Main highlights of the January-September 2020 results:
>> José Domingo de Ampuero y Osma, Chairman of the Viscofan Group: “We've been able to meet the increase in demand thanks to the increase in the range of products in the different technologies, the flexibility to adapt to the new world context, the industrial excellence in our production centres, the savings generated in the new cellulose and fibrous plant in Spain, and the good work of the entire Viscofan team. Thus, our financial results outperform initial expectations despite a more adverse scenario than expected in the main commercial currencies. Unfortunately, not everything has been positive and we have to mourn the death of two people from our team in the fire that started in the office area of our facilities in Serbia last July. ”
>> €671.9 million in revenue, 7.4% higher than the previous year, and 7.2% in like-for-like terms.
>> €169.0 million in EBITDA, a growth of 18.0% compared to the previous year and 23.9% in like-for-like terms.
>> Growth of 2.2 p.p. in the EBITDA margin, which stands at 25.1%, and 3.6 p.p. in like-for-like terms.
>> €87.9 million in Net Profit, 20.9% higher than the previous year.
>> €14.7 million of net bank debt at September 2020, a decrease of 65.3% compared to €42.5 million at December 2019 thanks to the strength of operating results.
You can read all results information on the following LINK