The Group earnings before interest, tax, depreciation and amortisation (EBITDA) grew disproportionately to Euro 59.2 million and almost doubled in comparison to the previous year (+94.1 %). This increase is due not only to higher prices, but, above all, to significant savings resulting from the on-going efficiency programmes that have led to a significantly improved cost structure.
The Management Board of Pfleiderer GmbH is also anticipating an increase in turnover in comparison to the previous year, as well as a continuing disproportionate increase in earnings, for the year 2014 as a whole.
“Pfleiderer gained in clout in the first six months of the year and is on a clear path of growth. Customers have confidence in the Pfleiderer brand and value our product range. At the same time, we have made considerable progress in reducing our costs and increasing our efficiency. On this basis, Pfleiderer was able to benefit from a market environment for engineered wood products that was stable in Western Europe and friendly in Eastern Europe and significantly increase both turnover and earnings”, said Michael Wolff, spokesman of the Management Board (CEO) of Pfleiderer GmbH.
“Furthermore, in July, we successfully returned to the capital market with the placement of an issue worth 321.7 million euros and created a solid foundation for the financing of our company for the long-term. On this basis, we are confident as regards the developments in the rest of the year, even against a background of the economic risks having recently increased again.”
The Pfleiderer GmbH is one of the leading manufacturers of engineered wood in Europe.
