BOLOGNA, Italy — The Board of Directors of IMA S.p.A., world leader in the production of automatic packaging machines, met on 8 August 2018 under the chairmanship of Alberto Vacchi and approved the Group’s results as of 30 June 2018.
The IMA Group closed the 1st half of 2018 with consolidated revenues of 730.1 million euros, an increase of 11.5% compared with 654.6 million at 30 June 2017.
Gross operating profit (EBITDA) before non-recurring charges also increased to
94.2 million euros (89.9 million at 30 June 2017), gross operating profit (EBITDA) to
91.9 million euros (82.2 million at 30 June 2017) and operating profit (EBIT) to 69.2
million euros (62.7 million at 30 June 2017).
Profit before tax increased to 77.8 million euros (57.1 million at 30 June 2017) and net profit for the period to 53.1 million euros (38.1 million at 30 June 2017).
The Group order book has reached 972.8 million euros, showing an increase of 10.5% on the figure of 880.1 million at 30 June 2017, thanks to the completion of numerous negotiations in the Group’s areas of business.
Orders acquired in the first half of 2018 come to 828.7 million euros, an increase of 8.4% with respect to the same period last year.
The IMA Group has closed the 1st half of 2018 with good results in all areas of business, thanks to the positive trend in sales of automatic machines and complete lines to the Group’s key sectors.
Group net debt at 30 June 2018 amounts to 230.5 million euros (221.8 million at 30
June 2017), net of about 68.4 million euros spent on acquisitions.
IMA Group estimates for 2018
The positive results of the first half and the high level of the order book at 30 June 2018,
together with the positive trend in orders, also confirmed in the month of July, allow the company to forecast a further increase on last year.
For 2018, if current conditions are confirmed in the coming months and with the contribution of the newly acquired companies TMC, Petroncini and Ciemme, the IMA Group estimates revenues of more than 1.6 billion euros and a gross operating profit (EBITDA)
of more than 250 million euros.
Commenting on the Group results at 30 June 2018, Alberto Vacchi, IMA’s Chairman and CEO, declared:
“We are satisfied with the results of the first half which show an increase in revenues and profits, accompanied by a strengthening of our competitive positions in all sectors and geographical areas in which we operate.
The consolidated order book is also showing a positive trend, thanks to the high demand for machines and complete lines on the part of our key sectors.
The results of the first six months confirm the Group’s excellent state of health and the validity of the investments that we have made both in product innovation, with a focus
on the IMA Digital program, and in strategic acquisitions aimed at increasing the prod
uct range and value of the Group.
Considering the half-year results and the positive trend in order acquisition, we believe
we can forecast a 2018 in further growth, with an EBITDA that should be higher than
250 million euros”.
