ITALY – The Board of Directors of Biesse S.p.A. approved the update to its three-year 2015-2017 business plan as a result of the initiatives included and following an analysis of the international macro-economic situation.

According to the update business plan, annual compounded growth in consolidated revenues will be 8.1%, with an absolute value of Euro 540 million in 2017. Under this new plan by 2017 EBITDA should reach Euro 71 million with an EBITDA margin of 13.1%.  The new plan also includes total investments in excess of EUR 53 million in the three year period of 2015-2017.

“The business plan has evolved beyond that of the 2014 financial period” – commented the General Director of the company, Mr Stefano Porcellini – “when revenues were approximately 427 Euro million and the order inflow was over 20.1% higher than that of 2013, even though the economy growth has yet to show sustained growth. This performance has provided the point of departure for the approval today of the initiatives that will support further Group growth in the three-year period 2015-2017, when the focus will more than ever be on innovation and on investments in the commercial/marketing area.

Biesse Business Plan

Million EUR