POLAND – The Pfleiderer Group reported 1Q-2018 sales revenues of € 268.8 million (1Q-2017: € 252.4 million), an increase of 6.5%.

The EBITDA increased by 18.5% in the 1Q-2018 to € 36.5 million, EBITDA margin rose to 13.6% compared to 12.2% in the 1Q-2017. This strong increase stems from, among other factors, the development of sales of value-added products and a new pricing policy, which mitigates the impact of higher prices of raw materials.

“We feel positive about our financial results for the first quarter and about the successful launch of our new lacquering line in Leutkirch, Germany which will help us increase production of value-added products and build stronger position in these segments. One of them is PrimeBoard, our new innovative and decorative board perfect for interior applications,” commented Tom K. Schäbinger, CEO Pfleiderer Group. “We are on track to implement our new growth strategy and I am optimistic about the Group going forward. In the months ahead, we will continue to improve our cost structure and profitability. We are also looking to invest in the development projects and products based on cutting-edge technologies that will help us achieve our strategic goals,” he added.

The Pfleiderer Group, with 123 years of experience, is a leading European manufacturer of wood products, specializing in the production of materials for the furniture industry, the interior industry and construction.