Statistics and markets

Acimac Research Dept. presents 3rd edition of Financial statement analysis of world machinery manufacturers and glaze and colour producers


Now in its third edition, the "Financial statement analysis of world manufacturers of machinery for the ceramic and brick industries and glaze and colour producers" recently published by the Acimac Research Department examines the 2012-2014 economic and financial figures of 214 companies operating in 12 countries. These include 174 manufacturers of machinery for the production of ceramic tiles, sanitaryware, tableware and bricks/roof tiles and 40 producers of colours and glazes for the ceramic industry.

Like the previous editions, the new report serves as a comprehensive tool for evaluating performance and for benchmarking business models over a significant sample of companies.

One of the key findings of the 2014 financial statement analysis is that the Italian industry continued its process of consolidation during the year, with growth in profitability (average EBITDA 6.54%) and optimised labour costs. Italian average ULC (Unit Labour Costs) for the year stood at 24% compared to the 27% of the non-Italian companies in the sample. However, the international companies also displayed good financial ratios, in some cases better than those of their Italian counterparts (average EBITDA of international companies 9.32%).

Another interesting result concerns the performance of the 174 companies in the sample in relation to the type of machinery produced. The best average operating performances were achieved by companies that manufacture machinery for digital tile decoration (average EBITDA 10.39% and average net profits 4.76% of sales), machinery for ceramic product finishing (EBITDA 7.5% and net profits 3.64%) and pressing machinery (EBITDA 7.43% and net profits 3.45%).

The ceramic mould manufacturing segment stands out for its high added value (43.19% of turnover), although the extremely high efficiency of the production and procurement processes is offset by high unit labour costs (ULC).