Good half year results from Pfleiderer
23 August 2016Good results were reported for the Pfleiderer Group in the first half of 2016, thanks to its focus on value-added products and favourable market conditions.
Sustainable EBITDA (without extraordinary effects) increased by 9.2% to €70.4m and the EBITDA margin was 14.4% better than expected.
Revenues were €489.3m, slightly down against the same period in 2015 due to negative exchange rates.
The group’s performance was supported by strong growth of the national economies and a positive outlook for the construction markets in Dach, Poland and also in France and the UK.
The management has confirmed its expectation to achieve a low double-digit increase in EBITDA in 2016.