Epta reports 9% sales increase
9th June 2018ITALY: Commercial refrigeration equipment manufacturer Epta has reported sales of €888m for the financial year ending December 31 2017, up €74m (9%) on 2016.
The increase in revenue is both organic and as a result of the acquisition of three partner companies last year: Portanuova in Chile and Peru in April, King Richard Shop System in the Philippines in July and Libre in Poland at the end of August.
The EMEA region accounted for €777m of turnover, with €70.7m from Asia-Pacific and €40.2m from Latin America.
Epta chairman and CEO Marco Nocivelli described the results as positive and in line with the company’s industrial plan.
“These important results are the outcome of a development project based on growth by acquisitions, with the M&A operations we completed during 2017, and organic growth, with an increased diversification of our offer even through online channels and an intensified capacity for our production plants,” he said.
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Epta buys Philippines distributor – 1 July 2017
ITALY: Commercial refrigeration manufacturer Epta SpA has acquired its longstanding distributor in the Philippines King Richard Shop System. Read more…
Epta buys Polish distributor – 20 September 2017
POLAND: The commercial refrigeration group Epta SpA has consolidated its presence in Central Europe with the acquisition of its Polish distributor Libre. Read more…