SDF: 2016 RESULTS
Stable revenue, going against the market trend, profitability confirmed.
In a year in which the global agricultural machinery market experienced a drop of about 10%, SDF managed to substantially keep its revenue stable, confirming the good levels of profitability reached in the previous years.
Full year 2016 closed with a revenue of € 1,366 million, a 1.7% decrease over 2015. The group’s EBITDA was 8.7%, equivalent to € 119 million, compared to € 127 million in 2015.
The 2016 total investments have been equivalent to € 92.5 million, with the most significant being € 34 million for the completion of the new Lauingen plant and € 23 million for new products.
According to SDF Chief Executive Officer, Lodovico Bussolati: “2016 was a significant year for us. In fact, despite the difficult market and further declining scenario, we succeeded to consolidate the growth, keeping the profitability in line with the recent years”.