RDM’s H1 sales get boost from Barcelona Cartonboard acquisition
BRUSSELS, Aug. 8, 2019 (PPI Europe) -Reno De Medici (RDM) has posted sales of Euro 362.2 million ($404.5 million) for the first half of 2019, up 17.6% on the year-earlier period.
The increase was mainly due to Barcelona Cartonboard, which contributed Euro 67 million to the total sales figure. RDM acquired the Spanish firm on October 31 last year.
Excluding Barcelona Cartonboard, sales decreased by Euro 12.6 million, due to weaker demand for both white-lined chipboard (WLC) and folding boxboard (FBB), and following a reduction in sales prices.
RDM reported that average sales prices for WLC showed a slight decrease when compared to ...