Pfleiderer Group
Sales increased in the first quarter

The German Pfleiderer Group, the leading manufacturer of surface materials for the furniture and construction industry in Europe, reported a positive result in the first quarter of 2018: As reported by the company, consolidated sales amounted to euros 268.8 million (+ 6.5%). ), Ebitda euros 36.5 million (+ 18.5%) and net income € 7.3 million.
It is important that the Group has achieved sustainable growth through the sale of high-margin, value-added products, which is also supported by rising sales of basic products.
In the first quarter of 2018, Pfleiderer invested a total of 12.7 million euros in the expansion of production capacities and increased competitiveness. Investments for 2018 are expected to be around 75 million euros under the new development strategy for improving margins. By the end of 2021, Pfleiderer intends to increase Group sales to around 1.2 billion euros and the Ebitda margin to 16% in order to strengthen its leading position in Europe. One of Pfleiderer's biggest investments in the first quarter of 2018 was the opening of a new paint shop at the Leutkirch (Germany) plant with an investment volume of 12 million euros. The new facility uses a "hot coating" system to produce value-added products such as PrimeBoard and Duropal HPL Compact Exterior.