IMOLA, Italy – Cefla’s total sales reached $525 million (468 million Euros) for the year, a gain of 5.5 percent as the company marked its 85th anniversary.
The Cefla shareholders' meeting approved the 2016 financial statement, its best ever and continuing an upward trend begun five years ago. Net profits also gained 9.4 percent compared to 2015, despite high investment levels throughout the year. Employment levels also rose, with workforce numbers touching 1,900, an increase of some 200 over the last three years.
“We're delighted to be able to present this record-breaking financial statement on the 85th anniversary of our founding and look forward to the tough challenge of maintaining and improving on that performance in the future,” said Cefla's president, Gianmaria Balducci. “Cefla has a long history behind it. Today, it remains as dynamic and future-oriented as ever thanks to an unshakeable commitment to innovation and the sharing of know-how and research among our business units.”
Overall, sales on foreign markets account for some 70 percent of all Cefla Group sales. See http://www.cefla.com.
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