Balta: Rug sales rise by 48%

Information

The Balta Group breathes a sigh of relief: Europe's largest manufacturer of textile floor coverings, which at times was hit very hard by the economic consequences of the  Covid  pandemic, reports a 19.5% jump in turnover for the first half  of 2021 compared to the same period last year, to EUR 318.3 million.  EBITDA jumped by 142.2% to EUR 44.2 million.  This is the fourth  consecutive quarter of revenue and profit growth for the Belgians.  While the two divisions Rugs and Residential recovered significantly  with +48% and +27%  respectively in the first six months of the  year, the Commercial sales division continues to struggle with the  consequences of the Covid 19 crisis and recorded a renewed decline of  7.4  %.

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