Stable revenue development for Arbonia in financial year 201
Net revenue including discontinued operations (Condecta and Forster Profile Systems) of CHF 1378.5 million (+38.5% in comparison with the previous year)
Net revenue from continuing operations of CHF 1245.6 million (+35.9% in comparison with the previous year)
- Market expectations regarding revenue achieved or exceeded
Arbon, 23 January 2018 – Arbonia's net revenue including discontinued operations (Condecta and Forster Profile Systems) reached CHF 1378.5 million in 2017, which corresponds to an increase of 38.5% in comparison to the previous year. When adjusted for currency and acquisition effects, growth amounted to 1.5%, achieving or even exceeding market expectations regarding revenue. The companies of the Looser and Koralle Groups, which were consolidated for the full year for the first time, contributed significantly to the solid performance.
The net revenue from continuing operations (without Condecta and Forster Profile Systems) increased in 2017 by 35.9% to CHF 1245.6 million. On a pro forma basis (including the door business of the Looser and Koralle Group), Arbonia achieved a growth of 2.6%, when adjusted for currency and acquisition effects. This growth was achieved in a financial year, which was marked by production facility relocations, rising raw material prices and the integration of the Looser door business and the Koralle Group door business. Due to a strong 4th quarter, the growth of the continuing operations in the second half of 2017 amounted to 5%.
Arbonia's Sanitary Equipment business has reached a strategic size and importance, meaning the Arbonia Group has decided to split the Building Technology division starting in 2018 into two business units: the HVAC Division (Heating, Ventilation and Air Conditioning) and the Sanitary Equipment Division.
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Net revenues 2017
Arbonia Group organisation chart (January 2018)