ITALIAN MANUFACTURERS EXPANDING HORIZONS

POSITIVE SIGN FOR THE 2020 FINANCIAL STATEMENTS APPROVED BY GEFRAN

The ordinary shareholders meeting of Gefran approved the group financial statements for the year 2020 and the Board’s proposal to distribute an ordinary dividend of 0.26 euros per entitled share before taxes. As for the performance of the parent company, Gefran, revenues reached 56.3 million euros, gross operating margin 10.5 million euros, and net profit 6.3 million euros. As for the consolidated results, revenues were of 129.6 million euros, gross operating margin of 17.5 million euros, and net profit of 4.4 million euros.

INVESTMENTS AT CMS NEVER STOP

CMS production center in Zogno (near Bergamo, Northern Italy) has been enhanced with a new, state-of-the-art wing. An entire area designed specifically for the largest numerically-controlled machining centers and thermoforming machines: 85,000 sqm that fully respect the environment and surrounding landscape, where the machines are moved using 8 overhead cranes that can hold 15 tons each.