The Board of Directors of Comer Industries approved the consolidated
financial results at December 31st, 2022
Turnover at 1,238 million euros (up 18% from the previous year); EBITDA at 180.0 million euros (+38,2% from the previous year), Net Incam at 90.7 million euros (+81,8% from the previous year) and Net Financial Debt of 148.9 million euros (improved by 28.1 million in the year): these are the 2022 consolidated financial results approved by the Board of Directors.
Important results that confirm our growth path with rising volumes, a strong increase in all profitability margins and key balance sheet strength indicators.
2022 was a particularly significant year for Comer Industries. On the one hand for the advancement of the integration process with Walterscheid that has led us to be recognized as a united, solid and global entity.
On the other hand, for our entry into the market of motors and transmissions for electric vehicles with the birth of the e-comer brand, a new green-tech division of Comer Industries, part of an industrial strategy projected to seize opportunities in a rapidly evolving market.
Once again, we confirm to be an example of the Italian mechanics in the world with an offer of technologically advanced products in line with the market trends.
Comer Industries, with registered office in Reggiolo (Reggio Emilia) and listed on the Euronext Growth Milan market, is the leading global player in the design and manufacture of advanced engineering systems and mechatronic solutions for power transmissions. The company operates in the agricultural machinery, construction and forestry equipment, energy and industrial sectors. With histories of more than 50 and 100 years, Comer Industries and Walterscheid together now have 18 production sites worldwide, annual sales higher than €1 billion and about 4,000 employees on 3 different continents. www.comerindustries.com
Walterscheid GmbH, founded in 1919, is a global provider of connected and intelligent powertrain solutions, supporting major manufacturers of industrial and off-highway machinery. Headquartered in Lohmar, in the district of Cologne, the company covers the agricultural, construction, mining, commercial and industrial vehicle sectors. It furthermore offers a comprehensive range of after-market and service products. Since 2021, it has been part of the Italian parent group Comer Industries. www.walterscheid.com
Press contact for Comer Industries – Walterscheid:
Michael Harant
michael.harant@walterscheid.com
+49 (2246) 123351
Barabino & P. Deutschland – Media Relations:
Laura Bruzzone
l.bruzzone@barabino.de
+49 30 6640 40619
Anika Filipiak
a.filipiak@barabino.de
+49 30 6640 40615
