Comer Industries reports 6% turnover improvement for 2014 financial year

Comer Industries has released its 2014 financial statements which show a 6% increase in consolidated turnover compared to the previous year.

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The Shareholders’ Meeting approved 2014 consolidated financial statements of Comer Industries. The company closed 2014 with a consolidated turnover of 361 million euros, + 6% compared to the previous year, reached despite the uncertainty that characterized the global markets and the first signs of crisis in the agricultural sector. The most significant performance was achieved in the industrial area (+5% over 2013), particularly the wind power sector, while the agricultural market fell 3% compared to 2013. Sixty percent of revenue was gained in the European Union and 33% in North and Central America, slightly increasing over the past year.

The year just ended marked the completion of the rebuilding and expansion work of the historical plant in Reggiolo, badly damaged by the 2012 earthquake. The new industrial complex, equipped with state-of-the-art technology for energy saving and environmental sustainability, extends over a surface area of over 20,000 m2 (215,278 ft.2) for a production capacity of 450,000 pieces per year and an overall investment of more than 12 million euros.

The rebuilding of the Reggiolo factory is included in the Three-Year Strategic Plan, approved by the company on last September, based on the implementation of the Comer Business System (CBS) organization system, aimed at the optimization of company processes as well as at increasing efficiency and competitiveness.

“The 2014 result proves that Comer Industries is going in the right direction,” comments Fabio Storchi, President and CEO, “thanks to our associates, the company’s ability to innovate and the continuous search for improvement in all areas. With our products, we are contributing to build a better world and we are promoting responsible agriculture, aimed at feeding the planet and preserving natural resources. We are taking part as exhibitors at Expo 2015 to highlight Comer Industries’ commitment in the adoption of sustainable policies and technologies that reduce energy consumption and harmful emissions.”

Comer Industries is exhibiting in Expo 2015 as part of “CIBUS è ITALIA” in the Federunacoma (National Federation of Agricultural Machinery Manufacturers) space. The exhibition area presents the history of the Made in Italy food production, in a fascinating journey among excellent products, where Italian tradition is combined with high technology in agricultural mechanization and the food industry.