Safe Bag is a leading company in baggage security services and it was among the first companies worldwide to offer a baggage wrapping service. On March 3, the company announced that in 2014 its revenues increased to €25.6m, a year-on-year increase of 55.4 per cent. This increase was due mainly to the new commercial strategy and to good performance at the Miami airport in Florida (USA).

 

Sales of “travel goods” increased by 53 per cent year-on-year, thanks mainly to an increased number of point of sales (kiosk) at airports (on December 2014 there were 23 point of sales at airports compared to 18 of the previous year).

 

Rudolph Gentile, CEO and President of Safe Bag, said:

“Preliminary financial results for the year 2014 confirm the fact that Safe Bag is strengthening its market position, we have increased our presence in Italian airports and airports abroad, we have also introduced a wider range of services to meet traveller demand”.

 

The company has two main offices, one in Rome and one in Gallarate, near Milan (Northern Italy). Safe Bag was founded in 1997, it is the leading company in baggage security services at airports in Italy, France and Portugal. Over the last three years, Safe Bag has entered a number of other international markets, namely: Belgium, Ireland, Spain, Switzerland and the USA.

 

The company’s shares are traded on AIM Italia (Milan stock exchange). Safe Bag is looking for new capital to finance an acquisition, according to the news agency MF Dow Jones. The company aims to raise €5m through a  bond or shares issue.

massimo morici
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massimo morici

Massimo works as a financial journalist for the monthly newsmagazine ADVISOR, AdvisorOnline.it (asset management) and Panorama.it
massimo morici
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