The winning three years of Maschio Gaspardo
The Maschio Gaspardo Group is back in the black with profits of 5 million euros. The Ordinary Shareholders’ Meeting certified it with the July approval of the consolidated financial statements for the 2017 financial year. The accounting and financial documents thus show the picture of a dynamic and healthy company, which last year not only saw revenue increase (+11% from 2016, for a total of 324 million euros), but also recorded a significant improvement in Ebitda (+8%) and in the net financial position (+4.5 million). The Campodarsego company reports that these results are in line with the 2015-2018 business plan. The main driving force behind the Paduan company’s results were the foreign markets, where the company achieved almost all its turnover (82%). Asia accounts for much of it, especially with the boom in India, as well as Eastern Europe. The approval of the financial statements also marked an important change at the top, with the appointment of the new CEO. Luigi De Puppi, Friulian, born in the ‘42, takes over from Massimo Bordi. A graduate in Economics and Commerce, with an honorary degree in Banking Sciences, the new CEO of the Maschio Gaspardo Group has a consolidated experience in established industrial companies such as - to name but a few - Toro Assicurazioni and Alleanza Toro (as Chairman and CEO), Zanussi-Electrolux (as CEO), Benetton (as CEO), and Olivetti. Luigi De Puppi will be assisted by a Board of Directors composed by Mirco Maschio (president of the Group), Giorgio Maschio (vice-president), Andrea Maschio, Martina Maschio, Alberto Baban and Franco Biasutti. “These three years - commented Mirco Maschio - have been intense and very satisfying. Over these years, together with a competent and motivated team, we have achieved extraordinary results”. “The arrival of Bordi - added Andrea Maschio, president of Maschio Holding - was the last important act by my father Egidio. We are therefore very satisfied with the significant increase in value that the Group has acquired”.