On March 12, Tesmec announced that in 2014 its revenues increased to €114.9m compared to €113.5m in 2013. EBIDTA fell to €18.3 form €19.3m of the previous year, while net profit rose to €4.9m, up 11.4 per cent (net profit in 2013 was €4.4m).
The company, based in Grassobbio (near Bergamo) Northern Italy, operates in the infrastructure market for the transport of energy, data and material (oil and derivatives, gas, water). Tesmec key markets are Europe, North and Central America.
In 2014 though, the company posted a strong sales performance in Africa too. Looking at the company’s three specific business areas, in 2014 there was a strong increase in revenues in the Rail segment (up 107.8 per cent, compared to the previous year), while Stringing Equipment and Trencher, showed a slight decrease in revenues (year-on-year) of respectively of 3.8 per cent and 5.2 per cent.
For the 2015 financial period, the Group will expect to benefit from a recovery of investments in Stringing Equipment in some specific geographical areas, as evidenced also by the important order acquisition of November 2014 concerning the supply to the Abencor Group of packages for power lines stringing works as part of one of the main projects for the construction of 500kV lines in Brazil. The impact of EUR / USD exchange rate is particularly positive given the significant exposure of the Group in the US market.
Tesmec has been traded on Milan Stock Exchange since 2010.
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