Sustainable EBITDA grew from Euro 119.7 million to Euro 132.3 million (+10.6% year-over-year), thus outperforming the Group revenues growth. The EBITDA margin rose to 13.4%. Major factors contributing to the improvement in operating earnings included measures to improve cost effectiveness and the focus on higher value-added products.
“The results for 2015 clearly show: Pfleiderer is in a very good shape. We are satisfied with revenue growth in 2015, particularly against the backdrop of the integration challenges faced by Pfleiderer over the course of the year. I am convinced that we will be able to improve our results over the course of the current year, when the synergy effects will start to materialize,” said Michael Wolff, President and CEO of Pfleiderer Grajewo S.A.
Pfleiderer Group is one of the largest and most modern producers of furniture boards, kitchen worktops and artificial veneers in Europe.