Italian ITEMA Group with 2015 results

Italian ITEMA Group with 2015 results

Itema, the world’s largest privately held provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, announced on April 8, 2016 its results for the full year ending December 31, 2015, and maintaining a positive trend for threeitema years in a row

The Group closed the year with total sales up +11 % year to year, registering an upward trend across all the business units.  Weaving Machine sales were up +14 %, whereas Spare Parts turnover grew by some +4 %, continuing the reversal of recent years of the decade-long-decline in demand for OEM parts. EBT (earnings before tax) climbed +30 % due to increased efficiencies, and continued cost reduction measures.
RogoraCEO Carlo Rogora commented: “I am particularly proud to announce yet another year of brilliant results at Itema Group.  We are now entering the fourth year in a row of continuous growth, with +80 % more looms sold compared to 2012.  This is a truly remarkable milestone, for which I also thank shareholders, Customers, employees, agents, suppliers and partners worldwide for each and everyone’s contribution to our success.  The innovative mindset, the fighting spirit, and, most of all, the commitment to customers, by offering only the smartest, most game-changing weaving technology, are just some of the factors that set us apart.  I am excited to be part of this revolution, and to lead Itema to even greater heights to realize its full potential as a market leader and technology champion.”
“Itema Group comes from a landmark year,” continued Rogora. “The milestones are too many to mention, but centre stage are our new product launches, market share gains across all the three weft insertion technologies (N.B. Itema is the only brand that offers the top three technologies for weft insertion: rapier, airjet and projectile) in important markets, an excellent ITMA show last November and a packed order book post ITMA.”

In Milan, Itema Group showcased innovative weaving machines, the new MyItema spare parts portal, as well as the latest developments in its real-time loom management system. With 13 looms at the trade fair grounds, of which six in the avant-garde Company booth, and seven in partner booths, Itema was a well represented brand. Its looms demonstrating to technology buffs from all corners of the world the technical advantages and superiority of Itema-branded weaving machines.

Carlo Rogora concluded the presentation of Itema’s 2015 results by saying: “The whirlwind and growing acceptance of our technology is testimony to the fact that innovation coupled with the strong know-how pays back.  We remain focused not only on meeting and exceeding weavers’ needs, but on go beyond, anticipating future market requirements.  With our shareholders’ full-fledged support, we continue to concentrate our extensive R&D efforts on offering better, smarter, faster solutions, increased performances, reduced consumption and enhanced user-friendliness.”

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