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Marazzi Group reports increase in turnover

Nov 20, 2006
20/11/06 - Marazzi Group has closed the first nine months of the year with 7.5% turnover growth to 727.8 million euro.
The other economic indicators also registered increases. As of 30 September EBITDA was 91.4 million euro (10.4% up on the same period the previous year), while net profits totalled 47.6 million euro, 8.9% up on 2005.

As for the performance of the various business units, the highest growth was in Russia (+26.5%) and the United States (+10.9%).
Growth in the US market was hindered because the installed capacity limits were reached.
The positive trend also continues in Italy and Spain where growth was higher than 5%.
The only small decrease was reported in France with a 2.2% fall in the nine month period, although the last quarter has shown a certain buoyancy (+0.2%).

Marazzi Group’s new development projects include the acquisition of a Chinese ceramic company and the opening of a branch in Bombay run by local personnel who will undertake a study of the large local market.

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