“Engineering's net profit will certainly exceed 50 million euros, but the precise number is still difficult to define, because it is linked to a series of factors that occurred in 2013”. This was stated by Armando Iorio, general manager of Engineering, on the sidelines of a conference on ICT organized by the company today in Florence. As for the other numbers of the preliminary balance, they were already released this morning and the company's share on the Stock Exchange immediately achieved an increase of more than 7 percentage points.
CEO Paolo Pandozy then specified that Engineering is looking at new acquisitions, “but all abroad, not in Italy. In Brazil, for example, there are more investment opportunities than last year”.
Pandozy also had words of praise for the agenda dictated by the new premier, Matteo Renzi, in his keynote speech to the Chambers: “For us it was like reading a book of dreams – said the CEO -. The total release of payments to the PA, the cutting of the wedge by acting on IRAP, the launch of the digital agenda: if everything is true, the results we have achieved up to yesterday will certainly be surpassed".
“The engine of Engineering is research – concluded Pandozy – we have 250 people dedicated exclusively to research. The secret is all there, investing in research and training. The speed of innovation is decisive. Employees must be continuously updated”.
As for the results published this morning, 2013 was “a year that ended very well – concluded Pandozy -. This crisis began in 2008, when we had a turnover of 450 million. Today we have the GDP of 2000, while despite the period we have gone through we have managed to grow by investing in research and innovation. It is a moment of crisis but also of transformation, I think we have been able to interpret it”.
