The Fantoni Group, producers of office furniture, sound-absorption and partition systems, particleboard and MDF panels, says it closed 2007 with remarkable financial results, with total turnover of e354.234m, an increase of 15% compared to the previous year.
The result, which was in line with the company’s forecasts, matches a significant increase in cash flow, which at e30.636m shows an increase of 17.45% compared with 2006. However, Fantoni says the most remarkable achievement is seen in the net profit which, at e4.979m, shows an increase of 134.64% compared with 2006.
This reflects the result of increased sales of particleboard and MDF on the domestic market and significant contributions from the Slovenian company Lesonit and the Serbian one Spik Inverica, said managing director Paolo Fantoni.
Mr Fantoni also praised the positive progress at subsidiary Patt, a company specialising in sound absorption panelling.
