Biesse projects sales of € 906 million by 2020

ITALY - The Board of Directors of Biesse S.p.A. has approved the updated version of the Group business plan covering the three years 2018-2020, which will maintain a strong focus on investments in innovation, services and marketing / commercial activities.

772BIESSEAccording to the plan, sales revenues are estimated to grow an average of 9.5% yearly and to reach EUR 906 million in 2020 with an EBITDA margin of 14%. As 2017 came to an end, Biesse reported sales of € 690.3 million, up 11.6% over the 618.5 million in sales reached in the previous year.

“The business plan is based on the excellent results of the 2017 financial year”, commented the Director General, Mr Stefano Porcellini, “that demonstrated growth in consolidated revenues +11.6% vs 2016, an increase in operating profitability and strong cash flow generation, EBITDA margin of 12.9%, which gave the Group a positive net financial position of more than EUR 30 million. Today we have approved a plan that is a continuation of the preceding plan and is based exclusively on organic growth.”

772BiessePlanENG

772BiesseRENG

Notifix-Logo-transparent-300px

NOTIFIX (r) is a registered trademark of Comfix S.A.S. NIT 830.067442-1.
Carrera 11 No. 82 - 38, Oficina 302, Tel. 571 312 304 6082
Bogotá, Colombia

Follow Us

Notifix-Google-icon

This website uses cookies. We use cookies to personalize content and ads and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners who may combine it with other information that you have provided to them or that they have collected from your use of their services. You consent to our cookies if you continue to use this website.