GIMA TT: all economic indicators growing by record amounts

GIMA TT, one of the leading manufacturers of automated tobacco product packaging machinery, closed 2017 with exceptional growth: net profit of 151.8 mn euro (51.2% up over the 100.4 mn registered in 2016).

Exports accounted for more than 72%, with outstanding results in Europe and Asia, but the domestic market also saw double digit growth (13%). This growth affects all the company's economic indicators. The EBITDA grew to 61.7 mn euro (53.4% more than the 40.2 mn of the previous year), while the EBIT grew to 61.2 mn euro, an increase of 54%, and operating profits were registered at 44.1 mn euro (up 62%). The company's orders book has also grown (110.4 mn euro, up 24.6%), to which we must add the positive performance of the first two years of this year.

For 2018, the Group is estimating earnings in excess of 180 mn euro and a gross operating profit of 75 mn euro.

President Sergio Marzo commented these brilliant results:“This level of revenue and profit amply confirms the dynamism of GIMA TT and our ability to offer highly innovative solutions. We are growing fast in all markets and are continuing our investment into R&D, in the conviction that innovation drives growth.”