Search
 
Search by year
Search by keyword
Search by sector
Search by category
Find 
Sacmi RSS Feed
Find out how to subscribe to Sacmi RSS feeds
 
5/18/2004
Sacmi releases a buoyant 2003 annual report

Total sales reach € 862 million (+4%.). Board of Directors re-confirmed for the next three years.

Total sales for 2003 stand at € 862 million, a 4% increase on the figures for 31st December 2002. The Sacmi Group’s steadily growing volume of business in 2003 was mostly the result of the world-wide success of self-developed technologies, and, to a much lesser extent, the take-over of new companies. This result is especially positive as it was achieved against a backdrop of international uncertainty, particularly damaging for Italian and other European enterprises having to contend with a strong Euro. The 2003 annual report was approved by the cooperative’s General Assembly, attended by 294 members out of a total of 305. The assembly also reconfirmed the Board of Directors - made up of Domenico Olivieri, Paolo Mongardi, Giuliano Airoli, Dino Zanoni and Dante Pirazzini – for the next three years, doing so by a sweeping majority. In its first meeting, the Board of Directors reconfirmed Domenico Olivieri as President and Dino Zanoni as Vice-President.
Key balance sheet indicators highlight the ongoing success of the Sacmi Group’s diversification strategy: the year 2003 saw an even better balance between sales volumes in the various Group divisions. In 2002 59% of sales was accounted for by ceramic machines and technologies and 41% by other businesses. In 2003, those other businesses - plastics, beverage & packaging, food processing - generated 42% of earnings. Exports continued to play a vital role, accounting for approximately 84% of total sales. However, the uncertainty characterising the world economy generated a fall-off in profitability with respect to the high levels achieved in 2002, a fact reflected in the key financial indicators: gross operating margin (Ebitda) fell to € 68 million, net operating margin (Ebit) was € 41 million.
Over the course of the year, company expansion plans saw Riedhammer, FBR-Elpo and Sacmi Labelling Scm join the Group. Over € 2 million was invested in personnel training and the recruiting of skilled human resources. The Group now has a total of 3215 employees. ”Know-how and technological innovation”, says Domenico Olivieri, President of Sacmi Imola, “were, in 2003 as in other years, the most important strategic factors in meeting the challenge of international competition in various fields, thus confirming the Sacmi Group’s unique vocation for developing unbeatable production systems”.

Back

Corporate News

 
10/5/2017
New SACMI PH8200 Imola series: the smart pressing era begins
Over 150 international customers attended the presentation of the new Sacmi press. Thanks to Ethernet Powerlink field bus automation, this first “digital native” model of the Imola series provides advanced integrated diagnostics and remote services.  >>

8/11/2017
Sacmi, new organisational set-up for the Chocolate business unit
Shake-up lays the foundations for further development of the chocolate sector, already the hub of the Group's Food Division.  >>

7/21/2017
Alessandro Paini is the new General Manager of the Sacmi Beverage Division
With extensive international experience in product development and global sales coordination, Mr. Paini takes over from Vezio Bernardi, who now goes on to head the Group's Closures & Containers Division  >>

6/7/2017
SACMI – Consolidated financial statement at 1.4 billion euro, rising net worth
Positive results across all business sectors. The increasing specific weight of the Italian market “reflects a significant rise in investment within the industry” stated Paolo Mongardi, President of SACMI Imola, during the presentation of the Group's Consolidated Financial Statement at the Shareholders’ Meeting of 19th May  >>

 

This website uses "cookies". If you choose to continue using the website, you are authorising the use of cookies according to our cookie policy. For further information or to deny the use of some cookies, please click here.

accept cookie policy