Axactor ends the year with high growth and margin expansion
Axactor continued its profitable growth journey at the end of 2019, reporting growth in all business segments for both the fourth quarter and full year. Gross revenue increased by 32% to EUR 99 million for the fourth quarter and by 54% to EUR 368 million for the full year. EBITDA was up 22% to EUR 24 million in the fourth quarter and doubled to EUR 92 million for the full year, whereas cash EBITDA increased by 50% to EUR 67 million in the quarter and by 84% to EUR 251 million for the full year. Earnings before tax amounted to EUR 8.5 million for the quarter and EUR 32.6 million for the