Home / Knowledge / News / Textiles / Sales at RadiciGroup slip 1.3% in 2015
Sales at RadiciGroup slip 1.3% in 2015
06
Jul '16
Consolidated sales at Italian producer of polyamides and polyester fibres RadiciGroup slipped 1.3 per cent from a year ago period to €1,011 million in 2015; however, volumes climbed 3 per cent over 2014.

Revenue at the speciality chemicals division stood at €370 million, at Performance Plastics, it was €277 million, while the Synthetic Fibres & Nonwovens segment reported sales of €458 million.

The gross operating margin for the year under review too soared to €103 million, up a steep 37 per cent over 2014.

The company said its financial and capital soundness also showed further improvement as debt drove down to €183 million in 2015 as against €231 million in 2014.

In the reporting year, the increase in percentage of electricity from renewable sources, mainly hydroelectric energy used by RadiciGroup stood at 48.5 per cent.

“While, in the period 2011-2015, direct and indirect greenhouse gas emissions reduced by 48.3 per cent,” the company said.

Angelo Radici, president of RadiciGroup said, “We closed the year with total sales revenue slightly lower than in 2014, which was basically due to the decrease in raw materials costs.”

“Italy and the rest of Europe continued to be our main target markets, since these geographical areas contributed 73 per cent of our sales revenue,” he added. (AR)

Fibre2fashion News Desk - India

Must ReadView All

L-R: Smriti Irani, Vanathi Srinivasan and M Senthilkumar

Textiles | On 30th Sep 2016

Textile industry appeals for cotton fibre security

A pan-India textile industry delegation has urged Union textiles...

Courtesy: Kelheim Fibre

Textiles | On 30th Sep 2016

Kelheim Fibres develops static dissipative viscose fibre

Germany based specialty fibre producer Kelheim Fibres has developed a ...

Apparel/Garments | On 30th Sep 2016

Cambodian workers to get $153 minimum wage from Jan

Garment workers in Cambodia would get a minimum wage of $153 per...

Interviews View All

Karel Williams
Dow Microbial Control

Frank Gossmann
Rotorcraft AG

Karan Suratwala
Key Textile Accessories Private Limited

<font color="#545454" face="arial, sans-serif" size="2">The company is...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search