The Reno De Medici Group ends the first half of 2016 recording a positive result, with net profit at Euro 4.7 million, compared to Euro 6.9 million reached in H1-2015, when it benefited from an exceptionally favourable market environment.
As at June 30, 2016, the RDM Group revenues from sales amount to Euro 216.3 million, vs. Euro 226 million in the H1 of the previous fiscal year.
As at June 30, 2016 Gross Operating Profit (EBITDA) is Euro 17.4 million, compared to Euro 23 million in H1-2015. The EBITDA change is basically due to two drivers: weaker market scenario compared to the previous year, and lower production in the Arnsberg mill, following the investment carried out in April 2016.
In H1-2016 Operating Profit (EBIT) totalled Euro 6.7 million, compared to Euro 10.6 million in H1- 2015.
The Reno De Medici Group is the leading Italian and second-ranked European producer of cartonboard based on recycled material.