Reno De Medici Group’s consolidated net revenues amounted to Euro 429.7 million in January-September 2017, compared to Euro 345.9 million in the same period of the previous year as a result of higher intermediate volumes in both business segments and a
positive effect on the increase in average sales prices applied since the end of the 1Q.
In the first nine months of 2017, the Gross Operating Profit (EBITDA) amounted to Euro 33 million, compared to Euro 23.4 million in the corresponding period of 2016, up by Euro 9.6 million.
Operating Profit (EBIT) amounted to Euro 16.1 million, compared to Euro 7.1 million at the end of September 2016, including Euro 3.3 million generated by the subsidiary R.D.M. La Rochette S.A.S.
Consolidated net profit for January-September 2017amounted to Euro 12.1 million, more than tripled compared to Euro 3.5 million in the first nine months of 2016.
The Reno De Medici Group is the leading Italian and second-ranked European producer of cartonboard made of recycled fibers material.
