Italy's Interpump forecasts 25% sales growth in 2023-25

Interpump SpA

15/02/2023 12:32

Feb 15 (Reuters) - Italy's Interpump  ITPG.MI  expects
sales growth of 25% between 2023 and 2025, the pump maker said
on Wednesday after meeting its revenues goal of over 2 billion
euros ($2.14 billion) last year.
    The company, which manufactures pumps for industrial uses
including crop spraying and car washing, posted a flat core
profit margin at 23.7% in 2022, it said in a statement, adding
that its pricing initiatives helped offset inflationary
pressures. 
    Along the three-year period to 2025, Interpump sees a core
profit margin of about 22% despite a likely "dilution deriving
from acquisitions in the period."
    Interpump also said its order books suggested it would post
organic growth in sales of about 5% this year.
($1 = 0.9334 euros)
 (Reporting by Alessandro Parodi, editing by Gavin Jones)
 ((Alessandro.Parodi@thomsonreuters.com;))