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Tilo’s 2018/2019 turnover slightly below preceding year

25.07.2019 − 

According to preliminary figures, Austrian Tilo generated turnover to the amount of €56.9m in the 2018/2019 financial year (end of January). This represents a 1.9% decline vis à vis the preceding year’s figure. Over the previous three years, by contrast, accumulated turnover improved by more than 20%. In the 2015/2016 and 2016/2017 financial years, Tilo recorded significant growth rates. In 2017/2018 turnover increased only marginally.

In the past financial year, Tilo sold some 3m m² wooden flooring. Of this volume, some 45% was sold on the domestic Austrian market. The company has not disclosed key results figures but, against the background of the generally strained market situation, it assesses development of earnings as positive.

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