Farhadian Farhadian
28.07.2021

Fibre manufacturer Radici reports 6.7 per cent decline in turnover

Information
Radici Group, Italian manufacturer of chemicals, engineering plastics, and fibres for carpeting and nonwovens, among others, closed the 2020 financial year with total sales of EUR 1 billion, down 6.7%. However, EBITDA increased by 4.4% to EUR 173 million, and operating profit after depreciation and amortisation even rose to EUR 87 million: an increase of 8.1% compared to 2019. Headquartered in Bergamo, the company employs 3,000 people and operates in 15 countries.

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