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Pamesa Group reports growth in consolidated turnover to Euro 643 million

March 2019

Pamesa Group, one of Spain’s largest ceramic tile manufacturing businesses, registered further growth in consolidated turnover in 2018 to reach Euro 643 million (up 10% from Euro 584 million in 2017).  71% of the group’s ceramic sector revenues were generated by exports, with total export sales amounting to more than 75 million sq. metres of tiles.

EBITDA grew to Euro 90 million despite higher energy costs.  These strong margins will enable the group, led by chairman Fernardo Roig, to press on with its investment plans over the coming years.  In 2018 the group invested Euro 70 million in expanding production capacity and improving logistics, bringing total investments since 2014 to Euro 250 million.  This included construction of a 600,000 sq. metre materials storage area.

One of the year’s most significant individual investment projects involved the installation of 40,000 photovoltaic panels on a total 70,000 sq. metres area on the roofs of the Onda logistics centres.  With the capacity to generate a power of 13.24 MW, this is the largest stand-alone photovoltaic plant built for self-consumption in Europe.

In 2018 Pamesa Group expanded its workforce by 9% to 1,907 employees.  The outlook for 2019 is positive in terms of both revenues and profits.

www.pamesa.com

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