Panariagroup Industrie Ceramiche S.p.A. announced consolidated and standalone earnings results for the full year ended December 31, 2016. For the year, on consolidated basis, the company announced revenues from sales and services of EUR 377.045 million compared to EUR 342.910 million for the same period a year ago. Net operating profit was EUR 19.066 million compared to EUR 11.097 million for the same period a year ago. Pre-tax profit was EUR 16.523 million compared to EUR 9.251 million for the same period a year ago. Net profit for the period was EUR 11.215 million compared to EUR 5.865 million for the same period a year ago. The sales increase was generated by the conquest of market shares in terms of volumes, while prices remained in line with the previous year.

For the year, on standalone basis, the company announced revenues from sales and services of EUR 189.273 million compared to EUR 172.838 million for the same period a year ago. Net operating profit was EUR 2.514 million compared to net operating loss of EUR 3.601 million for the same period a year ago. Pre-tax profit was EUR 3.959 million compared to pre-tax loss of EUR 0.679 million for the same period a year ago. Net profit for the period was EUR 3.339 million compared to net loss of EUR 1.103 million for the same period a year ago.

The company announced that the expectations for 2017 are positive, both in terms of turnover and of profitability.