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Approved the consolidated quarterly report at 30 September 2021

On the 29 October 2021 the Board of Directors of Biesse S.p.A approved the Report for the 3rd Quarter 2021, also examining the YTD consolidated results as at 30 September 2021.

“Although evident factors of instability and uncertainty remain at the international level, - said the Group CFO Pierre La Tour – the Group's achievements in these first 9 months undoubtedly paint a positive picture. What we are going through, albeit requiring a prudent and cautious attitude, seems to be a phase of generalised and consistent recovery, providing us with a bright outlook, at least for the immediate future. Following the directives contained in the Three-Year Business Plan approved 30 July last, we have decided an important acquisition, strategic for us in the glass sector, in order to complete and expand the product range in the high end of the market. As far as Research and Development investments are concerned, we can confirm that these will always remain at the core of the Group's projects and will not be reduced in any way; the cornerstone of our strategy is to develop the digital paradigm and all the technological innovations that can impact our target sectors”.

  • Order intake:+74% vs 2020 and +31.6% vs 2019

  • Backlog: 291 Euro mln, +37.1% vs Dec. 2020 and +48% vs Dic.2019

  • Consolidated sales of the 9 months increased vs 2020 (+32.9%) and vs 2019 (+3.1%)

  • Strong increase for the marginality (EBITDA & EBIT) vs 2020 and vs 2019

  • Net profit 35.4 Euro mln. (6.7% of the net sales) - 2.4 x 2019 net result

  • Acquition of the 100% Forvet Costruzione Macchine Speciali S.p.A. (glassentr)

Read the full press release on http://www.biessegroup.com - Investor Relations area.

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