“We started the 2017 with an extraordinary first quarter versus the 2016 same period; however it’s correct to underline that the next quarter results will converge towards the ones stated in the three years plan. That being stated, we are particularly strengthened by this nice begin especially at the biennial fair eve (Ligna – Hannover May 22-26) regarding the wood segment; the Group has realised best of ever turnover, margins and N.F.P. regarding a first quarter”, stated Stefano Porcellini, the Group General Manager of Biesse.
The Group’s net consolidated revenues of Euro 161.5 million in the first quarter reflected a 37.3 per cent increase as compared with the same period of 2016. In addition, the Group showed value added of Euro 69.8 million (a 37 per cent growth as compared with the same period of 2016), which represent a margin on revenues of 43.2%.
Pre-tax profit of Euro 14.8 million (+150.8% compared with the same period of 2016) represent a margin on revenues of 9.2 per cent while the net profit of Euro 9.4 million (+199.4% compared with the same period of 2016) represent a margin on revenues of 5.8 per cent with a tax rate of 36.8% (47.1% in March 2016).
The Group (machinery) also saw a positive trend in order intake which continued through the first quarter of 2017 with a total increase – compared with the same period of the previous year – of 14.2 per cent. The total order backlog also increased by 3.4% to Euro 188.5 million.