The growth of Cefla Engineering (formerly Cefla Plant Solutions) contributed significantly to the Cefla Group’s positive performance in 2018, represented by Group turnover in excess of 560 million euro, and a positive balance of 21 million euro. A growth trend that continues for Cefla (in 2017 the balance was 13 million euro). Net income was up 8.1% at 30 million euro. Consolidated EBITDA totalled 50 million euro.
The Board of Directors is reconfirmed
Cefla’s Shareholders’ Meeting, after approving the 2018 Financial Statements, confirmed the entire Board of Directors for the next three-year period, 2019-2021. It also confirmed Gianmaria Balducci as Chairman, and Claudio Fedrigo as Vice Chairman “The Board of Directors would like to thank the shareholders and all of our colleagues within the Cefla Group who, through their daily work, have made it possible to translate the strategies of the managerial group and the guidelines of the Board of Directors into numbers,” declared the Chairman, Gianmaria Balducci.
The investments and values to meet global challenges
Overall, 47% of Cefla’s income was generated in Italy, 30% in other European countries, and 23% in the rest of the world. Despite global macroeconomic uncertainty, Cefla invested over 30 million euro, all self-financed, with each Business Unit acquiring a number of important orders, and through the reorganisation of company processes designed to better meet present and future challenges.
“Over the coming years” – the Chairman Balducci continued – “Cefla will continue to be able to count on the company’s distinguishing values, which have guided the company since 1932. These values drive us on in our constant striving for improvement, in our incessant pursuit of value creation, and are consistent with our mission to improve people’s lives”.