The company expects the plan, which has a focus on technological innovation, to deliver a growth in consolidated revenues and a recovery of margins, with a targeted pre-tax profit margin of 8.5% in 2015.
Biesse board director-general Dr Stefano Porcellini said Biesse had been affected by the challenging economic markets, particularly the furniture production trade.
But he said Biesse’s sales revenue did grow in 2012 and debt levels were at safe levels, despite the group’s investments in India and China.
Mr Porcellini said Biesse remained cautious, saying it was difficult to predict when markets would lift in 2013, but that he expected stronger growth in 2014-15.
Biesse recorded a pre-tax loss of €4.4m for the first nine months of 2012 from sales of €272.1m.
Just before Christmas the company announced an extraordinary meeting of the board of PV Administration to request an extension to temporary staff layoffs, which will see some workers continue to reduce their hours and the government making them a payment in lieu.
