The Board of Directors approves the Consolidated Interim Report as at 30 June 2022

On the sidelines of today’s Board of Directors meeting, Group CFO Pierre La Tour commented: “The results approved today depict an undoubtedly positive situation, but it’s necessary to maintain a cautious attitude for the immediate future. In the recent months there has been a slowdown in demand as a result of the conflict in Ukraine, persistent pandemic conditions extreme volatility in the financial markets and the evident persistence of unfavourable conditions on raw materials and logistic, which are obvious distorting factors that will inevitably affect our results. We are suffering from the negative repercussions of the sanctions applied to the countries involved in the conflict in Eastern Europe; economic sanctions -as such – also have negative repercussions on the way we do business and therefore on our short-term prospects. Internally, the One Company project continues, with renewed determination, which is focused on the following directives: the simplification of business processes, the increasingly important structuring of markets, and the digitalisation of the Group. From a financial point of view, we continue to have a very positive situation, which will be able to support growth both internally and externally. We will not give up investment in research and development, just as we will continue to expand and strengthen our international presence. The implementation of new technical solutions and the increasing connectivity of our products are an irreversible process and part of our DNA. We focus our attention on the concepts of sustainability and social responsibility, elements that generate concrete value and vehicles for improving our performance.”
 

• Group Backlog 386 million euros

• Net revenues more than 419 million euros (+18.3% vs June 2021)

• EBITDA 53.7 million euros - margin 12.8% - (+30.9% vs June 2021)

• Net Profit 19.4 million euros

Read the entire press release on https://www.biessegroup.com - Investor Relations area