Gascogne’s sales up 2.9% to Euro 218.9 million

九月 29, 2015
Sep 29, 2015. /Lesprom Network/. Gascogne’s sales in the first half of 2015 stand at Euro 218.9 million, up 2.9% on the first half of 2014, due mainly to the Paper division, which grew by 14% compared with the first half of 2014, which was affected by a shortage of activity in the paper plant in January 2014 following the boiler incident in December 2013, as the company said in the press release received by Lesprom Network.

EBITDA rose from Euro 3.8 million to Euro 10.8 million in the first half of 2015, reaching the 2014 full-year value.

The underlying operating profit increased from Euro 2 million to Euro 6.4 million.

Net profit stands at Euro 7.2 million, compared with –Euro 6.9 million in the first half of 2014.

The second half of the year should be inferior to the first half in terms of profit due to the scheduled shutdown of the Mimizan paper plant in October and seasonal trends in sales.

The Gascogne Group is the leading player in the wood industry in France, operating at every stage of the processing of forest resources, and the only player in France that is totally integrated along the complete wood-paper processing chain.



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