# INTERVIEW: Fox Marble Holdings – 2018 Results, stability, visibility and new orders

- Link: https://www.directorstalkinterviews.com/interview-fox-marble-holdings-2018-results-stability-visibility-and-new-orders/412784381
- Published: 2019-06-07T06:58:56+01:00
- Author: Giles Arbor

**Fox Marble Holdings** (LON: FOX) CEO Chris Gilbert joins DirectorsTalk to discuss
2018 preliminary results. Chris explains the key factors that drove the results,
why revenues are still low, progress through 2019 and what we can expect throughout
the year.

Fox Marble Holdings, is a marble production, processing and distribution company
in Kosovo and the Balkans region.

Its marble products, which includes Illirico Bianco, Illirico Selene, Grigio Argento
and are gaining traction globally both to international wholesale companies as well
as being supplied directly into luxury residential properties. In the UK these include
among others St George’s Homes and Capital and Counties Plc’s Lillie Square development.
In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble 
have been used in what is expected to be Australia’s most expensive residential 
property. These sales serve to demonstrate the desirability of Fox’s premium marble
products as the stone of choice in some of the most prestigious and expensive residential
developments around the world.

Fox Marble holds 40 year mining licences for six separate marble quarries with a
maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 
billion. Fox has taken three of the six sites into production (the Drini and Maleshevë
quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues 
to increase production. Notably, Fox has access to over 300 million cubic metres(
over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the
construction and real-estate industries, on which Fox is looking to capitalise.

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