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PFM announce turnover on the rise for fiscal year ending 2012

PFM announce turnover on the rise for fiscal year ending 2012

2012 is expected to be another year of growth for the companies in the PFM Group. According to the final balance statement figures, there has been an increase of 10% over the 2011 sales volume, bringing the Group’s consolidated turnover up to 77 million Euros. The increases refer to the positive trend in sales of packaging machines and systems of the 11 companies making up the industrial Group: PFM Packaging Machinery SPA, BG PACK SPA, MBP Srl, SPS Italiana Pack Systems SPA, PF Meccanica and all the foreign subsidiaries (PFM UK, DE, Russia, Spain, North America and California).

Paolo Fioravanti, Managing Director of the Group comments on the figures:

“We are all pleased with the excellent results achieved by the Group, which are well above the turnover and profitability objectives we set at the end of 2011. The growing demand for complete, customised systems has led to plenty of orders on the order book. This confirms that the industrial choices and sales strategies we have implemented over the last few years have been effective.
The Group’s sights however remain strongly focussed on technological innovation: during 2013 we will be launching a series of state-of-the-art technical solutions developed by our on-going Research & Development activities, which the companies in the Group have committed to invest over 3% of total turnover in, which reconfirms our position as one of the undisputed leaders in the flexible packaging industry.”