved in the most recent 20 years. Pfleiderer has successfully faced new challenges and this will support the Group’s robust development. In 2017, we want to continue growing our EBITDA at a low double digit million euros level,” Michael Wolff, CEO of the Pfleiderer Group, said.
Pfleiderer Group is a leading European producer of wood products specializing in producing materials for the furniture, interior decoration and construction industries. The Group produces standard chipboard, kitchen countertops, HPL laminates, artificial veneer and wooden panels.
