Good half year results from Pfleiderer

23 August 2016

Print Page

Good 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.