Results to March 31, 2023 – a new milestone
Our Group ended the first three months of the year with consolidated revenue of EUR 345.9 million (+34 million euros compared to the previous year) and EBITDA of EUR 53.6 million (+26.9 % compared to Q1 2022).
Our President & CEO Matteo Storchi commented: “In the first quarter we achieved record results both in terms of sales and profitability thanks to our solid investment policy. We will continue with these investments in order to consolidate results over time and increase value for all our stakeholders.”
2023 will be an important year for our Group for the change of listing that will allow us to increase our visibility and offer new investment opportunities to our shareholders.
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:
+49 (2246) 123351
Barabino & P. Deutschland – Media Relations:
+49 30 6640 40619
+49 30 6640 40615