The company specializing in the packaging of food, cosmetics and medicines has collected over 5 million to be invested in the development of the Hong Kong and Dubai branches, which, according to the CEO, will be the development engines of the next decade. The turnover amounted to 27 million in 2017, with an ebitda margin of nearly 20%, is achieved abroad by 75%.
Ilpra, an innovative SME founded in 1955 and operating in the food, cosmetics and medical packaging sector, sees Asia and the Gulf countries as areas benefiting from a strong growth in the coming years. The company, with 4 offices in Europe and Asia and registering 75% of revenues abroad, today has officially entered Piazza Affari to support its internationalization programs.
Ilpra is a leading player in the packaging industry with a wide range of machinery (welding machines, filling machines, thermoforming machines) and advanced technological solutions. With more than 16 thousand machines sold, 190 employees, an extensive sales network and presence in 4 countries, - Italy, UK, Hong Kong and United Arab Emirates - the group directly oversees markets around the world.
The company recorded in 2017 (pro forma consolidated data) a production value of 27.2 million euro, an ebitda of 5.3 million (ebitda margin 19.4%) and a net financial position equal to 8.4 millions.
"We produce machines to package food. Every country produces food, therefore if you want to sell you have to package it, so basically every country can be your customer. We already have a strong presence in Europe, and now are working in the Arab countries, where we have great opportunities, and in the United States. Our business is also developing with Russia", explained Maurizio Bertocco, president and CEO.
"We are present in the Gulf countries with a branch in Dubai that is doing a great job and we are expecting a further growth in the Arab countries", added Bertocco.
The Asian area, where the Hong Kong branch is operating, will host the development of the next decade, despite the different eating habits. "We will introduce, together with the large-scale retail trade, packaged foods, something they are not yet familiar with, but they are approaching to it," Bertocco noted.
To support this strong drive towards internationalization, which will also take place through acquisitions and investments in production capacity, the group has decided to increase its share capital by listing the shares on the Milan stock exchange on the Aim price list, the segment dedicated to high potential SMEs. The company raised 5.3 million and was admitted to listing following the placement of 2,538,600 newly issued ordinary shares sold for a unit price of € 2.10.
At mid-morning the stock reported a 10% appreciation, with just over 130 thousand shares traded.
The IPO took place "due to an increase of added capital, mainly through internationalization and some acquisitions. However, we are aiming for growth and we believe our sector, the packaging sector, to be primary. It is an important sector, among the few that are still growing and therefore we want to invest mainly for growth abroad" concluded Bertocco.
(Source:Class Editori)
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