ITALY - In the first three months of 2017 Biesse Group's sales amounted to EUR 161.5 million, sharply up, +37.3%, compared to the same prior-year period when they reached EUR 117.6 million.

EBITDA reached EUR 21.6 million, up 125.0% compared with the same period of 2016, representing a margin on revenues of 13.4%. Net profit for the 1Q-2017 of EUR 9.4 million rose 203% compared with the same period of 2016, representing a margin on revenues of 5.8%.

“We started the 2017 with an extraordinary first quarter versus the 2016 same period; however it’s correct to underline that the next quarters results will converge towards the ones stated in the three years plan. That being stated, we are particularly strengthened by this nice begin, especially at the biennial fair eve (Ligna – Hannover May 22-26) regarding the wood segment; the Group has realized best of ever turnover, margins and N.F.P. regarding a first quarter,” stated Stefano Porcellini, Biesse Group General Manager.

Biesse Group Results

January - March 1Q. Million EUR