Sogefi reports revenue increase of 6.3 per cent

Chief executive, Laurent Hebenstreit, says the improvement comes from effective "turnaround actions"

Sogefi reports revenue increase of 6.3 per cent
FRAM range by Sogefi.

In the first nine months of 2017, Sogefi has reported revenues of €1,256.5 million compared to the €1.181.5 million which was recorded for the same period in 2016.

The interim financial report, approved by the Sogefi S.p.A board of directors on 24 October 2017, reveals that the manufacturer has increased by 6.3 per cent.

Sogefi chief executive, Laurent Hebenstreit, said: “Sogefi obtained an improvement in its results for the first nine months despite the car market slowdown in some key countries, which confirms that the turnaround actions aimed at increasing profitability and cash generation have been effective.”

Revenues increased by 2.8 per cent in Europe alone, and are expected to continue growing into 2018.

For further information about Sogefi, click ‘more details’ below.

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