For some, the crisis does not exist, or is felt little. Proof of this are three Bolognese companies, true excellences of the territory, listed on the Stock Exchange and with an international character such as Ima, Datalogic and Valsoia.
Let's start with the flagship of the packaging valley, Ima, which closes 2013 with the wind in its sails: net revenues at 760,9 million (+15,8% on 2012); export share at 92% (with excellent results in China, the United States and Europe); gross operating margin (EBITDA) before non-recurring items of €113,3 million (+25,3%); operating profit (EBIT) at 86,6 million (+20,4%); the net result for the period rose to 54,8 million euro (+10,9%); the Group's net result at 51,5 million euro (+8%). Due to these numbers, the dividend that will be proposed to the shareholders' meeting on 29 April also increases: 1,25 euro per share, (thanks to the profit for the year and by withdrawing the remainder from available reserves) to be paid from 29 May 2014.
On the other hand, IMA's consolidated order book as at 31 December 2013 is 456,3 million euros, with a growth of 22,1% compared to 2012 and also in February there is a further increase of 6%. This allows the group to look to the future with optimism and to forecast around 2014 million in revenues for 850 and to estimate an EBITDA of 127 million.
Ima will propose to the shareholders' meeting the renewal of the authorization for the purchase and sale of treasury shares up to the maximum permitted by law. The proposed purchase price is equal to the average of the security in the previous five days (+/-10%), while the sale price will be at least equal to the average of the purchase values. Today Ima owns 5.500 treasury shares.
The results of Datalogic, world leader in the automatic data acquisition and industrial automation markets, were less brilliant. Revenues in 2013 decrease compared to 2012 and fall to 450,7 million (they were 462,3 million), but the fourth quarter shows a great recovery both in terms of turnover (+5%) and in EBITDA (+60%). “2013 – explains a note – was a two-speed year, weak in the first part due to a still slowing macroeconomic context, and progressively improving in the second half thanks to a gradual recovery in demand in all reference sectors. In particular, the retail segment, although still uncertain about the recovery of large-scale investments, has begun to show signs of vivacity again thanks also to the introduction of new technologically advanced products.
Revenues therefore show good stability as does the Gross Operating Margin (EBITDA) which stands at 60 million compared to 63,2 million in 2012 (-5,0%), with a margin of 13,3%”. The group closes with a consolidated net result of 26,9 million compared to 10,2 million in the previous year. The dividend, which will be proposed to the shareholders' meeting on April 23, is slightly up: 16 cents per share, up from 15 cents per share for 2012, "for a maximum amount of approximately 9,4 million with coupon detachment on May 12 and payment starting from 15 May”.
For Datalogic, 2013 was also a year of great changes: in February, the managing director Mauro Borsetto resigned and was replaced by the owner and president of the company Romano Volta. In June, the company obtained a medium-term pool loan for 110 million, with a five-year duration. The Business Development Division was created, with "the aim of satisfying the present and future needs of the reference market, through the supervision of differentiating technologies and the coordination of investments in research and development".
For 2014 Datalogic expects a recovery in the reference markets, "which the two main operating Divisions, ADC and Industrial Automation, will be able to take advantage of by leveraging the important investments made and underway to improve the range of products and to increase the market share in So-called fast growing countries, especially China and Brazil”.
A few days ago Tamburi Investment Partners announced that it had sold, with an accelerated book building operation aimed exclusively at institutional investors, 6,39% of the share capital of Datalogic, at the price per share of 9 euro for a total value of euro 33.605.415 with a gross capital gain (from participation exemption) of 15.766.540 euros.
Tamburi is also a shareholder in the third Bolognese company which has recently approved the 2013 financial statements. Valsoia, whose revenues reached 100,365 million (+7,6%); EBITDA i 12,786 million (+35,6%); net income 9,889 million (+120,2%); adjusted net income 6,902 million (+46,8%); the net financial position is positive for 4,691 million. The proposed dividend is growing: 0,230 euro per share (+35,3%), with ex-dividend date on 5 May. “In the first months of 2014 – claims the company, which specializes in products for healthy eating. – the positive sales trend continued”.
