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Biesse had a successful 2022

 Thursday, April 6, 2023

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A good 2022 for Biesse has been recorded despite several challenges and uncertainties in the market. The well-known Pesaro-based group specialising in the production of woodworking technologies: consolidated net revenues exceeded €822 million (plus 10.8 percent compared to 2021 and plus 28.2 percent compared to 2020) and value added is over €342 million (plus 9.6 percent compared to 2021) with a 41.6 percent incidence (42 percent in 2021). Ebitda exceeded 90.6 million euros (plus 13.7 percent over 2021) with an 11 percent incidence (10.7 percent in 2021) and Ebit 50.7 million euros (45.7 million euros in 2021) with a 6.2 percent incidence (6.2 percent in 2021)

Slight decrease in net income, which from 34.2 million euros in 2021 stood at 30.3 million euros with a 3.7 percent incidence. Tax rate exceeded 27.2 percent (15.6 percent in 2021).

“The results achieved during the past year and approved – commented following the Board of Directors’ meeting the group’s cfo Pierre La Tour – bear testimony to how Biesse has taken full advantage of the global demand for capital goods, closing 2022 with volumes that represent record levels and performances that are significantly in advance versus those considered in the Strategic Plan. This performance – which is per se very satisfactory since it compares with a year 2021 which was already exceptional – represents a solid starting point for the current year. Nonetheless, the current scenario imposes the adoption of a cautious approach.

However, uncertainties in establishing a stable source of supplies remain, whilst the cost dynamics linked to production and difficulties in continuing to intervene on sales prices, represent a point of attention on profitability that has been factored in the current year’s objectives. Nonetheless, we remain convinced to achieve targets defined in the 2021-23 Strategic Plan. Being unable to govern exogenous inflationary pressures, we will continue to pursue efficiency actions within our structure, in continuity with the execution of the One Company project, introducing a higher level of flexibility and a swift simplification of our processes.

We will continue to promote innovation and research since we are convinced that these are essential characteristics, implementing new technical solutions that are based on connectivity and automation, for a sustainable development. The positive cash situation represents an important element to sustain our organic growth and our planned expansion through acquisitions”.

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