2017 results Sales EUR 1147 million RadiciGroup - Arhive

RadiciGroup 2017 sales significantly exceeded one billion euros: the Group – with over 3,000 employees, companies in 16 countries and 33 sales and production units engaged in chemicals, plastics and synthetic fibres – recorded consolidated sales revenue of EUR 1,147 million, a 20% increase over the prior financial year.

Group net income rose by over 60% compared to 2016, driven by an increase in sales volume, while Group EBITDA was EUR 160 million (+ 45%).

“Our competitive system operates with respect for people and the environment,” said Angelo Radici, president of RadiciGroup.2017 results Sales EUR 1147 million RadiciGroup

“The financial statement figures show that our Group is sound and in excellent financial condition, in spite of the high levels of uncertainty that characterize some of the widely diverse scenarios in which the Group operates.”

RadiciGroup’s strategy continues to focus on its strategic core business activities – nylon chemicals, engineering plastics and synthetic fibres – with the goal of improving its competitive position in the market and achieving an overall balance among the geographical areas where the Group operates in order to reduce dependency on single markets and boost cash flow to reduce debt and finance new initiatives in crucial markets.

“Our 2017 results are very positive and show higher Group growth compared to 2016, which has strengthened our balance sheet,” stressed Alessandro Manzoni, CFO of the Group.

“We are also very pleased with the results of the first half of 2018, which rose compared to the same period of 2017. However, in the second half of the year, we are in a more cautious position due to the new climate of political uncertainty, which, naturally, has an impact on markets, as well. The Group’s financial position is extremely solid.”