RDM sees sales and profits improve in Jan-Sept; production resumes at Ovaro mill in Italy
BRUSSELS, Nov. 8, 2018 (PPI Europe) -Reno De Medici (RDM) has recorded sales of Euro 444.8 million ($506.7 million) for the first nine months of 2018, up 3.5% on the year-earlier period. This came despite a fall in sales volumes from 766,000 tonnes to 756,000 tonnes.
The increase was mainly due to the consolidation of PAC Service, an Italian cartonboard sheeter and processor that RDM took over in January, and to higher sales prices which the group said more than offset the decrease in quantities sold.
Operating income soared by 104.2% to Euro 32.9 million for January-September and net profit by 104.3% ...