SITI-B&T Group publishes strong end-of-year estimates
2018 revenues are expected to be up on the previous year thanks to a consistent order book and a higher concentration of turnover in the second half of the year.
In the first half of 2018, Siti B&T Group posted revenues of 79.7 million euros, which together with orders acquired as of 30 June and billable in 2018 marks 5.7% growth over the same period in 2017.
EBITDA before non-recurring items remained essentially stable over the first half of the year at 2.7 million euros (3.4% of turnover) compared to 3.4 million euros (3.7% of turnover) to 30 June 2017.
The Formigine-based group, listed on the AIM market since 2016, expects to close 2018 with higher revenues than the previous year (203 million euros), thereby continuing the organic growth of 30% in the last 5 years.
This strong performance is largely attributable to internationalisation activities and the development of new products such as the energy saving and low environmental impact lines and the Titanium® kilns, the digital decoration technologies from Projecta Engineering and the Ancora finishing machines.
