Biesse America records strong revenue growth in first half of 2016

 Tuesday, August 9, 2016

Biesse Group had achieved astounding success in the financial year of 2015-2016. But if the Consolidated Report for the First Half is anything to go by, facts and figures show that the Group is continuing to surpass its previous year’s also in the first half of 2016.

 
Biesse Group’s General Manager, Stefano Porcellini was pleased to announce: “We must underline the extraordinary ability of the Biesse Group to produce organic sales growth, i.e. €283.4 M (+15.4% in the first half of 2016 compared to the previous year with an astounding +24.9% in the second quarter), albeit in the presence of numerous political and economic challenges at the global level. We achieved a 16.1% increase in order intake and recorded a record high order backlog: over €178 M in value for growth of almost 28%, all corroborated by net cash generation exceeding all expectations, so much so as to virtually cancel debt at the end of June.”

 
The secret to this constant growth lies in the Group’s ability to invest in strategic assets, first and foremost in human capital which is growing hand in hand with the increase in the Group’s turnover and which now exceeds 3,450 employees, excluding temporary staff.

 
Revenue growth in North America during the first half of 2016 was astounding: +35.2% over the same period in 2015.

 
CEO and President of Biesse America, Federico Broccoli says, “The overall results communicated in the Group’s 1st Half Report also fully represent the particular situation in the North America and Canada: turnover and orders growing; an expanding workforce, especially at the technical level; a new and spacious Campus in Charlotte, a unique example of its kind, which is attracting visitors from all over the country, offering them a complete pre-sales or simply informative experience through dedicated events and meetings. These are the premises that will allow us address the IWF trade fair in Atlanta from 24 to 27 August 2016 with the greatest enthusiasm, where Biesse will participate with a stand of over 17,000 sq ft, increasing the display area by 40% compared to the previous edition, confident to continue in this wake of successes also on this occasion.”