Investor Presentation • Feb 26, 2016
Investor Presentation
Open in ViewerOpens in native device viewer
page 2-6 : Group descripion – purposes & beliefs
page 7-18: who - how – where – with – innovation – reliability – sustainability
page 19-22: excellence – more revenue – more profit – more cash
page 23-28: business model (production/delivery/products) – customers
page 29-61: strategy (wood/glass & stone/mechatronics)
page 62-68: the future in figures
page 69-87: annex
Biesse Group is a global leader in the technology for processing wood, glass, stone, plastic, advanced materials and metal.
Founded in Pesaro in 1969 by Giancarlo Selci, the company has been listed on the Italian Stock Exchange (STAR) since June 2001.Starting from October 2015 Biesse is included in the Mid-Cap segment.
2
2016-2018 3-Years Business Plan
We believe in challenging standards, in thinking forward and in acting differently. Creating advanced technologies and beautifully-designed solutions is the key to transforming our beliefs into real value.
We shape our Customer dreams.
Since 1969, we have tirelessly dedicated ourselves to creating value for our customers first and foremost.
"…back when we were simply producing machines, I was talking with a dear friend, and realised that the rough, imprecise way he was working was ineffective, and above all, dangerous to his personal safety.At that moment, I recognised a need for change, and immediately understood that we could do something we could introduce innovative new ways of working, automate processes, and above all, create safer working conditions. A new kind of machine was about to be born".
Founder and CEO
Forward-thinking automation and software solutions to help our customers leverage the fourth industrial revolution.
Meeting tomorrow's demands today.
2016-2018 3-Years Business Plan
| h W o w e a r e |
1. 1 G t t r o u p s r u c u r e I n H o w h W e r e i h W t W e |
8 9 1 0 1 1 1 2 1 3 |
l 1. 2 O V u r a u e s i I t n n o v a o n l i b i l i R t e a y i b i l i S t t s a n a u y l l E x c e e n c e |
1 4 1 5 1 7 1 8 1 9 |
i 1. 3 O B u r u s n e s s d l M o e l d K n o w e g e l i D e v e r y d P t r o c s u C t u s o m e r s |
2 3 2 4 2 5 2 6 2 7 |
|---|---|---|---|---|---|---|
| l i E t o o n v u j o u r n e y |
d 2. 1 M t o r e p r o u c s d W o o h i M t e c a r o n c s l G & S t a s s o n e d d i l A M t v a n c e a e r a s |
3 1 3 3 4 1 4 8 5 3 |
l i 2. 2 M t o r e s o u o n s i S e r v c e S t y s e m s b i S t e u |
6 5 5 8 5 9 6 1 |
i 2. 3 C B t e s s e u s o m e r i E x p e r e n c e N t t e a r o c s o m e r s u l h d F t t e e e p r o u c s l C T t o a a r e d i d P t r e c y o u r n e e s |
6 3 6 4 6 7 0 7 7 1 |
| f O t r r e u u u f i i n g r e s u |
3 1 M o r e r e v e n u e s A n n e x |
3 7 7 9 |
f i 3 2 M t o r e p r o s |
6 7 |
h 3 3 M o r e c a s |
7 7 |
| * |
We manufacture machines and components for wood, glass, stone, plastic and metal processing throughspecialised business units and 8 manufacturing sites in Italy and worldwide.
industrial group
1
business divisions
4
production sites
Growing investments in R&D have enabled us to create software programs that have simplified the management of CNC machines, improving our customers' processes revolutionisingmarket standards.
more than200
Patents duly registered
We support our colleagues everywhere in the world, using the most advanced management, sales and support system. Our global network enables us to be always close to our customers.
branches and representative offices
We
Our Human capital.
more than3,150
employees throughout the world (temporary workers included)
3-Years Business Plan 2016 - 201813
Our values/
Biesse, the perfect combination of innovation and italian creativity.15
generates
Some of our leadingtechnology solutions:
Our values/
to enhance trustand
Satisfied
Partners
Trusted & Loyal Winning & Committed Growing & Qualified Employees
Fairness to all stakeholdersMutual trust and transparencyUnrestricted and clear communicationsSharing of knowledge and experience
2016-2018 3-Years Business Plan
Investors
Our values/ 2016-2018 3-Years Business Plan
to get widespread goodwill andstrong reputation.
Society
Environment People
Regulation
Financial
Only the culture of strictly adherence to good compliance can keep our Group ahead on sustainable basis.18
We makeTop-quality Italian products
We deliver top-quality, dedicated solutions worldwide
KnowledgeDeliveryProductsCustomers
Our Business Model / Wide offering for a wide Customer base
02
WOOD
We create engineered solutions, from plant design to production, implementation, installation and maintenance
04
We design, manufacture and distribute a comprehensive range of machinery and technologies for processing wood, glass, stone and, in recent years, plastics.
We create customized diamond and binder mixes for stone and glass processing machinery.
2016-2018 3-Years Business Plan
We design, manufacture and deliver high-tech mechanical and electronic components for machinery.
03
PLASTIC
| k I e a |
b i C L u e u c n e |
i b i S G t a n o a n |
|---|---|---|
| d H o w e n s |
L a g o |
i l k i P t n g o n |
| i M t e a s o n |
i F a m |
i d i F a |
| l b i i C G o o m n r o u p |
d O n s r u |
l h G ö t a s r s c |
| i C V t e n e a c n e u |
i H e a n |
i C t o s e n n o |
| l d l i G R o a n e r n g |
d S a u e r |
|
| T Y P E O F C U S T O M E R S |
||||||
|---|---|---|---|---|---|---|
| i J o n e r s f k l M a e r s o a r g e f i i t t u r n u r e e m s i d d d W n o w s a n o o r s d b i l d i W o o u n g |
l k G a s s w o r e r s b l k M a r e o r e r s w i d W n o w s i F t r n r e u u i h i K t c e n c o m p a n e s |
d h i W o o m a c n e r y d p r o c e r s u l i A u m n u m h i m a c n e r y d p r o c e r s u |
||||
| i d c o m p a n e s a n f t m a n u a c u r e r s |
d f t a n m a n u a c u r e r s |
l i h i P t a s c m a c n e r y d p r o c e r s u l h i M t e a m a c n e r y |
27
producers
We reinforced our industry-leading position, increasing our market share in the actual products segment.
We successfully introduced electrospindlesmachine tools for metals
.We enhanced our product offering and became more competitive on the market.
We successfully transferred our product knowledge to the new business unitand achieved great results.
Wood Division Estimated CAGR 2015-2018
12
9%
Mechatronics Unit Estimated CAGR 2015-2018
G&S Division Estimated CAGR 2015-2018
4%Market Estimated CAGR 2015-2018
5%Market Estimated CAGR 2015-2018
7%Market Estimated CAGR 2015-2018
78%
Plastic & A.M. Division Estimated CAGR 2015-2018
Our strategy in actionThink4ward
1
Enhance R&D for innovative solutions (technologies and new materials) 2016-2018 3-Years Business Plan
02
0
03
9
%
Expand the product range: renovation and completion of the range of machines
Improve product reliability, renew existing product range
Wood Division Estimated CAGR 2015-2018
4%
Market Estimated CAGR 2015-2018
Market
2015
Market
Size
Whole market potential
€3.3bn
share 2015
34
Looking forward, we expect the market to continue grow at about 3.7 times the reference sector average growth rate.
The competition in the current market is consolidated. We are the second leading company in the sector. Main competitors are located in Germany andin Italy. The most important of theseare HOMAG (29% estimated market share) and SCM (7% estimated market share). Estimated worldwide market
CUSTOMERS
Strategy in actionsThink4ward
Targets
Maintain and reinforce our leading position in the glass sector
Expand our offering in new product segments
03
Increase our market share in the stone segment, reinforcing our leadership in this area
G&S Division Estimated CAGR 2015-2018
7%
2016-2018 3-Years Business Plan
Market Estimated CAGR 2015-2018
In the near future, we anticipate that the glass processing market will grow at about 3.7 times the reference sector average growth rate.
Main competitors are located in Italy and they are CMS, Bottero, and Hegla.
CUSTOMERS
"Bicefalo" marble sculpture MarmiFontanelli
43
Market The competition in the current market is consolidated. We are among the leading Competitors 2015Stone€600mln Estimated worldwide market share 2015Market Size
Looking to the future, as the in the wood sector, we expect the market to continue to grow at about 3.7 times the reference sector average growth rate.
companies in the sector and we intend to reinforce our positioning. Main competitors are located in France and in Italy and they are CMS, Bretonand Thibaut.
CUSTOMERS
Whole market potential
4Strategy in actionsThinkward
Targets
01
Maintain and reinforce our leading positioning in the Wood- Aluminum- Plastic (WAP) sector
02
Reinforce our partnership with our current customers
03
Diversify into other sectors, continuing to expand our presence in the metal sector and replicating our WAP standards of excellence in new sectors
5
10%
Mechatronics Unit Estimated CAGR 2015-2018
Market Estimated CAGR 2015-2018
%
FocusStrategy in numbersMetal Sector 5,6 mln/€ 2015 target
15mln/
2018 target in metal sector
€
6,7 mln/€ 2015e Result
2016-2018 3-Years Business Plan
+19,7%
36
on target
Our expansion in the metal segment has shown that we have the capabilities to successfully extend our areas of competence and compete in new sectors.
We will continue to invest in R&D in order to identity new product expansion opportunities in other sectors.
Targets
37
In the near future, we anticipate that the spindles market will grow in line with the reference markets of WAP and metal working machines.
Markets Our mechatronics division is currently the leader in the WAP (Wood Advanced Materials*, Plastic) spindles sector. We recently entered the metal spindles sector. Our main competitors are from Germany. They are KESSLER, IBAG, GMN, Competitors , , WEISS (Siemens), FISHER PRECISE Estimated and STEP TEC. worldwide market share 2015
MarketSize
2015
*Advanced materialsCarbon FiberFoamComposite
AlluminiumTitanium
Whole market potential €1.1bn
(WAP + Metal + G&S)
CUSTOMERS
Competitive
Offering
Biesse Group directly designs and manufactures all high-tech components for its machines. Through our Mechatronics Unit, we guarantee our technological independence.
The vocation of our Mechatronics Unit is continuous innovation. Until a few years ago, our business activity was focused on creating and selling mechanical components.
Competitive Advantage Offering structure Now, we create and sell smart devices and smart mechanical components Our devices interact with the machinery to support predictive logics with regard to functionality, performance and preventive maintenance of the machines, and of the factory as a whole.
Our technologically-advanced offering, Our ability to introduce innovation into the market -These are our Competitive Advantages.
Sector
Diversification
Offering structure
Our Mechatronics Division is the trailblazer for expansion into new sectors.
We successfully entered the advanced materials* & plastic processing machinery sector, thanks to our dedication to constant innovation.
Through our capability to create top-quality solutions, we also successfully entered the metal electro-spindles sector.
Our Mechatronics Division is the key to breaking into new sectors and diversifying our business.
Offering
*Advanced materialsCarbon FiberFoamCompositeAlluminiumTitanium
Product
Offering structureInnovation
Offering
0
0
2
1
We Combined 2 Axis Heads and Direct Drive Technology
We will introduce new electro- spindles models to enhance our offering in the metal sector
Strategy in actionsThink4ward
*Advanced materialsCarbon FiberFoamCompositeAlluminium
Targets
Titanium
3 mln/€ 2015 target
mln/€ 2015e result
2016-2018 3-Years Business Plan
%
44
Our successful entry into the plastic & advanced materials sector confirms our capability to diversify into new sectors through our innovative Mechatronics Division and our consolidated expertise.
In the future, we will expand our product offering in order to meet the needs of the entire market.
2018e target
Markets The plastic processing machinery market is highly fragmented worldwide and there are not the Competitors 2015Plastic0.9%Whole market potential € 0.8 bln *Advanced CUSTOMERSmaterialsCarbon FiberFoamCompositeAlluminiumTitanium
In the near future, we expect that the market of Advanced Materials* Processing where we insist will double around the GDP grow rate.
same number of companies as in the woodworking machines sector(CMS Industrie - Multicam – Flow Corporation).Estimated worldwide market share 2015 Market Size
Our strategy in action
We are continually strengthening our services worldwide. We continue to invest in the training of our engineers, in order improve the level of service we deliver
We have successfully adopted a Lean Production approach, and have implemented an order management system which covers each stage, from sales to installation.
We have successfully developed new tools to satisfy the majority of our customers' software requirements with a single, integrated solution.
To evolve to Service 2.0: from a "break and fix" approach to a predictive service
To increase our market share in the system solutions market.
To begin to profit from software fees on a yearly basis.
Targets
4Strategy in actionsThinkward Our network supports our customers worldwide. Through Biesse service and Biesse parts, we offer technical services and machine/component spares to businessesanywhere in the world on-site, as well as on-line -24/7.
18,5%
2016-2018 3-Years Business Plan
2018 Target incidence on Net Sales
Targets
4Strategy in actionsThinkward We want to reinforce our positioning and increase our market share, becoming a leading company in the engineering solutions sector.
65mln/€ 2015e results
2016-2018 3-Years Business Plan
2018 Target incidence on Machine Sales
Strategy
0
0
0
1
2
3
Offering
Biesse Systems is a team of sector experts, capable of understanding and anticipating business needs, who work with the customer from inception through to system installation and testing.
From engineering to the manufacturing, from the installation to the after-sales support, we are able to realize complete solutions for our Clients.
Ensure dedicated and highly-specialized services with key accounts for 360-degree customer management
Enhancing our offering of flexible systems
Boost our sales and after-sales approach
Targets
Consolidation, reliability and rationalization. Superior technology for creating synergies in machine automation.2016-2018 3-Years Business Plan
Technological superiority and sustainability. Ensuring advanced, sustainable know-how in order to develop intelligent machines.
Simple, smart software. Meeting growing technological needs through application software and smart apps.
Business software. Business-oriented software to enhance collaboration with our customers' businesses.
%
Potential Software Fees contribution to Net Sales 51
bSuiteOfferingOffering structurePlatform
bPlatformChallenging market standards.
bEdge is a bSuite plug-in, seamlessly integrated for edgebanding planning.
bWindows is a seamlessly integrated plug-in for the planning of windows/door frames.
bNest is the bSuite plugin specifically for nesting operations.
bProcess is the tool that allows in a simple and intuitive way to organize production for a cell of machines.
bCabinet is the bSuite plugin for furniture design.
Our strategy in action
companies that build houses, companies that build furniture, companies that build windows,
companies that buildthe shape of the world.
We want to strengthen our dealer network –this is crucial in helping us to engage our clients.
BCx
Trade
Continue the Trade Markets Investments towards the "Roadmap to success".
Increasemarket share
Hire dedicated resident key account managers &skilled sales force
2016-2018 3-Years Business Plan
54
Focus on growing customers through a production upgrade
04 Strengthen the dealer network and increase the integration
We will continue to expand our global presence - we want to be close to our customers.
BCx
Continue to promote the "Roadmap to success" for our subsidiaries: moving from reactive to proactive, fostering entrepreneurship at all levels, defining market and customer-oriented strategies
Create 3new Clusters of business:
Create 3new Clusters of business:DACH (Germany-Austria-Switzerland)
2016-2018 3-Years Business Plan
55
3New more "aggressive" Sales Matrix
04
0
0
0
1
2
Invest in human resources and capabilities as growth drivers
Overseas
The production abroad is constantly growing in India& China.
BCx
2
0
Local4Global: we want to increase the percentage of production exported worldwide from Asian production sites.
%
562018 Target 20 production abroad quote
2016-2018 3-Years Business Plan
In order to create a 360-degree experience for our customers worldwide, we have designed a roadmap that will help us to increase brand awareness, engage our customers and improve the Biesse customer experience.
BCx
Continue to improve our Showroom, increase the number of events, demos and "Insider"-dedicated events held.
2016-2018 3-Years Business Plan
Improve and strengthen existing showroom events andmeasure their impact on the local market.
6.600m2 Headquarters Showrooms (wood + glass & stone) 13.000m2 Showrooms worldwide 57
We want our customers to see how our products work. We want our customers to touch our products, to understand how they can satisfy their needs. We want our customers to live the Biesse Experience.58
We must be forever present in our sector, and ensure that we are the best.
2016-2018 3-Years Business Plan
Increase the number of events on specific materials for specific audiences ("Made In Biesse")
We want to show our incredible solutions around the world.
+40Fairs and
exhibits worldwide
By demonstrating the perfect functionality of our products and engaging our customers through training and events, we will spread the Biesse Experience worldwide.59
BCx
Nominating "Best Dealers" and "Best Customers" is another way to engage our entire customer base and show how our products work locally through trade shows, dealer openhouse events and Tech Tour plan.
2016-2018 3-Years Business Plan
Customers and dealers taking part in training on Biesse taking in training Products, and how they can exploit the full potential of these.
We want to engage our customers with dedicated events on specific materials.
Demos per Year
Our Total Care package not only contributes to building long-term relationships with our customers – it also exceeds the standards of the packages offered within the industries in which we operate.
Total Care is a multi-year Warranty and Financial Plan currently testing in UK and Canada.
Total Care is definitely not a 'marketing tactic' –it is a long-term strategy designed to make dealing with Biesse an easy, enjoyable and rewarding experience.
01
02
03
04
05
Peace of Mind Total Care enables customers to run their business. Cover for preventive maintenance, breakdowns and even damage due to operator error are all included.
Confidence Our multi-years warranty is based on our excellent machine reliability statistics.
Investment The cost of ownership and the risks normally associated with purchasing and operating capital plants are minimized.
At the end of the 5-year plan, customers can decide to upgrade to a new machine, and the original machine is placed on the second user market, with the benefits of a full service history and increased value.
BCx
We makeSmart Factoryof our Customers.61
We offer innovative solutions with high levels of flexibility, not only thanks to our production logic, but also the ability of our machines to adapt to customer requirements in accordance with the increased availability of information(IoT).
The Internet of Things, transformed from a simple resource to a central element of the Customer Value Chain.
In 2013 we were the first to introduce smart devices to the Wood -Aluminum –Plastic (WAP) sector.
Our working approach evolved from a break-and-fix logic to a more advanced, predictive logic.
Now we want todrive our Customer into the Future.
Ebitda
3-Years Business Plan 2016 - 2018
Continue to strictly controlour Operating Net Working Capital.
Capex
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
| A n n e x f E t t r a c o x |
h P t e |
& L |
h G t r o w R t a e i ho F X t t w u f fe t e c |
3- Ye ars |
ine lan Bu P 2 0 1 6 - 2 0 1 8 s ss |
|
|---|---|---|---|---|---|---|
| l € / m n |
2 0 1 3 |
2 0 1 4 |
2 0 1 5 e |
1 7 % + |
2 0 1 8 e |
T t a r g e s |
| l N t e s a e s 1 e a r - y |
3 7 8, 4 1, 2 % - |
4 2 7, 1 1 2, 9 % + |
5 1 9, 2 2 1, 6 % + |
C G 0. A R 1 7 |
3 + 7 0 4, 1 1, 2 % |
de C O G S cr ea se in i de % Ne t c nc e on les f Sa 1. 2 % o |
| f d l d C t o s o g o o s o |
5 4 1 5 6, 1, 4 % |
2 4 1 7 1, 0, 1 % |
6 3 2 0 5, 9, 8 % |
9 3 2 7 1, 8, 6 % |
hr h fo in t tp t ou g o r im iza ion d t t op a n f f ic ien e cy |
|
| l d d d V a e a e u |
1 4 3, 5 |
1 6 9, 1 |
2 1 2, 9 |
2 9 8, 6 |
||
| % | 3 9 % 7, |
3 9, 6 % |
0 % 4 1, |
C A G R 1 1. 9 % |
2, % 4 4 |
|
| b L t a o u r c o s |
2, 7 2 1 1 9, 8 % |
2 3 2 8, 1 0, 0 % |
8 2 8, 1 4 8, 7 % |
0 2 2 0 3,, 8, 8 % |
2 9 % < inc i de nc e |
|
| h d o e r e a v |
4 2 8 1, 1, 5 % |
7 2 8 9, 1, 0 % |
6 2 1 0 4, 0, 1 % |
0 1 1 3 6, 9, 3 % |
2 0 % < inc i de nc e |
|
| E B I T D A |
3 0, 9 |
4 0, 9 |
6 4, 1 |
9 5, 6 |
||
| % | 8, 2 % |
9, 6 % |
1 2, 3 % |
C G 3 A R 1 4. |
1 3, 6 % |
|
| E B I T |
1 8, 1 |
2 4, 8 |
4 3, 8 |
6 7 1, |
||
| % | 8 % 4, |
8 % 5, |
8, % 4 |
C A G R 1 7, 9 % |
1 0, 2 % |
7 2 |
3-Years Business Plan 2016 - 2018
| l € / m n |
2 0 1 3 |
2 0 1 4 |
2 0 1 5 e |
2 0 1 8 e |
T t a r g e s |
|---|---|---|---|---|---|
| i I t n v e n o r e s les % t s ne a |
2 2, 8 % |
2 3, 0 % |
2 1, 6 % |
1 9, 4 % |
2 2 % < |
| i b l R e c e v a e s les % t s ne a |
2 0, % 1 |
8, 9 % 1 |
2 0, 3 % |
9, % 1 1 |
D S O 6 0 d a s y |
| b l P a y a e s % les t s ne a |
2 9, 4 % |
2 8, 8 % |
2 9, 6 % |
2 6, 6 % |
O 0 D P 1 1 d a y s |
| i k i i l O N W C t t t p e r a n g e o r n g a p a l |
5 1, 4 |
5 5, 6 |
6 3 7 , |
8 3 5 , |
|
| % t n e s a e s |
3 6 % 1 , |
3 0 % 1 , |
2 3 % 1 , |
9 % 1 1 , |
3-Years Business Plan 2016 - 2018
| l € / m n |
2 0 1 3 |
2 0 1 4 |
2 0 1 5 e |
2 0 1 6 e |
2 0 1 7 e |
2 0 1 8 e |
|---|---|---|---|---|---|---|
| h f l G C r o s s a s o w les % t s ne a |
5 2, 1 3, 8 % 1 |
3 8, 3 9, 0 % |
4 6, 3 8, 9 % |
6 4, 1 9, % 1 |
||
| I t t n v e s m e n s les % t s ne a |
9, 9 -1 5, 2 % |
-2 0, 8 4, 9 % |
-2 2 5, 4, 9 % |
-2 0 5, 3, 5 % |
||
| h f l C N t e a s o w les % t s ne a |
3 2, 3 8 % 5 |
1 7, 5 4, 1 % |
2 1, 1 4, 1 % |
3 9, 1 5, 6 % |
||
| d iv i de ds n |
, | 8 -4 , |
-9 8 , ha 0. 3 6 p er s re |
T | t | |
| ha 0. 1 8 p er s re |
f 7 1 % 2 0 1 4 o l t re t ne su |
a r g i i d D v P a y m |
e d e n t e n s |
|||
| b ∆ N D t t e e |
1 2, 7 |
1 1, 3 |
4 0 % o R e s |
f N t e l t u |
||
| b N D t t e e |
2 3 9 - , |
1 1, 2 - |
0 1 , |
4 4 9 , |
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
| 2 0 0 1 |
2 0 1 1 |
2 0 2 1 |
2 0 3 1 |
2 0 1 4 |
2 0 1 5 |
2 0 8 1 e |
|
|---|---|---|---|---|---|---|---|
| du ion Pr t o c f % o l p le tot a eo p |
9 6 5 4 1 % |
1. 2 5 0 4 6 % |
1. 2 6 5 4 5 % |
1. 1 7 5 4 4 % |
1. 2 0 1 4 2 % |
1. 3 3 5 4 2 % |
|
| ice f le Se & A te rv r sa f l p le % o tot a eo p |
5 6 8 2 4 % |
5 7 7 2 1 % |
5 7 4 2 1 % |
6 1 3 2 2 % |
6 2 8 2 2 % |
6 9 0 2 2 % |
|
| R & D f l p le % o tot a eo p |
2 9 3 2 % 1 |
3 6 1 2 % 1 |
3 3 8 2 % 1 |
3 2 1 2 % 1 |
3 6 1 3 % 1 |
3 8 3 3 % 1 |
|
| Sa les & ke ing Ma t r f l p le % o tot a eo p |
3 0 4 1 3 % |
3 6 1 1 3 % |
3 6 4 1 3 % |
3 5 1 1 3 % |
3 9 4 1 5 % |
9 4 5 1 5, 6 % |
|
| G A & f % o l p le tot a eo p |
2 0 2 9 % |
2 3 3 9 % |
2 4 2 9 % |
2 3 5 9 % |
2 5 2 9 % |
2 7 3 9 % |
|
| I T A L Y f l p le % to ta o eo |
1 6 6 0 |
1. 6 5 6 |
1. 6 4 6 |
1. 5 4 7 |
1. 6 0 5 |
1. 7 8 0 |
|
| p O S U T I D E I T A L Y |
7 0 % 7 0 8 |
6 1 % 1. 0 8 1 |
5 9 % 1. 1 3 6 |
5 7 % 1. 1 4 8 |
5 6 % 1. 2 7 6 |
5 6 % 1. 3 9 6 |
5 0 % |
| f % l p le to ta o eo p |
3 0 % |
3 9 % |
% 4 1 |
3 % 4 |
% 4 4 |
% 4 4 |
0 % 5 |
| T O T A L |
2 3 6 8 |
2 7 3 7 |
2 7 8 2 |
2 6 9 5 |
2 8 8 1 |
3 6 1 7 |
7 8 |
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
3-Years Business Plan 2016 - 2018
%
3-Years Business Plan 2016 - 2018
5.0
0.0
-15.0
-10.0
-5.0
10.0
Annex
correlation index 85
average growth rate(historical basis)
* world"furniture" 2016-2018: +2,9%world"new housing residential" 2016-2018: +2,9%world furniture & housing average 2016-2018: +2,9%
«During the year that has just ended, we saw an increase in production of 7.2%, once again characterized by a growth of the export sector to the tune of 6.8%. A positive result was also achieved by the domestic sector, which is clearly recovering from the recent challenges suffered.With regard to expectations for 2016, Acimall anticipates a growth of between 5-10%, conditioned, as ever, by the results of the planned policies of incentivization».
Italian woodworking machineries & toolsmanufacturers associationPress release dated December 16th, 2015 - Extract
«Excellent results were seen for the year 2015, with an increase in production of 12.2%, while consumption of machine tools increased by 31.3% compared to 2014. This was driven in particular by domestic demand, which increased by 45.4% (again compared to the results achieved in 2014) . For 2016, welcomed by many as a good year for the Italian manufacturing industry, an increase in production of 7.2% is anticipated, with particular emphasis on the export sector, which is up by 6.6%. As with other production segments, the contribution expected in the wake of the proposed tax relief legislation (tax incentives) is a decisive factor».
Italian machines tools, robots and automation manufactures associationPress release dated December 15th, 2015 - Extract
biessegroup.com
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.