The Board of Directors of IMA spa, a leading company in the production of automatic machines, which met today under the chairmanship of Alberto Vacchi, has read the preliminary estimates of the main management figures for 2014.
In strong growth have proved to be the consolidated revenues preliminaries they have achieved quota 854,6 million euros (+12,3% compared to 760,9 million at 31 December 2013), the gross operating margin (EBITDA) before non-recurring charges increased to 131,6 million euros (+16,2% compared to 113,3 million at 31 December 2013), the gross operating margin (EBITDA) increased to 130,3 million euro (+16,3% compared to 112 million at 31 December 2013) and the order book consolidated which reached 525,9 million euros (+15,3% compared to 456,3 million at 31 December 2013).
Preliminary final estimates for 2014 indicate a year of further growth compared to the previous year, thanks to the positive trend in sales of automatic machines to the reference sectors (pharmaceuticals e food). THE'net financial debt preliminary results of the group as at 31 December 2014 decreased to 118,4 million euro (130,4 million as at 31 December 2013), despite the dividends distributed during 2014, which totaled 46,6 million euro, and the disbursement for the acquisition of the minority stake in the ILAPAK Group of approximately 23 million euro.
When commenting on preliminary final estimates for 2014, Alberto Vacchi, President and Chief Executive Officer of IMA, declared: “We express our satisfaction with these results, which are higher than the already announced targets, which outline a year of further growth compared to the previous year. Preliminary estimates show an excellent trend in revenues, profitability and the consolidated order portfolio, thanks to the growing demand for machines and complete lines from the pharmaceutical and food industries. We also highlight the excellent result in terms of cash generation which allowed for a significant reduction in debt, despite the outlay for the purchase of the minority stake in the ILAPAK Group of approximately 23 million euro. Results that once again confirm the strength of the IMA brand, the solidity of the Group and the ability to pursue pre-established objectives, with a view to sustainable growth, based on continuous product innovation. Thanks to the recent agreement for the acquisition of the Dairy business of the OYSTAR Group, IMA is preparing to become one of the most important groups worldwide in the food packaging sector. We look forward to 2015 - concluded the President of IMA - also in consideration of the high consistency of the consolidated order book which provides good visibility on the current year.”
The final results for the 2014 financial year will be reviewed by board of Administration of IMA SpA summoned for the 13 March 2015.
