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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

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