In 2016, the Reno De Medici Group revenues from sales amounted to Euro 477.8 million, a growth vs. Euro 438.2 million in the same period of the previous fiscal year, as the company said in the press release received by Lesprom Network.
As at December 31, 2016 Gross Operating Profit (EBITDA) is Euro 30.4 million, compared to Euro 41.8 million in 2015. The EBITDA change is substantially due to following drivers: the market scenario, which was more unfavourable than in the previous year, higher costs of non-energy raw materials, lower average selling prices, and lower production at certain mills, especially at Arnsberg (Germany), following the investment successfully carried out in April 2016.
In 2016, Operating Profit (EBIT) amounted to Euro 8.8 million, compared to Euro 17.2 million in 2015. The negative change was partially offset by the decrease in the other operating costs and in depreciation.
Consolidated net profit amounted to Euro 3.2 million, vs. Euro 9.9 million recorded in the prior year.
The Reno De Medici Group is the leading Italian and second-ranked European producer of cartonboard based on recycled material.
