While EBITDA margin reached a record in 20 years and accounted for 15.5%, in FY 2016 the group’s net sales revenues were €960m (€985m in 2015). The slightly lower level of sales relative to 2015 stems mainly from lower sales prices.

However, the Pfleiderer Group recorded a strong growth in volumes across all segments, in particular by value-added products.

The company attributes these financial results to synergies resulting from the merger of the group’s business segments, optimisation of the product mix and high utilisation of the Pfleiderer Group’s capacities because of a very strong demand. The results improved also by focusing on value-added products that accounted for 65% of sales in 2016.

Factors related to raw material prices also made a positive contribution.