SPAIN – Cosentino Group, a global leader in the production and distribution of innovative surfaces for architecture and design, closed FY 2017 with a combined revenue of USD 1 billion, representing an increase of more than 8 percent from 2016, a figure negatively impacted by the decrease of sales income against the Euro.
In terms of operating results EBITDA last fiscal year totaled USD 157 million, an increase of 10 percent. Changes in the exchange rate had a strong negative impact on this figure. The figure with the most distinct improvement over the last fiscal year was net profit, totaling USD 70 million, or a 33 percent increase on 2016. This was due to very strong financial results, as well as the financial coverage provided by the exchange rate risk management policy, which mitigated the negative effect previously mentioned in the EBITDA case.
To increase involvement in international markets, Cosentino opened seven new Centers in 2017, scattered across countries such as the USA, Canada, Israel, Singapore, South Africa, Poland and the UAE. Along with the Center’s, Cosentino opened two new showrooms, one located in Madrid and the other in Dubai.
The Cosentino Group is a global, family-owned company that produces and distributes high value innovative surfaces for architecture and design with pioneering brands that are leaders in their respective segments such as Silestone®, Dekton® and Sensa by Cosentino®.
The Cosentino Group currently distributes its products and brands in more than 80 countries, from its headquarters in Almeria (Spain). Currently Cosentino is present in 32 countries, with its own assets in 27 of them. The group has seven factories (six in Almería, Spain and one in Brazil), one intelligent logistic platform in Spain, and more than 120 commercial and business units throughout the world. More than 90% of Cosentino Group’s financial turnover comes from international markets.
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