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Tiles

Ceramiche Ricchetti reports positive 2005

May 11, 2006
11/05/06 - Ceramiche Ricchetti has reported a good 2005. After two years of losses, the well-known Italian ceramic group closed 2005 with profits of 3.5 million euro (compared to 2.6 million euro losses in 2004).
EBITDA rose by 16.4% to 26.4 million euro (equivalent to 8.77% of the value of production) and EBIT rose to 9.8 million euro compared to 4 million euro in 2004 (3.3% of the value of production).

Consolidated turnover fell slightly to 281.3 million euro (3.5% down on 2004) and production dropped to 30.5 million sq.m (down 10.3%).
This contraction was due to the fall in sales by the subsidiary Biztiles Italia, particularly in foreign markets, although this fall was largely compensated by the increase in selling price of high-end products.

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