ORAPI’s Board of Directors, which convened on 13 March 2017, under Chairman Guy Chifflot, announced the results of 2016’s consolidated accounts.
Having decided to implement its own distribution, the ORAPI industrial group has, in three years, finalised the acquisition of three companies, which will now be integrated into the ORAPI Hygiene brand. This restructuring caused the group to give up part of its turnover. At the end of 2016, it settled at €248.09M (at current scope and exchange rates).
However, this new high-profile industrial and commercial platform in Europe enabled the Group, in an uncertain market environment, to stabilise its operations and gain a foothold in multi-year, major account deals (including the UGAP - Union des Groupements d’Achats Publics) in France and abroad.
The Operating Results were back in the black at €+3.24M after €-1.59M in 2015. After corporate taxes and finance charges, Bottom Line figures (Group’s share) only show a limited loss of €-1.10M.
« At the end of this 2016 period, in a complex economic context, we met our objectives and gained ground on all economic indicators. The accomplishment of this first phase of transformation will enable us to pursue our growth and the creation of the most sophisticated group of high-tech consumable solutions and products. »
Guy Chifflot, Chairman and CEO, ORAPI Group