Pfleiderer Group ended 2017 with robust financial performance. The consolidated revenue of the Group increased by 4.8% to Euro 1 006 million compared to the previous year (8.3% without first 19 days of 2016 for Core West Segment).
Throughout 2017, the gross margin amounted to 23%, remaining at a stable level y/y due to the implementation of the new pricing policy despite significant increase in raw material prices. The Group's EBITDA amounted to Euro 120 million and increased by 9.3% y/y. The EBITDA margin was at a similar level as in 2016 and amounted to 11.9%.
Tom K. Schäbinger, President of the Management Board of Pfleiderer Group S.A., said: "Last year was a very busy time for Pfleiderer Grup. We have thoroughly analysed the Group's operation, which results in Pfleiderer Group Strategy until 2021 presented in September. The implementation of the objectives set out in it will allow us to maintain a leading position in our competitive and dynamically changing industry. We achieved successes, among others, optimising processes in the Group, which translated, for example, into increased operational efficiency, better use of production capacity, optimisation of production costs and minimisation of downtime. We develop our customer centric approach by constant improvement of customer service and new products development."
Pfleiderer Group is the leading producer of wood-based products.
