Balta expects sales to drop by 16 per cent
Due to the restrictions caused by the Corona pandemic, Balta Group expects its sales to slump by 16% to EUR 562 million in 2020. In a preliminary balance sheet report, Europe's largest manufacturer of textile floor coverings also expects an EBITDA of EUR 68 million for the past financial year, which translates into a decline of 9 %. With a view to the fourth quarter of 2020, however, the group is optimistic and speaks of a significant recovery of the business situation. In this period, EBITDA improved by 41 % compared to the same period of the previous year.
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