Groupe Gascogne increases results and profit

Restructuring agreements not fully complied with

In the 2016 financial year, Groupe Gascogne S.A., Saint-Paul-lès-Dax (France), increased both results and profit. The EBITDA was up by 32% to €22.0m (2015: 16.7m). Appreciable contributions to the improvements were made by a €3.4m reduction in wages and €1.6m lower energy costs. However, even higher EBITDA ...

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