ABK reports first-half growth and makes new investments in large slabs

ABK is continuing its growth trajectory focused on product excellence and industrial investments, boosted by the improvement in economic results in the first half of 2018.

The value of production totalled 60.9 million euros, around 5% up on the same period in 2017. This growth was largely driven by the strong export performance and the increase in sales of large-size products with higher levels of profitability, pushing up profit margins. EBITDA reached 10.2 million euros (+6.3%) and net profits 4.9 million euros (compared to 4.3 million euros to 30 June 2017).

One of the company’s main investment projects concerns the launch of “full wide” products, the innovative large-thickness “through-vein” ceramic slabs which will go into production in 2019. 

The group has also continued its merger with SPAC Capital For Progress 2 S.p.A. with a view to stock market listing.

During Cersaie 2018, ABK signed an exclusive partnership with Moroccan ceramic company Facemag for the distribution of large porcelain slabs in Morocco.

The Facemag/ABK showroom in Casablanca will bring the ABK Wide range of high-quality products with exclusive design to the attention of both professionals and the general public. It will also offer a training service provided by Assoposa expert tile layers and Raimondi products for handling and installation of large slabs.

Under the terms of the partnership, ABK will also provide Facemag with the technical and industrial support necessary for future production of new large size slabs directly in Morocco.