President Keynote Speech to Customers and Employees
MERMEC Group President & Chief Executive Officer Vito Pertosa delivered his keynote address opening the 2012 Corporate Kick-off Meeting.
This year the MERMEC Group will operate in line with the guidelines adopted by the European Union over the past months: strong focus on reducing inefficiencies and full commitment on re-boosting growth.
The company closed 2011 on target by accomplishing all the key business objectives we set earlier this year: we had an increase in orders, in EBITDA - that now counts 23% of revenues - and in operating cash flow.
In the next weeks the company will execute a capital increase without the entry of new shareholders neither change in control.
The 2012 will be the year of re-launch with significant investments planned in brand awareness, new product development and key markets positioning.
Our multi-year strategic business plan foresees a robust growth path over the next three years and thanks to the remarkable ability of people working in our Group, I'm sure we can reach the goals we set ourselves.