Italian machinery producer Biesse Group reported Q3 2014 revenues increased 15.1% to Euro 101.6 million

Nov 14, 2014. /Lesprom Network/. Italian machinery producer Biesse Group reported Q3 2014 revenues of Euro 101.6 million (+15.1% compared to Q3 2013), net profit of Euro 2.7 million (3.4 times more then Q3 2013).

The breakdown of consolidated revenues by geographical area reveals growth in Western Europe (+17.6% compared to the same period of 2013 - representing 28.8% of total sales) relating to contingent factors (U.K. orders) and to specific factors associated with the increasing quality of products made in Biesse. The domestic market, Italy, accounts for a stable proportion of consolidated revenues (10.2% of total sales ) although the impact of any potential positive impact of incentives approved or under way have still yet to be felt.

There was a substantial improvement in the volume of Biesse Group sales generated in North America (+18.8%), in Eastern Europe (+28%) and in Asia-Australasia (+8,3%) compared to that reported for the first nine months of 2013. The only market to show signs of slow down was South America (mainly Brazil) where Biesse’s results did not achieved in the rest of the world. In the period ended 30 September 2014, Biesse generated 13.7% the so-called B.R.I.C. regions (Brazil-Russia-India-China) wich was in line with the result for the period to end-June 2014.

The divisional breakdown reveals that the Wood sector accounted for the majority of total revenues (72.0%) of the Glass/Stone and Mechatronics contributions even though the latter is in a strong growth phase.

At 30 September 2014 the aggregate Group order inflow rose by more than 20% compared to the first 9 months of the previous year, while in the third quarter of 2014 alone the order intake rose by 17.3% compared to the same period of the previous year. The Group’s order intake for the first nine months of the year was 30% higher than it was in the same period of 2012.

The Group’s backlog at end September 2014 amounted to EURO 108.2 million (+33.2% compared to September 2013 and +39.2% compared to end-2013). The geographical breakdown of order intake - as well as that of the order portfolio - reflects the geographical breakdown of revenues confirming the continued improvement in demand in the Asia-Australasia and North American markets.

Commenting the results, Stefano Porcellini, the Chief Executive Officer of Biesse, stated: “The results for the first nine months of the year are definetely positive; over the past 18 months we have boldly invested in growth, - despite continuing market unsertainty - and the results have arrived. We are confident in our ability to achieve similarly impressive results for the full year 2014, and remaining faithful to the promises we made to our shareholders and our employees too who, for several months now, have returned to their positions without further recourse to the social lay-off protected procedures."

Biesse Group forecasts full year 2014 revenues of Euro 415-420 million, EBITDA of Euro 40-41 million.

The Biesse Group operates in the market for machinery and systems for working wood, glass, marble and stone. Founded in Pesaro in 1969 by Giancarlo Selci, Biesse S.p.A. has been listed on the STAR sector of Borsa Italiana since June 2001. The Company 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.

The Biesse Group has more than 2,860 employees in its main production sites in Pesaro, Alzate Brianza, Bangalore, Dongguan and its associates/branch offices in Europe, North America, Latin America, the Middle and Far East Asia and Australasia.