Posted June 13, 2018
Pfleiderer Group S.A. reported positive earnings for 1Q 2018. Its 1Q 2018 net income reached Euro 7.3 million, as the company said in the press release received by Lesprom Network.
Pfleiderer Group S.A. 1Q 2018 revenues rose by 6.5% to Euro 268.8 million from Euro 252.4 million a year ago. Importantly, the Group generated sustainable growth from sales of high-margin, value-added products supported by sales of basic products.
In turn, 1Q 2018 EBITDA rose substantially by 18.5% to Euro 36.5 million, compared to Euro 30.8 million in the corresponding period a year ago, while EBITDA margin increased to 13.6% from 12.2%.
EBIT increased by 45.2% to Euro 18 million from Euro 12.4 million in 1Q 2017. This strong increase stems from, among others, a new pricing policy, which mitigates the negative impact of rising prices of raw materials.
Pfleiderer Group is the leading producer of materials and solutions for furniture, construction and building industries.