ITALY – Neodecortech S.p.A., the Italian market leader in the production of decorative papers for laminated panels and flooring under the brands Confalonieri, Texte and Plana, reported total consolidated revenue at 31 December 2019 of € 135.8 million, up by 1.6 percent versus € 133.5 million reached in 2018.

It should be noted that revenue in 2019 was affected by the 22-day production shutdown of the subsidiary Cartiere di Guarcino S.p.A. in February 2019, due to a weather incident. This led to a lower value of production and a resulting drop in turnover, with no particular impact on margins thanks to insurance reimbursements.

Consolidated EBITDA at 31 December 2019 amounted to approximately € 15.9 million (11.7 percent of total consolidated revenue) versus € 17.7 million in the same period of 2018. The drop in EBITDA is due mainly to higher variable industrial costs, including in particular fuel for the BEG cogeneration plant and increased use of direct labor.

The Neodecortech Group made organic investments in 2019 of approximately € 10 million in order to increase efficiency and diversify its production range. Thanks to the disposal of financial assets worth approximately € 4.3 million and despite the investments made, the Company managed to reduce its net financial position by approximately € 3.5 million.

Neodecortech is the Italian market leader in the production of decorative papers. The Group’s business is in the production of complete and technologically advanced solutions for the realization of interior design projects, covering all stages of the production process for the production of decorative paper, from raw material management, through surface finishing and impregnation, up to the finished product and the management of end-of-line logistics. The Group offers 6 product categories: decorative papers, decorative printings, finish foil, melamine film, PPF and laminates.