In the first nine months of 2016, Reno De Medici Group revenues from sales amounted to Euro 345.9 million, vs. Euro 334.8 million in the same period of the previous fiscal year, as the company said in the press release received by Lesprom Network.
As at September 30, 2016 Gross Operating Profit (EBITDA) was Euro 23.4 million, compared to Euro 34.1 million in the first nine months of 2015. The EBITDA change is substantially due to two drivers: the market scenario, which was more unfavourable than in the previous year, and lower production in the Arnsberg mill, following the investment carried out in April 2016. In WLC, even the geographical revenues’ market-mix was also less favourable, due to the higher weight of sales in Overseas markets.
In the first nine months of 2016, Operating Profit (EBIT) totalled Euro 7.1 million, compared to Euro 15.9 million in the same period of 2015.
In the first nine months of 2016, net profit was Euro 3.5 million, vs. Euro 10.1 million as at 30 September 2015.
The Reno De Medici Group is the leading Italian and second-ranked European producer of cartonboard based on recycled material.
