Pfleiderer Group's FY 2017 EBITDA increased by 9.3% to EUR 120 million
The Pfleiderer Group ended 2017 with a consolidated revenue of EUR120 Mn, a 4.8 per cent increase year-on-year.
The Group’s gross margin amounted to 23 per cent, remaining at a stable level YoY due to the implementation of the new pricing policy despite significant increases in raw material prices.
The Group's EBITDA amounted to EUR120 million and increased by 9.3 per cent YoY. The EBITDA margin was at a similar level as in 2016 and amounted to 11.9 per cent.
Tom K. Schäbinger, president of the Pfleiderer Group, said, "Last year was a very busy time for [us]. We thoroughly analysed the Group's operation, which culminated in the Pfleiderer Group Strategy up till 2021. The implementation of the objectives set out in it will allow us to maintain a leading position in our competitive and dynamically changing industry.
“We achieved success, optimised processes in the Group, which translated into increased operational efficiency, better use of production capacity, optimisation of production costs and reduced downtime. We developed our customer-centric approach by constant improvement of customer service and new products development."
Source: Lesprom Network