RadiciGroup reports 2016 financial results – RadiciGroup reports 2016
RadiciGroup reports 2016 RadiciGroup reports 2016 RadiciGroup reports 2016 RadiciGroup reports 2016
RadiciGroup reports 2016 financial results: Sales EUR 946 million and EBITDA EUR 110 million
Positive 2017 first half: Rising sales volume (+7%) and revenue (+ 23%)
Over 3,000 employees worldwide and 2016 sales revenue of EUR 946 million: these official figures help illustrate the size of RadiciGroup, a multinational engaged in the chemicals, plastics and synthetic fibres businesses and present in 16 countries, in Europe, Asia, North America and South America, at 33 sites, including sales and production units.
The Group closed 2016 with slightly lower sales revenue (- 6%), but with sales volume in line with 2015. EBITDA for the financial year was EUR 110 million (+8%).
“The Group is solid and well organized,” Angelo Radici, president of RadiciGroup, stated. “The slight drop in sales revenue can be attributed to the falling trend in raw materials prices, which thus affected our figures.
The Plastics Business Area made a significant contribution to Group results, but, in general, we managed to keep the sales volume of all Group business areas consistent with the prior financial year.
Still ongoing is our action plan to put the Group in a position to achieve continuous growth: optimizing resources, increasing plant efficiency and reducing energy use.
What’s more, our results for the first months of 2017 are very positive, with sales revenue up by over 23% and sales volume up by 7%.”
Economic performance goes hand in hand with sustainability performance: for over 10 years, RadiciGroup has reported on its economic, environmental and social performance in its annual Sustainability Report, which has always received external assurance.
In advance of the soon-to-be-released 2016 Report, to be available shortly on the Group’s website, some highlights are given below.