Cosentino sees record 2017

Cosentino has announced a record 2017 with increases in revenue and profit.

The company reported consolidated revenue of €901 million, which represented an increase of 8% on 2016.

This was negatively impacted by the depreciation of sales income against the euro, but using a regularised exchange rate this figure was up by to 10%, which highlighted strong growth in certain markets, including Europe.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the last fiscal year totalled €128m, an increase of 10%.

Changes in the exchange rate had a strong negative impact on this figure, with profit growth on 2016 of 19%, caused by the absorption of fixed costs, which led to an increase in consolidated revenue.

The company also revealed that it had spent just under €200m on planned investments, which is 52% of its projected spending of €380m for the 2016 to 2019 period. The majority (70%) of these investments have been in productive growth investments, most notably the construction and opening of a second Dekton manufacturing facility.

During 2017, the group also focused on the automation of existing factories for product diversification, and to increase production response speed.

The company also grew on an international level in 2017, with seven new Cosentino Centres opened throughout the year. It also opened two new Cosentino Cities.

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