Consolidated Financial Results at 30 September 2022
The Board of Directors of Biesse S.p.A. approved the consolidated financial report at 30 September 2022 during the meeting held in Pesaro on October the 28th.
Group backlog 372 mln euro (+27.8% vs september 2021)
Net sales growing up to 613.4 mln euro in first the 9 months (+16.4% vs september 2021)
Rising even the EBITDA 70.8 mln euro (+14.4% vs september 2021)
Net Profit 24.8 mln euro (35.4 mln euro september 2021)
On the sidelines of today’s Board of Directors meeting, the Group C.F.O. Pierre La Tour commented: “The persistent international uncertainties and instability do not allow us to project positive scenarios for the immediate future, despite the brilliant economic and financial performance achieved in the nine months of this year.
The tensions concerning the main raw materials and the increased cost of energy are obvious distorting factors that cannot but have impacts on our results. To complicate, the forecast of a substantial slowdown in demand and the reappearance of the inflation that may leads to increases in interest rates.
There are also inevitable negative repercussions - both direct and indirect - arising from the sanctions applied to the countries involved in the conflict in Eastern Europe, while it is becoming increasingly necessary to monitor epidemiological developments worldwide.
Internally, we are continuing with the implementation of the One Company project, because we believe that a re-organization of the Group structure also introduces greater flexibility stimulating rapid simplification of the business processes.
The permanently positive net financial position supports our decision to continue investing in the product development; we will invest in implementing new technical solutions that focus on increasing connectivity and automation."