Enter one or more terms (minimum 5 characters)
Tiles

First half for Ricchetti Group: rises in both turnover and profits

Sep 18, 2007
18/09/07 - Ricchetti Group, an industrial holding active in the production and distribution of ceramic floor and wall tiles, has closed the first half of 2007 with a profit of 4.6 million Euro, a rise of 43.7% compared to the same period last year.

During the first six months of 2007 the group’s total turnover totalled 145.6 million Euro, a rise of 0.9% compared to the 144.3 million Euro for the first six months of 2006 (a decrease of 3.9% in terms of volume). This rise is mainly due to an increase in turnover of the controlled Portuguese company Cinca SA.

Volume sales for the half amount to 15.3 million square meters compared to 15.9 million square meters for the same period in 2006 (30.2 million square meters for all of 2006).

Margins for Ebit and Ebitda are high, reaching 10.6 million Euro (5.1 million Euro during the first half of 2006) and 16.5 million Euro (12.3 million Euro for the same period of last year) respectively.

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