Deceuninck 2016: growth continues. Sales: EUR 670.9m (+4.1%), (Deceuninck NV)
(WorldNews Belgium)

(Source: Deceuninck NV) Press release Regulated information - 2016 results Under embargo until Thursday 23 February 2017 at 7:00 a.m. CET Deceuninck 2016: growth continues. Sales: EUR 670.9m (+4.1%), REBITDA: EUR 65.1(+16.5%) and net result: EUR 21.0m (+ 57.1%) Sales grow 4.1% to EUR 670.9m driven by strong business development especially in Turkey and US, which is partially offset by the decision to phase out certain low margin products. Negative FX largely compensated by price increases. Strong performance in Turkey despite challenging market conditions. Outlook Turkey remains uncertain, however both IMF and OECD forecast continued real GDP growth. REBITDA increased to EUR65.1m thanks to higher...