Q4 2006)
• Added Value: 48.6 million (+4.7% vs. Q4 2006), 37.4% of revenues
• EBITDA: 19.8 million (-10.1% vs. Q4 2006), 15.3% of revenues
• EBIT: 16.6 million (-13.2% vs. Q4 2006), 12.8% of revenues
• Pre-Tax Profit: 15.9 million (-17.4% vs. Q4 2006), 12.3% of revenues
• Net Profit: 10.6 million (-10.5% vs. Q4 2006), 8.2% of revenues
As of December 31, 2007, the Net Financial Position of Biesse S.p.A. was positive for 1.1 million, down 13 million from the same period in 2006. This figure reflects several extraordinary features of the fiscal year (such as acquisition costs and an extraordinary dividend paid in December 2007), totaling more than 40 million, which more than offset the positive cash flow from normal operations.
Biesse S.p.A.’s Board of Directors has also approved a new Three-Year Industrial Plan. Following 2007’s positive results, and given the major industrial projects in which Biesse plans to make sizeable investments in the immediate future, the Board approved estimates for revenues and profitability for the three-year period covering 2008-2010.
The plan calls for attaining consolidated revenue of approximately 550 million by 2010 (a 2008-10 CAGR of +5.8%), while for profitability, the plan provides for an expected 2010 EBITDA and EBIT exceeding 97 million and 82 million respectively, with Net Profit of around 51 million. In the three-year period, with Capex of over 70 million, total free cash flow generated by Biesse is projected to reach around 105 million before dividend distribution and the financial impact of a buyback plan deliberated in January.
Under this plan, Biesse has started a buyback of its shares, valid for 18 months for up to 10% of the share capital. Biesse currently owns 85,016 of its own shares (3.1% of the maximum total of the buyback plan).
New Three-Year Plan Targets
2008-2010 CAGR (compared to 2007 data):
• Net Revenue: +5.8%
• EBITDA: +7.1%
• EBIT: +8.2%
• Net Profit: +9.8%
Biesse Report Q4 2007 Result
Date: 15 February 2008
Source: Biesse America
The Board of Directors of Biesse S.p.A., a global leader in wood, glass and stone fabrication equipment and parent company of Biesse America, Biesse Canada, Intermac America and Intermac Canada, recently announced the following financial results for fiscal 2007’s fourth quarter, ended December 31, 2007: • Net revenue: 129.7 million (-2% vs.