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Epta reports 9% sales increase

ITALY: Commercial refrigeration equipment manufacturer Epta has reported sales of €888m for the financial year ending December 31 2017, up €74m (9%) on 2016.

The increase in revenue is both organic and as a result of the acquisition of three partner companies last year: Portanuova in Chile and Peru in April, King Richard Shop System in the Philippines in July and Libre in Poland at the end of August.

The EMEA region accounted for €777m of turnover, with €70.7m from Asia-Pacific and €40.2m from Latin America.

Epta chairman and CEO Marco Nocivelli described the results as positive and in line with the company’s industrial plan.

“These important results are the outcome of a development project based on growth by acquisitions, with the M&A operations we completed during 2017, and organic growth, with an increased diversification of our offer even through online channels and an intensified capacity for our production plants,” he said.

Related stories:

Epta buys Philippines distributor – 1 July 2017
ITALY: Commercial refrigeration manufacturer Epta SpA has acquired its longstanding distributor in the Philippines King Richard Shop System. Read more…

Epta buys Polish distributor – 20 September 2017
POLAND: The commercial refrigeration group Epta SpA has consolidated its presence in Central Europe with the acquisition of its Polish distributor Libre. Read more…

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