Pfleiderer Group reported stable sustainable EBITDA amid 2.5% growth of net sales in 1Q2017 y-o-y. According to the announcement, the company’s net sales accounted for EUR 252.4 million, generating EBITDA of EUR 33.9 million (13.5% margin).
Michael Wolff, President and CEO of the Pfleiderer Group, commented:
“In the first quarter of 2017, we reached a strong increase in sales volumes across all segments. Thanks to the investments made in 2016, the available capacities has been increased on our key production lines and now are almost fully-utilized. In the following periods, we will continue to concentrate our sales of value-added products, which share in revenue raised to 67% in the first quarter of 2017.
We are well on track to achieve our targets for 2017.”
In 2016 Pfleiderer Group 12.5% increase of sustainable EBITDA amid 2.4% growth of net sales.
About Pfleiderer Group:
The company is a complete wood-based panel manufacturer. Its production and sales activities are comprised in the two regions Western Europe and Eastern Europe, each with independently operating Business Units marketing its own brands and products tailored to specific target groups.