Heinzel Group reported 7.1% decrease of EBITDA amid 19.1% increase of sales revenues in 2016 y-o-y. According to the announcement, the company’s sales revenues accounted for EUR 1,763.3 million, generating EBITDA of EUR 134.1 million (7.6% margin ) in the period.
Kurt Maier, the Heinzel Holding CEO, commented:
“The successful business result in 2016 represents further confirmation of our diversification strategy and underpins our most important decision during the year, which was the conversion of the PM10 in Laakirchen to containerboard production.”
Earlier Heinzel Group announced EUR 100 million investment into expansion of the Laakirchen paper mill in Austria.
About Heinzel Group:
The company is operating under the Heinzel Holding umbrella. With its subsidiaries Zellstoff Pöls AG, Laakirchen Papier AG and AS Estonian Cell it is ranked among the largest producers of market pulp and magazine paper in Central and Eastern Europe.