PAREX dynamic growth trajectory continued in 2017
“ In 2017 PAREX reached the €1.0 billion revenues, with an increase of +7.7% in local currency and constant scope, delivered a new record EBITDA coupled with a strong Operating Cash Flow generation.
Our impressive annual results, which would not have been possible without the strong team effort of our workforce, make us confident to continue with qualitative and sustainably profitable growth. These strong results are based on sustained organic growth in most of our geographies despite a context of rising raw materials prices, specifically in China where the access to raw materials has been impaired by environmental constraints introduced by the authorities. This growth is supported by the strength of our local brands, our new products launched in each of our 3 business lines and our investment plan in new plants and new production capacity. During 2017, we also completed three acquisitions to reinforce our local positions in India (Apurva) and in the USA (NewYork Stucco – Super-Tek) or to enter new geography with Mortero in Algeria.
As a leading producer of construction chemicals, manufacturer of specialty dry-mix solutions, our goal is to be the preferred partner and provider of solutions to the local building communities. Our strategic priorities remain unchanged: accelerate our investments in fast growing markets, accelerate the cross-fertilization under the drive of our worldwide marketing network, foster and introduce innovations, further optimize our asset base and leverage on economies of scale, maintain our strict financial discipline. Our focused strategy is built to deliver sustainable and profitable growth.”