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FIMIGroup Outlook 2018/2019

19/07/2018

The growth of FIMIGroup continued with a new acquisition. In fact, the company based in Viganò (Lc) has won the tender for Selema, an Italian company founded in 1980, a leader in the design and construction of processing lines for strips of non-ferrous materials, particularly specialized in aluminum.

«This acquisition is also an important step for the growth strategy of our group – explains the CEO, Mr Antonio Pensotti -. We are proceeding along the path of the quality excellence in which have been placed also the previous acquisition of Sacma and the opening of the German subsidiary FIMI GmbH. Steps that are now giving the desired results ».

After a satisfactory 2017 regarding the Ebitda, but with a turnover still weighted by the recent lackluster past, 2018 is set to be the year of the relaunching, with a turnover growth that is in the order of 35% - 40% and with the concrete possibility of both reaching and exceeding the amount of 45 million euros.

«From a “wait-and-see” approach to the market – Mr Pensotti goes on – we moved more proactively towards our Customers, underlining our firm will to go on producing quality lines, regarding performance and technology, if not even increasing it, considering the automation projects we are working on.

The positive results we are encountering in 2018 confirm the good work done so far; it is true that our order portfolio is already projected to 2019; moreover, the positive market situation following the cut in investments imposed by the crisis in 2008, is helping companies to renew or increase their machines’ fleet».

A definitely positive contribution to the growth of the group has been also given by the opening of the German branch FIMI GmbH, located in Hagen and specializing above all in Service and lines’ maintenance.

«Since the announcement of its opening – adds Mr Pensotti – we have had an immediate response from the main steel producers in the German market. They knew FIMI brand very well, but they wanted a more direct presence on the territory. An interest that has already been translated into job opportunities that we think can only be the beginning of a growing trend».

Referring to the acquisition of Selema, this is an important step for FIMIGroup, also in view of a diversified increase in its range of products. The thicknesses processed by Selema lines are in the 10 µm – 4 mm range for the whole kind of processed alloys.

«This acquisition – explains the Group’s Technical Director, Ing. Giulio Magnani – allows us to increase our skills both in processing aluminum thin sheets and in all the complementary technologies also for which Selema was always at the top. The company has developed, patented, produced and put into operation lines with a very high technological content, a real technical source file of tension-levelling lines and the degreasing lines still unique in the world for their production range and performance. Despite this uniqueness, the great technical professionalism within FIMIGroup has the possibility to integrate this new know-how in a very short time and to offer it on the market even now».

«Our development strategy continues, and always with only one password “competitive quality”. This is the direction in which all undertaken actions and acquisitions are going» concludes Mr Pensotti.

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