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March 21, 2016

Italian woodworking giants, SCM&Biesse, achieve considerable growth in 2015

Italian woodworking giants, SCM&Biesse, achieve considerable growth in 2015

Italian woodworking machinery giants have reported a considerable growth in 2015. One of the giants of the industry, the SCM Group, held its press conference with the 2015 results on the 17th of March 2016 as part of the 18th Holz-Handwerk trade fair in Nuremberg, Germany.

The SCM Group is a leading producer of technology solutions for the woodworking industry. The Group, headquartered in Rimini, Italy, includes 20 overseas branches, 3 main production centres in Italy with total area of 600,000 square meters, and over 3,000 employees, 1,000 assistance technicians and over 350 distributors and agents operating in 120 countries.

"We are extremely pleased with the 2015 results. We closed the year with over 500 million Euro in sales, a 10% growth compared to 2014, and with 56 million of gross operating margin, a net profit of 17 million and debt down to zero," said Andrea Aureli, the SCM Group Chief Executive Officer.

SCM"We also recorded significant achievements in overseas markets, which account for 90% of our business. We opened three new branches in Dubai, Kuala Lumpur and the U.S. West Coast, expanding our already widespread international network," he continued.

“With our Woodworking Machinery Division – whose offering addresses the entire secondary wood processing sector, with a market value estimated at 3,300 million Euro – we have reached a turnover exceeding 380 million Euro, a brilliant result which places us as the second player in the sector. The Division’s turnover has increased by 23% compared to 2014, with over 17,000 machines sold," said Mr. Luigi De Vito, Director of the SCM Group Woodworking Machinery Division

Biesse reports 21.5% increase in sales

Biesse, the second global manufacturer of woodworking machinery, reached sales of EUR 519.1Biesse1 million that represented an increase of 21.5% compared to 2014 (EUR 427.1 million). EBITDA in 2015 reached EUR 64.1 million compared to EUR 40.9 million in 2014 for an increase of 52.9%.

This important improvement in 2015 allowed the Italian machinery manufacturer to improve its profit by 52.9% reaching EUR 21.1 million, compared to EUR 13.8 million in 2014. All geographical markets grew in 2015 led by North America (+51.9%) and Asia Pacific (23.0%). The company, according to its latest 3-year plan, expects to reach EUR 704 million in sales in 2018.

On the basis of the results achieved it seems fair to say that in 2015 Biesse has significantly outperformed the indications given for its core sectors, both in terms of order intake and in terms of growth in its production order book. Total order intake for the Biesse Group in 2015 was 17.8% higher than in 2014, while the order book totalled more than Euro 141 million at end-2015 (+21.5% compared to 2014).

In the breakdown of revenues by division, the Wood Division was responsible for 73.2% (72.5% in 2014), Glass/Stone Division for 15.6% (15.5% in 2014), Mechatronics Division for 14.2% (14.8% in 2014) and the Tooling Division for 2.0% (2.3% in 2014).

2015- A good year for the Italian woodworking industry

Overall, the year 2015 will not be remembered as a season of records, but for the Italian woodworking technology industry last year was undoubtedly better than expected. The trends based on the positive figures of the preliminary balance published by the Italian machinery and equipment manufacturers association (Acimall) show encouraging signals.

Production of the Italian woodworking industry has increased to Euro 1,790 million, 7.2% more than Euro 1,669 million in 2014, when the industry had already achieved an excellent increase by 8.6% over 2013. The trend towards the restoration of pre-crisis levels (in 2008 the Italian industry turnover exceeded Euro 2 billion) is clear and consistent. Export remains the key strength of the Italian woodworking companies: in 2015, they managed to increase shipments by 6.8% as compared to 2014.






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