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Cefla re-appoints Gianmaria Balducci as Chairman

 Thursday, June 9, 2016

cefla new chairmanThe shareholders of Cefla Group held an annual meet on May 30, 2016. During the course of the meeting, a Board of Directors was appointed which will remain in office for the next three years. Heading it will be Gianmaria Balducci, re-appointed as Chairman by the Board.

The new Board consists of: Claudio Fedrigo (deputy Chairman), Nevio Pelliconi, Yuri Della Godenza, and Cristian Pungetti.

The shareholders also approved the final financial statements for 2015. The value of production was 443.406 million euros, an increase over the previous financial year of almost 6%. The EBITDA was 54.346 million (+12.3%), net income was 16.023 million and shareholders’ equity was reported of 228.018 million (+3.75%).

Chairman Balducci said, “We are very satisfied by this performance that confirms the upward trend that commenced four years ago. From 2012 to 2015 the value of production grew by 100 million and shareholders’ equity grew by almost 17 million. A result that is due to the huge commitment of the many people who work in our company and to the significant investments, in product and process innovation, that have enabled us to anticipate the trends and confirm us as a key player in the market in which we operate.”

Cefla operates in different markets through four Business Units (Finishing, Plant Solutions, Medical Equipment and Shopfitting) which remain inter-related through a continuous exchange of knowledge. In this way the progress made in Research and Development is shared and create value for the entire system, at the same time opening up new business opportunities. An example of this is C-LED, a new Cefla company created out of the experience gained in the medical field, which addresses businesses operating in the industrial LED lighting, visual merchandising, interior design and public (outdoor) lighting sectors.

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