GERMANY - Pfleiderer Group ended 2017 with robust financial performance.

The consolidated revenue of the Group increased 8.3% , and the EBITDA result by 10.4% .The EBITDA margin was at a similar level as in 2016 and amounted to 11.9%. The key events of the past year are primarily the presentation of the Strategy until 2021, the implementation of the investment plan, refinancing of the debt, as well as changes in the Management Board.

“Last year was a very busy time for Pfleiderer Group. We have thoroughly analyzed the Group's operation, which results in Pfleiderer Group Strategy until 2021 presented in September. The implementation of the objectives set out in it will allow us to maintain a leading position in our competitive and dynamically changing industry. We achieved successes, among others, optimizing processes in the Group, which translated, for example, into increased operational efficiency, better use of production capacity, optimization of production costs and minimization of downtime. Tom K. Schäbinger, President of the Management Board of Pfleiderer Group noted, “We develop our customer centric approach by constant improvement of customer service and new products development.”

Pfleiderer Group is a leading producer of wood-based products. The company's annual turnover is ca. EUR 1 billion. The company employs approximately 3,600 employees. The headquarters of the group are located in Wrocław (Poland) and in Neumarkt (Germany). Pfleiderer has 9 production facilities in Germany and Poland as well as sales offices in England, the Netherlands, Switzerland, Austria, Romania and France.