WEGH GROUP’S 2016 FINANCIAL STATEMENTS APPROVED: REVENUES AND PROFITS ARE ON THE RISE
WEGH Group Spa’s 2016 Financial Statements was unanimously approved by the Shareholders’ meeting.
The results achieved in this last year are also gratifying to confirm on the one hand the company’s solidarity on the other side of its dynamism and ability to adapt to a difficult and extremely competitive international market.
More in detail, the Financial Statements, net of the financial results of foreign subsidiaries, showed excellent results compared with those of the previous year showing double-digit increases and more precisely:
° Value of production + 16,0%
° Ebitda + 69,1%
° Ebit + 133,4%
° Ebita + 43,6%
Among the significant events to be reported in 2016, the acquisition of OLMI Sleeper Technology by Alfa Laval Olmi. Thanks to this acquisition, WEGH has increased its overall know-how and is present on the market as the world’s largest producer of pre-stressed reinforced concrete railway sleepers and sleepers for railway switches.
OLMI sleeper Technology and SICI represent two excellence in this field: the first in the Carosello (Carousel) process and the second in the Long-Line process.
Wegh Group also obtained the certification of the Integrated Environment and Security Management System, in accordance with ISO 14001: 2004 and OHSAS 18001: 2007 standards and the adoption, under Legislative Decree No. 231/2001, the “Management Organization Model Control “aimed at preventing the commission of certain offenses such as, for example, crimes of manslaughter and serious injuries, committed in violation of accident prevention and hygiene rules, of protection of health and safety at work , and environmental crimes.