ITALY - Neodecortech S.p.A., one of Europe's top players in the production of decorative papers for laminated panels and flooring used in interior design, reported net sales revenue at 30 September 2021 (9M-2021) amounted to EUR 125.4 million, up by 41.1% versus EUR 88.8 million recorded in the same period of the prior year.
More specifically, sales in the Printed Decorative Paper Division increased by 49% and sales in the Decorative Paper Division grew by 59.6%.
Geographically speaking, the changes were as follows: sales in Italy rose by 37.1% and in Europe by 44.2%, while sales in Asia and the Middle East grew by approximately 47%, and in America by 84.4% versus the same period of the prior year.
EBITDA came to EUR 13.8 million (11% of revenue), up by 39.9% versus EUR 9.9 million at 30 September 2020 (11.1% of revenue).
The period at 30 September 2021 closes with net profit of EUR 4.5 million (3.6% of revenue) versus EUR 1.7 million at 30 September 2020 (1.9% of revenue).
In keeping with the trend witnessed in the first nine months and in line with the approved budget, estimates show that in fourth quarter 2021 turnover may continue to grow versus the same period of the prior year, with a slight dip however in percentage margins. This thanks to both the gradual increase in sales of Neodecortech's new products and the transfer to customers of the increased cost of raw materials by Neodecortech S.p.A. and Cartiere di Guarcino S.p.A.
