Italian industrial gas company, SOL S.p.A, has reported a growth in sales volumes across the board in its latest financial quarter results, despite the current “volatile and uncertain economic framework.”
In the first quarter of 2016, SOL recorded an overall increase of 4.4% in sales, with volumes reaching a consolidated net profit of €170.6m ($194.5m) compared to €163.4m ($186.3m) in the same quarter in 2015.
The corporation attributes this positive result to an increase of 6.4% in sales conducted abroad, which totalled €88.8m ($101.2m) this quarter, whilst national sales across Italy were also up, growing by 2.2% to reach €81.8m ($93.2m).
Our target is to pursue the growth of sales and to continue our investment programme, sustaining development, diversification and innovation
Of these sales, its Technical Gases Division showed the smallest growth of 1.5%, settling at €84m ($95.8m), but sales across its Home Care Division soared by 7.4%. Operating through its wholly-owned subsidiary, VIVISOL, SOL generated sales of €86.6m ($98.7m) in this sector.
Marco Annoni, Vice-President of SOL, signified, “We consider the results achieved in the first quarter of 2016 in a positive way. It confirms the capability of SOL to grow in a complicated economic framework.”
Aldo Fumagalli Romario, Chairman of the Monza-based business, outlined objectives for the year ahead, “In the year 2016, our target is to pursue the growth of sales and to continue our investment programme, sustaining development, diversification and innovation.”