Todagres continues growth in 2005
After reporting a turnover of 27.36 million euro in 2004 (16% up on 2003), the company estimates that it has closed fiscal 2005 with further 9.6% growth to reach 30 million euro.
Cash flow stands at about 27% and EBITDA in the region of 6 million euro.
These results are largely driven by growth in domestic demand and a 10.16% increase in average selling price. Todagres makes 70% of its total sales in Spain, the rest predominantly in European Union markets.
The company’s main product line is its through-bodied porcelain tile, sold under the Todanato brand (79.3% of total sales).
Did you find this article useful?
Join the CWW community to receive the most important news from the global ceramic industry every two weeks
Read more
