Biesse SpA
MIL:BSS
Biesse SpA
Biesse SpA is engages in the design, manufacture, and marketing of technologies and solutions for joiners and large furniture, windows, doors, and wood building components. The company is headquartered in Pesaro, Pesaro E Urbino. The company went IPO on 2001-06-21. The company designs and manufactures machinery and systems used to make furniture, doors and windows, as well as items from wood, glass and stone. The firm operates through five units. The Wood unit focuses on production and distribution of machinery and systems for woodworking. The Glass unit is engaged in the production and distribution of machines for processing glass. The Mechatronics unit manufactures mechanical and electronic components. The Metal & Plastic unit is specialized in the production and distribution of machines and systems for the working of metal & plastic. Stone unit specializes in the production and distribution of CNC work centers for the transformation of natural and synthetic stone.
Biesse SpA is engages in the design, manufacture, and marketing of technologies and solutions for joiners and large furniture, windows, doors, and wood building components. The company is headquartered in Pesaro, Pesaro E Urbino. The company went IPO on 2001-06-21. The company designs and manufactures machinery and systems used to make furniture, doors and windows, as well as items from wood, glass and stone. The firm operates through five units. The Wood unit focuses on production and distribution of machinery and systems for woodworking. The Glass unit is engaged in the production and distribution of machines for processing glass. The Mechatronics unit manufactures mechanical and electronic components. The Metal & Plastic unit is specialized in the production and distribution of machines and systems for the working of metal & plastic. Stone unit specializes in the production and distribution of CNC work centers for the transformation of natural and synthetic stone.
Sales Weakness: Net sales declined 14% year-on-year due to lower demand, especially in machines and lines.
Profitability Pressure: The company posted a net loss of EUR 8.9 million for Q3, down EUR 11.5 million from last year.
Order Intake: Orders fell by EUR 53 million versus Q3 2024, but management sees early signs of recovery, expecting improvement in Q4.
Cost Actions: Labor costs cut by around EUR 13 million with headcount down by over 400, and further selective hiring planned.
Financial Position: Net financial position worsened to negative EUR 20.9 million (excluding IFRS 16), compared to a cash position last year.
Guidance: Management expects Q4 to mark a bottom and anticipates gradual improvement in sales, working capital, and net financial position.
Industrial Integration: GMM industrial integration is ongoing and expected to continue through at least the first half of 2026.
