The Board of Directors of SOL Group has approved the company’s third quarter (Q3) 2015 results, revealing 8% growth in consolidated sales and strong performance in its homecare division in particular.
Consolidated sales of €501m ($536m) were up 8.3% versus Q3 2014 (€462m), while EBITDA (€111.7m/$118m) was 22.3% on sales (+6.3% over Q3 2014).
EBIT of €51.2m was 10.9% on sales (+10.9% over Q3 2014).
In a climate of still weak economy recovery, SOL notes that growth of 8.3% was 4.9% without the effect of acquisitions. The positive result is due to the growth of sales abroad, with an increase of 13.2% (also due to the acquisitions), but also to an improvement in Italy – where growth of 3.6% was achieved despite an end to production activity at an important customer, Acciaieria Lucchini.
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