Italy's Interpump may exceed 2023 targets after Q1 sales

Interpump SpA

15/05/2023 12:01

May 15 (Reuters) - Interpump  ITPG.MI  said on Monday it
could exceed its guidance for 2023, after the Italian pump
maker's sales rose in the first quarter.
    "All indicators known to us indicate that 2023 will be
another good year, quite possibly outperforming the guidance,"
Executive Chairman Fulvio Montipò said in a statement.
    The company, which makes pumps for industrial uses including
crop spraying and car washing, said in February it saw sales
growth of around 5% in 2023 and a core profit margin of about
22% in the period 2023-2025.
    Net sales for the first three months were 592.3 million
euros ($652.00 million), up from 488.7 million a year ago.



($1 = 0.9084 euros)

 (Reporting by Carlo Giovanni Boffa, editing by Cristina
Carlevaro)
 ((carlogiovanni.boffa@thomsonreuters.com; +48 58 746 90 05;))