SITI-B&T Group expected to post 10% revenue growth in 2016

Following an excellent first-half performance, SITI B&T Group is expecting to close 2016 with 10% growth in revenues to approximately 187 million euros.

The results posted to 30 June include 16.9% growth in sales revenues with respect to the first half of 2015 (74.3 million euros), a consolidated EBITDA of 2.5 million euros (+19%) and a 12.9% increase in billable orders.

Ancora, the business unit acquired in February 2015, has achieved particularly significant results and is expected to post more than 20% revenue growth in 2016 following new product development and integration with the SITI B&T sales network.

B&T White, the sanitaryware production plant business unit, is likewise reporting excellent results buoyed by the market appreciation of its innovative solutions.

The complete ceramic tile plant segment has also seen an excellent performance in the field of energy-saving technologies, while the market is showing strong interest in the new Supera^® technology for the production of large-format ceramic panels.

Chairman Fabio Tarozzi has announced that the first installations of the new technology will be made in 2017.