GIMA TT posts double-digit first quarter growth

GIMA TT, a leading company in the sector of automatic packaging machinery for tobacco products, closed Q1 2018 with double-digit sales growth (+14.4%) to €41.3 million (compared to €36.1 million to 31 March 2017).

EBITDA also grew to €14.1 million (+13.7%), while pre-tax profits rose from €12.3 million to €13.9 million (+12.8%). The order book to 31 March 2018 grew by 29.1% to reach €112.4 million, prompting forecasts for further growth in 2018 with respect to the previous year with sales of more than €180 million and a gross operating margin of around €75 million.  

“The first quarter results confirm GIMA TT’s capacity to pursue innovation and generate value,” commented Chairman Sergio Marzo. “The positive trend proves that GIMA TT has made the right decisions in terms of technological excellence and ability to meet the needs of its market.”