WEGH GROUP SPA: DOUBLE-DIGIT GROWTH IN THE 2017 FINANCIAL STATEMENTS APPROVED BY SHAREHOLDERS
The 2017 financial statements of WEGH Group Spa were unanimously approved by the shareholders, showing double-digit growth, compared to the previous year, in all the main economic parameters.
This confirms the validity of the three-year plan just concluded, the solidity of the company and its ability to analyze the complex dynamics of the sector in the best possible way.
In particular, the comparison with the previous year highlights:
Value of production +28,7%
Net profit +76,8%
In 2017, in line with its three-year plan, the WEGH Group focused on three strategic objectives: preparing the generational changeover and reducing the decision-making chain, growth abroad and completing the construction of the five Business Units.
With regard to growth abroad, last year WEGH increased the staff dedicated to the management of the foreign affiliates
and, more in general, committed to foreign markets in close synergy with the other BUs. As usual, the utmost attention was paid to research and development with the strengthening of the Romito and Bergamo R&D Centers, also with the increase in dedicated staff. A more detailed analysis of the activities of the individual BUs shows that an important investment plan was launched to create a new production plant, in line with the concepts of industry 4.0 for the Sleepers BU while the Superstructure BU developed an important project, supported by RAMS analysis, for the construction of a complex superstructure section with the “Ballastless Arianna” system. The Plants BU has started the construction of a highly robotized plant for sleepers production, and finally the Signalling & Rolling Stock BU has focused on the complete construction of the level crossing machines and Point Machine “ METRA “.