ITALY – Net sales revenues reached €162.3 million in 1Q-2018 for the Biesse Group, a global leader in wood processing technology, an increase of 0.5% compared with the same period of 2017.

EBITDA was €19.8 million representing a margin on sales of 12.2% and net profit totaled €8.1 million equivalent to a margin on sales of 5.0%.

The positive trend in order intake continued for Biesse Group through the first quarter of 2018 with an increase of 10.5% compared with the same period of the previous year. The total order backlog also increased by 24.2% to €234 million.

“Differently from the previous financial year, the results of the 1Q-2018 are in line with those of 1Q-2017 (a record quarter with results up 37% year-on-year on a like-for-like basis). Nevertheless, the actual order intake (+10.5% compared to 1Q-2017) and the orders backlog (€234 million, a record level for the Group, the highest in the history) means that we are confident we shall reach the targets of our industrial plan. As in 2017, revenues in 2018 and therefore growth in profitability, will increase quarter by quarter starting from the next quarter and bring results in line with targets”, commented Mr. Stefano Porcellini, the Group General Manager, following the Board meeting.

In the breakdown of revenues by the Group’s business segments, the wood division remains the predominant segment (70.4%) compared to both glass/stone (16.4%) and mechatronics (15.5%).