Metalcastello announces the financial results for 2017: new record of turnover for the company based in Bologna
Metalcastello S.p.A., world leader in the production of gears for mechanical transmissions, announces the approval by the shareholders' meeting of the financial statements for the year ended December 31, 2017.
The company reported revenues of over 51 million euros (up 9% on the previous year) and a profit of 4.3 million euros, a record for Metalcastello confirming the constant improvement recorded in the last 3 years. The forecasts for the 2018 financial year are also positive, which, if confirmed, would constitute the fourth consecutive record result.
The CEO Stefano Scutigliani said: "A new record demonstrating that customers continue to choose Metalcastello for the highly technological and cutting-edge level that the company has achieved in recent years" - and continues - "An innovation which has its roots in a solid business ethics that characterizes Metalcastello since its foundation ".
The financial results are an excellent sign also for the Alta Valle del Reno, which has been home to the company since its foundation in 1952 and which aims to remain an active and attractive territory for the investments of companies and young people.