2016 international financial data analysed by the Acimac Research Department reveals that the Italian ceramic tile industry continued its process of consolidation and posted significant growth in 2016. The results were especially positive compared to those of companies in the rest of the world.
More than 80% of the Italian companies in the ACIMAC international sample posted turnover growth in 2016 (compared to 61% in 2015), while the equivalent figure for non-Italian companies was just 59.5%. Likewise, comparing the profitability of Italian companies with that of their international counterparts, 85% of Italian companies are generating a profit, compared to 79.3% in the Rest of the World category.
The Italian results reveal widespread acceleration in turnover growth (up by more than 5%), a process that has intensified since the previous year. Despite slower growth in investment, there has been a significant upturn in productivity; with productivity per employee up by more than Euro 10,000 on average.
There has been a further reduction in the average stock of finished products in Italy, indicating that market demand is nearly balanced with production capacity.
Source: Acimac/Machinery Economic Studies (http://www.mec-studies.com)
Coventry-based Capitol Tile Supplies Limited, which fell into administration on 8th November 2018 following insurmountable financial difficulties, has been sold...Continue Reading
Marylebone, one of central London’s most celebrated areas, will serve as a hub of design-driven activities during its debut as...Continue Reading
Stone Age has brought out a versatile new range of porcelain tiles featuring fresh and modern designs. Suitable for both...Continue Reading