The Pfleiderer Group S.A. has made a successful start in 2018. CEO Tom K. Schäbinger declared himself satisfied with the results for the first quarter. “We are delighted with the results for the first quarter and the successful start of our new coating plant in Leutkirch, which will help us to increase production of added value products and strengthen our position in these market segments. One of these products is PrimeBoard, our new, innovative and decorative board for indoor use. We are moving in the right direction to realise our growth strategy and I am optimistic about the future of the group. We will continue to improve our cost structure and profitability in the coming months. We also want to invest in development projects and products based on the very latest technologies that will help us to realise our strategic goals.”
The revenue of Pfleiderer Group S.A. increased by 6.5% in the first quarter to €268.8m, the EBITDA increased considerably by 18.5% to €36.5m, while the EBITDA margin increased from 12.2% to 13.6%. With the new pricing policy, the EBIT grew by 45.2% from €12.4m in the first quarter of 2017 to €18m this year. The investments for this year are expected to amount to around €75m.