Biesse S.p.A. 1Q 2016 net consolidated revenues were Euro 117.6 million (+4.3% compared with the same period of 2015), as the company said in the press release received by Lesprom Network.
1Q 2016 net profit of Euro 3.1 million (-19% compared with the same period of 2015) representing a margin on revenues of 2.7% (3.4% in 2015) with a tax rate of 47.1% (40% in March 2015).
Gross operating profit (EBITDA) was Euro 9.6 million (-17.1% compared with the same period of 2015), representing a margin on revenues of 8.2% (10.3% in 2015).
The Biesse Group General Manager Biesse Dr. Stefano Porcellini said: “We started the 2016 with a growing quarter, for revenues and orders intake, having the highest backlog in our history (Euro 163 million). We are a bit in late for what is regarding the turnover at the end of March. This is affecting the EBITDA and EBIT, but this late will be made up starting from the next quarter meeting the business plan target (turnover growth rate around 10%) even for the profitability”.
The positive trend in order intake continued for the Group (machinery) through the 1Q 2016 with a total increase – compared with the same period of the previous year - of 5.5%. The total order backlog also increased by 31%, the value of which amounted to more than Euro 163 million.
Biesse S.p.A. offers modular solutions from the design of turnkey plants for large furniture manufacturers to individual automatic machines and work stations for small and medium enterprises and the design and distribution of individual highly technological components.
