POLAND - The Pfleiderer Group, one of the leading European wood panel producers, presented the results of the 2016 fiscal year.

While EBITDA margin reached a record in 20 years and accounted for 15.5%, in FY 2016 the Group’s net sales revenues were EUR 960 million (compared to EUR 985 million in 2015). The slightly lower level of sales relative to 2015 stems mainly from lower sales prices and the adverse FX translation impact. However, Pfleiderer Group recorded a strong growth in volumes across all segments, in particular by value-added products.

The company attributes these satisfying financial results to synergies resulting from the merger of the Group’s business segments, optimization of the product mix and high utilization of Pfleiderer Group’s capacities because of a very strong demand. The results improved also by focusing on value-added products that accounted for 65% of sales in 2016. Factors related to raw material prices also made a positive contribution.

In 2016, the Group’s capital expenditures were EUR 52 million. Implementing strategic projects such as the 4-Pack project in Grajewo, a new worktop line and the Dynasteam project in Wieruszów and enhancing operational efficiency have contributed to sustainable growth in Pfleiderer’s competiveness. In 2017, capital expenditures will remain high in excess of EUR 60 million. The key projects planned for this year include completion and implementation of the sanding line in the biggest plant in Neumarkt, execution of an investment project to recycle wood and cut raw material costs, and commissioning of a lacquering line in Leutkirch. In 2017, the Pfleiderer Group will also focus on intensifying sales and marketing activities under “ONE COLLECTION”.