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Tiles

Todagres continues growth in 2005

Jan 27, 2006
27/01/06 - Todagres, a Spanish company (based in Vila Real) specialising in porcelain tile production, is continuing its strong performance.
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).

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