Biesse S.p.A. announces that Dr. Massimo Potenza, a non-independent director, has resigned from his position as Chief Executive Officer and General Manager to explore new professional opportunities.
Today, the Board appointed Chairman Roberto Selci as the new Chief Executive Officer, granting him the same powers as Dr. Massimo Potenza.
Biesse CEO resigns after net revenues decrease of 21.7% in Q1 2025.
“The macroeconomic climate, which is marked by severe uncertainties, has significantly influenced Biesse Group's sales since 2024 and continued to affect this quarter's results,” as the Company said in the press release .
Q1 2025 consolidated net revenues were Euro 153.3 million (-21.7% compared to 1Q 2024). EBITDA Adjusted was Euro 4.4 million, equal to 2.9% of consolidated net revenues (8.6% in 1Q 2024). EBIT Adjusted totaled Euro 4.7 million, equal to -3.0% of consolidated net revenues (+3.9% in 1Q 2024).
In view of the Biesse Group's financial results for the year 2024 and the Q1 2025, the Board of Directors has reviewed the current relevance of the 2024-2026 Three Years Plan, as presented to the market on 28th February 2024.
In particular, the Board of Directors noted that the current economic situation, together with the serious uncertainties stemming from the geopolitical and macroeconomic context, meant that the earnings and financial targets contained in the Three Years Plan 2024-2026 were no longer deemed achievable.
The Biesse Board of Directors has resolved to withdraw the Three Years Plan 2024-2026, reserving the right to adopt a new business plan in the future, when the market context becomes more stable.
BIESSE is an international manufacturer of integrated lines, machines and components for the processing of wood, glass, stone, plastics and composites.
