Biesse Group announced approval of quarterly results through September 30, 2016, reporting substantial growth in all areas. In comparison to September 2015, Biesse Group has increased performance across the board with some of the main highlights being an increase of +13.5% in order intake, +16.5% increase in backlog and whopping +19.5% increase in consolidated revenues.
Mr. Stefano Porcellini, Group General Manager stated that, "The results for the period to 30 September and the trend for the current quarter indicate that 2016 will – once again – be a record year for Biesse Group revenues, which should grow by about 15% compared with the previous year, approaching our extraordinary target of EURO 600 million. All business segments are increasing their market share, thanks to our innovative and reliable product range and a distribution and service network of which we are extremely proud, and in which we continue to make substantial investments to accompany our clients ever closer to the challenges set by INDUSTRY 4.0".
The comparison of results with the same period of 2015 reveals an increase in the contribution from the North American market with an increase of +13.5% in its share of consolidated revenues (September 2016 vs September 2015) despite the political and economic tension and uncertainties related to the U.S. elections. As a consequence of these results the North American market accounted for 17.2% of Biesse Group consolidated revenues at 30 September 2016.
“We continue to believe the secret to this constant growth lies in the Group's ability to invest first and foremost in human capital. Another key factor is our continued commitment to investment in R&D, allowing us to develop innovative technology designed not only for the large shops but also to bring Industry 4.0 solutions to the smaller shops as well,” said Federico Broccoli, Wood Division/Sales Director and CEO/President of Biesse America and Biesse Canada.
Today, Biesse Group is present in North America with 5 official showrooms (Charlotte, Anaheim, Toronto, Montreal, Vancouver) thus ensuring a widespread presence throughout the region and offering customers the opportunity to test drive the most advanced technology the industry has to offer through a 360° experience. Among these showrooms, worthy of special mention is the Charlotte Campus, inaugurated April 2016, an impressive 66,800 sq ft complex - of which, almost 30,000 sq ft is showroom space. Here there is a wide range of Biesse and Intermac machines under power and ready for demonstration with a market value of nearly $5M. This facility is also home to an advanced training center and an exemplary modern spare parts center. All this makes the Biesse Group Charlotte Campus possibly one of the largest tech-centers in North America and among the top 5 in the world. Please contact us at 704-357-3131 or at email@example.com for more information.
This section of our site contains news from the CMA and our Members. We run press releases received on a space available basis.
Stay in Touch
Sign up to receive our monthly e-newsletter.