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Picanol Group's Record-Breaking Performance In 2017
The Textile magazine
|March 2018
Well-filled order book for first half of 2018
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The Picanol Group clocked a consolidated turnover of Euros 688.93 million over the full 2017 financial year, an increase of 8% compared to the Euros 639.78 million recorded in 2016. This has been the best year ever in the history of the Picanol Group.
In 2017, the Weaving Machines division again experienced a record breaking year. The rising demand for quality and technology resulted in strong sales, mainly in Asia, and this led to further market share growth in many countries and weaving market segments. This resulted in Picanol putting a record number of weaving machines on the market in 2017. The sales of spareparts and accessories followed the positive trend of the weaving machines.
The Industries Division (Proferro, PsiControl and Melotte) also showed strong sales growth in various market segments while making an increasing contribution to the group’s turnover. On the other hand, rising material prices and a higher share of subcontracting versus own production had an adverse effect on the result. Within Industries, Proferro continues to modernize its machine park in order to increase profitability and production capacity.
This story is from the March 2018 edition of The Textile magazine.
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