Biesse updates 2015-2017 business plan

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Biesse/RS/IHB
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The Board of Directors of Italian woodworking company Biesse S.p.A. approved the update to its three-year 2015-2017 business plan as a result of the initiatives included and following an analysis of the international macro-economic situation.

According to the update business plan, anual compounded growth in consolidated revenues will be 8.1%, with an absolute value of Euro 540 million in 2017. Under this new plan by 2017 EBITDA should reach EUR71 million with an EBITDA margin of 13.1%. The new plan also includes total investments in excess of EUR 53 million in the three year period of 2015-2017 .

In EUR million

 201520162017
Sales 478 514 540
EBITDA 53 64 71
Margin EBITDA 11,0% 12,4% 13,1%

Source: Biesse

 

“The plan is starting from the solid basis coming from the the 2013, that Biesse closed substantially in line with those of the previous year but with an incoming orders result for the 7.8% better than the 2012, in spite of an economic climate that remains clouded by stagnation, the credit crunch and an increase in risk relating to emerging market economies.” – commented the General Director of the company, Mr Stefano Porcellini.

“From this starting point we have approved the necessary initiatives and projects to guarantee the development of Biesse during the three year period 2014-2016, focusing more than ever on technological innovation and extending our commercial reach. The plan that has been approved anticipates average growth of 7% in the three year period, though it is more prudent for 2015 (in particular for the first half) – where we expect to encounter increased risk relating to so-called emerging economies - confidence is higher for the two-year period 2015-16 that we believe could benefit more from the expected recovery in the economic cycle,” he added. 

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