Ovako publishes its Year-End Report 2016
Today Ovako announced its fourth quarter and full year results 2016. For the full year, EBITDA before restructuring costs, improved to EUR 57 (48) million and order intake by 6 percent compared to previous year. Ovako’s restructuring program has delivered savings of EUR 23 million on an annual basis. At the end of the year the group had a liquidity buffer of EUR 88 (88) million.Fourth quarter 2016 (2015) · Order intake increased by 7 percent compared to the previous year · Sales volume was 13 percent higher than in the previous year, and revenue rose by 7 percent · EBITDA
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