Iberchem Group Reports Record Revenues For 2018 Fiscal Year
- Scentium Flavours
- 14 February, 2019
- Categories: Sin categoría
Iberchem Group, today announced financial results for the full year ended December 31, 2018. Despite major disruption in the supply of several raw materials, the Spanish Group closed the year in line with the objectives of its business plan. The company reported revenues of €146 million, representing a net increase of 16 percent on a like-for-like basis while increasing its EBITDA generation.
2018 has been a fruitful year for the Group. In April, it completed the acquisition of South Africa’s Versachem, specialized in flavours and colorants. Over the fall, two new facilities were unveiled: a production center in Bangkok, Thailand and a creative center in Mumbai, India. Finally, in December, Scentium revealed it would expand and revamp its R&D facility at head office.
“Both our divisions have made notable progress in achieving the milestones of our current expansion plan,” says Ramón Fernández, CEO of Iberchem Group. “Although these actions were time and effort consuming, and despite hikes in raw materials, the Group successfully delivered strong top-line growth and maintained a positive business momentum. Once more, the Group confirmed its well-known agility and capacity to swiftly adapt to unforeseen events, to the advantage of our customers.