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Tiles

Rondine Group reports a strong 2005

Jul 04, 2006
04/07/06 - 2005 was another growth year for the Rondine Group. Last year the company from Rubiera (province of Reggio Emilia, Italy) reported an increase in turnover to 49 million euro and pre-tax profits of 2.7 million euro.

Net profits rose to 578,000 euro with a cash flow of 6.3 million euro. EBITDA reached 8.2 million euro (16.9% of turnover) and EBIT 2.4 million euro (5% of turnover).

The acquisition of a 51% stake in ceramic body manufacturer Spray Dry in 2005 raised consolidated turnover to 61 million euro, cash flow to 7.6 million euro (12.5% of turnover) and EBITDA to almost 10 million euro (16.2% of turnover).
The group’s results reflect the growth achieved in the most important markets, the increase in sales of high-end products and constant investments in research into products with high technological and aesthetic content.

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