Neodecortech posts slight rise in revenues

01.03.2018 − 

Italian Neodecortech saw its growth in revenues flatten out a little in the second half of 2017. This company was created when Cartiere de Guarcino (CDG) merged with Confalonieri. Listed on the Milan Stock Exchange since the end of September 2017, the firm ended the first half with an 18.4% upturn in revenues to €62.5m compared with the previous year’s pro forma sum. Preliminary figures published in mid-February indicate that the second half produced a 3.7% increase in consolidated revenues to €65.2m. The full year thus ended with a 10.4% growth in turnover to €127.7m, surpassing 2015’s total of €125.5m.

In its ad-hoc statement, the company did not break down group revenues into the different product areas of decor paper, decor printing, impregnated products, finish foils and PVC foils or provide details of its earnings. However, net debts had been slashed by 17.7% to €47.0m by the year’s end. They were also 22.6% lower than the figure of €60.6m recorded as of 30 June 2017.

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