Brief: Biesse Approves 2018-2020 Business Plan, Sees Revenue Of EUR 906 Mln In 2020

Biesse

28/02/2018 13:44

Feb 28 (Reuters) - Biesse Spa  BSS.MI : 
    * SAYS APPROVED UPDATED VERSION OF GROUP BUSINESS PLAN 
COVERING 
THREE YEARS 2018-2020 
    * SAYS  SEES THREE-YEAR ORGANIC CAGR IN NET CONSOLIDATED 
REVENUES 
OF 9.5% (ESTIMATED REVENUES OF EURO 906 MILLION IN 2020) 
    * SAYS SEES THREE-YEAR CAGR OF 10.8% IN VALUE ADDED 
(EXPECTED TO 
REACH A RECORD 43.4% OF REVENUES IN 2020) 
    * SAYS SEES THREE-YEAR CAGR OF 12.7% IN EBITDA (14% MARGIN 
EXPECTED IN 2020) 
    * 2017 CONSOLIDATED REVENUES ARE ESTIMATED TO HAVE RISEN 
11.6% 
YEAR-ON-YEAR TO EURO 690 MLN 
 
Source text for Eikon:  ID:nBIA3tqLF2  
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 (Gdynia Newsroom) 
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