2011/5/18

EPC Group: strong growth in business quarterly

EPC Group published last Friday a turnover of 78.1 million euro for its first quarter 2011, up 24.9% over Q1 2010.

At constant exchange rates and constant perimeter, the increase was 18.1%.

In its statement, the producer of industrial explosives says the increase is noticeable in all geographic areas.

In Europe, the activity in winter was significantly less impacted by climatic factors than last year. Turnover is also carried by buoyant markets in Africa and Scandinavia, said the company, knowing that the demolition activity is up sharply compared with 2010.

In conclusion, EPC Group indicates that this increased activity comes at a particularly tense prices on raw materials (ammonium nitrate and fuel oil in particular).

"This factor may have a significant impact on margins will be monitored closely during the coming quarter, " said the group.