Economics by Tile International

22/02/2018

Pamesa Group posts 26% turnover growth in 2017

2017 was an exceptional year for Castellón-based Pamesa Group with double-digit growth in all its economic indicators.

Consolidated turnover soared by 26% to 584 million euros compared to 464 million euros in 2016, a result that surpassed the group’s own forecasts of 520 million euros. Pre-tax profits totalled 51.1 million euros (13% up on the 45.2 million euros of 2016), an increase achieved through higher sales volumes along with economies of scale and improvements in productivity and energy efficiency.

Total ceramic tile sales reached 72 million square metres (compared to 68 million sq.m in 2016), with an export share of 73% (52.5 million sq.m).

In 2017 the group led by Fernando Roig also made record investments of 63 million euros (bringing total investments since 2014 to 183 million euros). These largely served to increase the production and logistic capacity of the facilities of Tau Ceramica, a company purchased in May 2016, where a fourth kiln was recently installed and a fifth is due to be started up in the spring.

The group has also seen a significant increase in total number of employees - 1,738 at the end of 2017 compared to 1,369 in December 2016.

Pamesa Empresarial Group also operates in the spray-dried raw materials, chemical products and energy sectors and in 2018 aims to post a consolidated turnover of more than 630 million euros.