EfTD: Turnover grows 46% to €1.1 billion

29th May 2019 | 0 Comments
 
EfTD: Turnover grows 46% to €1.1 billion
Mauro Pessi says EfTD is working towards building a “modern and competitive distribution platform”

Tyre wholesaler European FinTyre Distribution (EfTD), a Bain Capital company, reports a turnover of 1.1 billion euros for the 2018 financial year, a 46 per cent year-on-year increase. EBITDA reportedly rose 83 per cent year-on-year. This positive net cash flow helped finance its acquisition of RS Exclusiv, which was completed in May 2019 and increased the group’s turnover to approximately 1.2 billion euros. According to chief executive officer Mauro Pessi, the company anticipates a turnover of 1.3 billion euros this year.

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