Aug 08, 2015. /Lesprom Network/. Reno De Medici S.p.A. (RDM) has reached revenues from sales of Euro 226 million in the first half 2015, an increase compared to Euro 221.4 million in 1H 2014. The rise is substantially due to the higher sold volumes (429,000 tons in 1H 2015 vs. 420,000 tons in 1H 2014) as well as to the mix change linked to the Spanish operation restructuring, which have more than offset the slight decline in average sale prices, the company said in the press release received by Lesprom Network. 

In the first half of 2015, the RDM Group Gross Operating Profit (EBITDA) reached Euro 23 million compared to Euro 25.1 million in 1H 2014, mainly due to the difference in terms of Energy Efficiency Certificates.

In 2014, EEC grants were higher, following to the completion of the projects envisaged by the 5‐year plan. Excluding such an effect, profitability slightly improved, thanks to both lower energy costs and to the reduction in variable production costs.

As at June 30, 2015, Operating Profit (EBIT) amounts to Euro 10.6 million, compared to Euro 13.4 million recorded as at June 30, 2014.

In the first half of 2015, the RDM Group reached a net profit of Euro 6.9 million, vs. Euro 9.2 million in 1H 2014. Even such a change is mainly due to Energy Efficiency Certificates. Excluding that factor, net profit for the period would provide a favourable comparison with the first half of the previous year.

The Reno De Medici Group is the leading Italian and second-ranked European producer of cartonboard based on recycled material.