Biesse Group: first-half 2009 closes

The board of directors of Biesse spa, a company registered in Pesaro and active in the sector of wood, glass and stone-working machinery, following a review of the events of the first-half 2009, approved the consolidated financial statements to 30 June 2009.
It showed the following results: consolidated revenues of 126.6 million euros, down 46.8 percent year-on-year; value added of 41.2 million euros (-56.1 percent year-on-year), a margin on sales of 32.5 percent; a negative gross operating result of 8.4 million euros (positive for 34.9 million euros in first-half 2008); a negative net operating result of 17.7 million euros (positive for 27.2 million euros in first-half 2008); pre-tax loss of 19.0 million euros (pre-tax profit of 26.5 million euros in first-half 2008); consolidated net loss of 14.8 million euros (net profit of 17.8 million euros in first-half 2008).
At 30 June 2009, Biesse Group had net debt of 56.5 million euros, an increase compared to the figures for 31 March 2009 and 31 December 2008 of 6.0 million euros and 29.8 million euros respectively.