Italian industrial gas corporation The SOL Group has reported a rise in sales volumes across the board in its latest financials, driven by an increase in international business.
In the first nine months of 2016, SOL achieved a growth of 4.2% in sales volume compared to the same period in 2015, primarily propelled by an increase in non-domestic sales of 6.5% amounting to €275m ($300m).
Sales also improved domestically in Italy over the nine-month period, growing by 1.9% to €247m ($270m).
Its Technical Gases Division also posted growth of 2.1% reaching €256m ($279m) and sales in its Home Care Division, in which the group operates through its subsidiary VIVISOL, were €267m ($291m) marking a 6.2% increase.
“Our target is to pursue the growth of sales, continuing the investment programme and sustaining the development, the diversification and the innovation”
Aldo Fumagalli Romario, SOL Chairman
Marco Annoni, Vice-President of SOL S.p.A, praised the positive results which “confirm the capability of SOL group to grow in a difficult economic framework.”
SOL’s Chairman Aldo Fumagalli Romario outlined the company’s objectives for the rest of the year and stated, “In the year 2016 our target is to pursue the growth of sales, continuing the investment programme and sustaining the development, the diversification and the innovation.”