IMA: preliminary estimates main operating figures for 2016

1,310.8 million euros in earnings, 185.1 million EBITDA before non-recurring expenses, 179.2 million EBITDA. Also: a consolidated order portfolio worth 766.2 million euros and net debt of 99.9 million euros.

Commenting on the results (the figures are currently being audited by EY S.p.A., IMA’s auditors), Alberto Vacchi, IMA’s Chairman and CEO, declared: «Based on the preliminary results, 2016 looks like being a year of considerable satisfaction for the IMA Group. Consolidated revenues have reached 1.3 billion euros and the preliminary results show a positive trend in profitability, steady growth in the Group order book and strong cash generation, which has permitted a significant reduction in debt.

The Group has strengthened its leadership thanks to a policy of external growth bolstered by an industrial strategy based on innovation and constant monitoring of its markets, which has led to an expansion of the product range and the acquisition of new market shares.
Diversification of the business into related sectors has turned out to be rewarding, with the help of the contribution made by the newly acquired Medtech business and Telerobot, both active in the Automation sector.
There are also good growth prospects thanks to the recent acquisitions completed in the field of machines for the packaging of tea (the acquisition of MAI S.A., a company based in Argentina) and coffee (agreement to buy Mapster and a minority share in Petroncini).

The consolidated order book at the end of December, confirmed by the trend in January, gives us good visibility for the current year, allowing us to look forward with confidence to how 2017 is likely to evolve”.
The final results for 2016 will be considered by the Board of Directors of IMA S.p.A. at the meeting scheduled on 14 March 2017.