LEADING textile fibre producer in Italy RadiciGroup declared 2015 results that showed sales at EUR 1.011m, down by 1.37 per cent against 2014, largely as a result of lower raw material costs that reduced sales prices. Sales by volume were up by 3 per cent and the gross operating margin rose strongly by 37 per cent to EUR 103m. The strong performance allowed debt to be slashed to EUR 183m from EUR 231m a year earlier. Synthetic fibres and nonwovens alone accounted for sales of EUR 458m. Click here for more details of 2015 performance.
Apparel was among the end-uses that represented the most important market segments for the company’s fibre products.