ITALIA – The Biesse Group, a global leader in woodworking technology, reported that sales revenues as of 30 September 2020 (9M-2020) amounted to € 396.4 million, down 22.4 per cent on 2019.

The decline was seen across all reference geographies, ranging from -16% in Eastern Europe to -27.6% in North America. Western Europe was once again the Group’s largest market, generating € 180.2 million in turnover, i.e. 45.5% of the total.  The Wood and Glass/Stone Divisions fell by 22.6% and 25.6% respectively and their share of consolidated turnover remained substantially unchanged (Wood: 71.7%; Glass & Stone: 17.2%).

The above-mentioned drop in volumes was reflected in the operating result for the period, as indicated by EBITDA, which amounted to € 37.5 million, down by 34.4% compared to 9M-2019.

Order intake fell by 21.3% year-on-year, an improvement compared to the 36.1% decline at the end of the first semester 2020.

The Wood Division fared the worst (-26.3%), while the other divisions suffered single-digit contractions (Glass -9.2%, Mechatronics -8.2%, Tooling -5.2%).