Datalogic achieving record growth in 2017
Industrial automation and automatic data company Datalogic is seeing success across the board in 2017. In the second quarter of 2017, Datalogic had revenue of €157.8 million, which is up 7.7% compared to the second quarter of 2016 and 11.5% compared to the first quarter of 2017. In total, revenue for the first half of the year reached €299.3 million, which is up 6.2% to the first half of 2016.
In the second quarter of 2017,Datalogic had revenue of €157.8 million, which is up 7.7% compared to the second quarter of 2016 and 11.5% compared to the first quarter of 2017. In total, revenue for the first half of the year reached €299.3 million, which is up 6.2% to the first half of 2016.
In addition to these figures, earnings before interest, tax, depreciation and amortization (EBITDA) was at its highest point ever at €31 million in the second quarter, with an EBITDA margin of 19.7%. Half-year EBIDTA was at of €51.8 million, up 15.3% compared to first half 2016 (EBITDA margin of 17.3%, compared to 16% in the first half of 2016). The company’s net profit for the first half of the year is up 11.9% to €29.3 million compared to €26.2 million in the first half of 2016, while its net financial position is positive in the amount of €5.5 million, compared to €3.5 million as of December 31, 2016.
These figures are due to a sustained increase in sales revenue and improvements in operating costs, according to Datalogic.
"The increasing demand of products and solutions for automation, quality and efficiency of processes finds a prompt reply in our new organisation model focused on clients," said Valentina Volta, Datalogic Group CEO. "Second quarter preliminary revenues, the best ever in Datalogic’s history, recorded a double-digit growth in Transportation & Logistics, Manufacturing and Healthcare sectors, and highlighted a recovery of the Retail sector."
She continued, "We are very satisfied of the growth recorded in China and of the consolidation of our leadership position in EMEA. The improvement recorded of EBITDA, the best ever both at quarterly and interim level, comes from the strong focus of the entire structure on production costs. This performance, supported by an increase in the booking and the ongoing streamlining of production and operating costs, makes us confident that positive results will also be achieved in the second part of the year."
Looking forward, Datalogic expects that the growth seen in the first of 2017 can be continued throughout the rest of the year, and that "the optimization of production processes is set to continue as a result of the expected growth of investments in research and development and commercial facilities."
View the Datalogic press release.