IMA Group posts net revenues of €1.5 billion

IMA Group is continuing its growth, closing 2018 with net revenues of €1,500.4 million, 13.6% up on the €1,320.2 million registered in the year to 31 December 2017.

Export share stood at around 90%, with excellent performances in all areas of the world. The other economic indicators also saw significant growth. EBITDA totalled €253.6 million (15.9% up on the €2,188 million to 31 December 2017), while EBIT reached €210.1 million (13.1% up on the previous year’s €185.8 million). Operating profit also rose sharply to €124.6 million (+25.3%), as did group profit (+21.5%). The consolidated order book totalled €941.5 million (up 16.7% from the €806.8 million of 2017).

Contributions to this positive performance also came from the newly acquired companies Petroncini, TMC and Ciemme, consolidated respectively as of the months of April, May and July 2018, which reported total revenues of €64.7 million (period April-December).

The parent company IMA posted net revenues of €715.7 million (up from €620.1 million in the year to 31 December 2017), EBIT of €89 million (€71.1 million in 2017), and operating profit of €62 million (€187.8 million in 2017).

Thanks to the consistency of the order book to 31 December 2018 and the continued strong performance of orders in the first two months of the current year, the Group is forecasting 2019 revenue of around €1.58 billion and EBITDA of approximately €260 million, as well as a significant increase in net income.

According to Alberto Vacchi, Chairman and CEO of IMA, “The exceptional results owe much to our strong commitment to digitalisation and to the technological excellence we export all over the world. We will also pursue our growth objective through an acquisition policy. We recently signed an agreement to acquire 70% of Spreafico Automation and 61.45% of the Argentine firm Tecmar, thereby completing our range of machinery for the coffee sector. The merger by incorporation of the wholly-owned subsidiary Fillshape S.r.l. into IMA S.p.A. also came into effect as of 1 January 2019.”