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Turbon sees €107.9 million revenue in 2014

March 30, 2015

Tturbon logohe remanufacturer reported its results for the financial year, with increases seen in income and earnings.

Reuters reported on the latest results, which included earnings before tax in the 2014 financial year of €10.7 million ($11.6 million), compared to the previous year’s €5.9 million ($6.4 million) – a growth of 81 percent. In turn, the company’s revenue for the year reached €107.9 million ($117.2 million), a growth of 43 percent compared to the previous year’s €75.4 million ($81.9 million).

Consolidated income for the full year came to €7 million ($7.6 million), an increase of 118 percent after €3.2 million ($3.4 million) in the previous year, while it predicts that in 2015, it will see consolidated sales of €105 million ($114 million) and profit before tax of €6.5 million ($7 million). In November 2014, the remanufacturer reported improved third quarter results including an increase in group sales, net income and earnings before tax.

The company reported in August 2014 that both turnover and operating profit figures for the first half of 2014 were “in line with […] expectations and confirm the positive […] trend” after its acquisitions of ILG and Clarity in 2013, and it acquired PBTI’s remanufacturing business and partnered with Embatex in 2014 as well.

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