Sabaf has communicated that revenues for full-year 2015 came in at 138 million euro, up 1.2% compared with 136.3 million in 2014. Gross profitability remained broadly unchanged: EBITDA was 26.2 million euro (with a 19% margin on sales, up 0.8%), while EBIT registered a more significant improvement, coming in at 14.1 million (with a 10.2% margin on sales, an increase of 7% compared with 13.2 million in 2014). Finally, net profit was 9 million euro (6.5% of sales, +7.9% compared with 2014). As regards to this year, the company said that «2016 got off to a highly uncertain start, owing to political, economic and financial tensions that affect the main markets on which Sabaf operates. Sales in the first quarter are expected to fall compared with 2015, which was marked by a highly positive start. However, agreements reached with some of our leading customers for 2016 point to an increase in our supply share, and the launch of supply for significant new projects. If the macroeconomic environment stabilises, the Group therefore believes it will be able to improve sales and profitability in the full year compared with 2015».
Sabaf is continuing to focus on customization and proximity to the territory. «The delocalization is not necessary – explains the Italian company -. The real challenge for the future is not to flee but to export the Italian savoir faire in the world, so that “Enginereed in Italy” has the same value of “Made in Italy”, adapting itself to the markets but without lowering the quality bar». Sabaf produces, in its various plants (in Italy, Brazil, Turkey and China), both standard products and customized products for the needs of businesses and local consumers. «This our vocation for the tailor made – said Alberto Bartoli, Chief Executive Officer of Sabaf – is confirmed by the investment data. Every year, in fact, we invest about 3% of our turnover in research and development of new products and solutions dedicated to the different markets. A constant commitment that has enabled us to overcome the crisis by anticipating the market fluctuations without losing our identity. Sabaf has always exported the same technological model on which we have developed, over the years, a very high competence and that we can easily keep under control».
