ITALY – The Biesse Board of Directors approved on February 21 the Three Years Business Plan for the period 2020-2022.

The Group's three-year plan, approved by the Board of Directors confirms and reinforces a strategy aimed at expanding the digital connected factory to an increasingly diverse target and making automated solutions accessible to all, from small business to large industry, guided by a forward-looking business approach inspired by circular economy and sustainable business thinking.

Based on the Business Plan initiatives and considering the international economic perspectives, moreover, strongly affected by the recent events, the Biesse Group forecasts for the above mentioned period:

- net sales of  € 776 million in 2022

- ebitda €103 million with 13.2% margin on sales in 2022

- improvement of the Net Financial Position (NFP) to +€ 20 million in 2022 - positive delta of almost Euro 40 million between 2019 NFP and 2022 NFP

- scheduled net investments for an amount of around Euro 116 million during the three years 2020-2022

“For the three-year period 2020-2022 we have scheduled net investments of around Euro 116 million. Our strategy will concentrate on our offers by strengthening digitalization and product innovation, as we reorganize processes and expand our sales network, with a special focus on the new business sectors where we have substantial margins for growth,” said the Biesse Group's Managing Director, Stefano Porcellini, when the plan was published.

Specifically, the three-year vision focuses on developing and strengthening the four pillars that have driven the Group's recent success and will remain strategic assets for the future: fortification of the digitalization process, product innovation, network expansion and implementation of the One Company model.