Burgo Group, a leading European manufacturer of graphic and specialty papers, increased EBITDA margin to 6.5% in 2016

Burgo Group, a leading European manufacturer of graphic and specialty papers, reported 27.4% growth of operating margin (EBITDA) amid 10% decrease of sales in 2016 y-o-y. According to the announcement, the company’s operating revenues accounted for EUR 1,991 million, generating EBITDA of EUR 129 million (6.5% margin ) in the period.

Check other wood business-related companies 4Q2016 schedules for financial and operating results.

Earlier Burgo Group placed an order with the international technology group Andritz for the recently announced reconversion of Line 2 (PM2) of the Avezzano (AQ) paper mill in Italy.

About Burgo Group:

The company is a leading  European manufacturer of graphic and specialty papers. It has a vertically integrated supply chain starting with production, distribution, finishing of forest products, paper production infrastructure, factoring and energy.

Source: Woodbizforum