CMB confirms prospects for growth with the 2018-2020 business plan
CMB has approved the 2018 – 2020 business plan, consolidating the development model already set up in the last few years with a number of new elements that should lay the foundation for a more decisive period of growth. While continuing to act as a large construction company at a national level, the next three-year period will be characterized by a return to significant volumes of production abroad and an improvement in the Group’s ability to make integrated offers, from construction to the subsequent property management phases, also thanks to the contribution of the subsidiary Arcoservizi SpA.
The main objectives are to bring revenues in 2020 to over 650 million euros, with a net profit of around 6 million, thereby reinforcing its competitive position in the Italian constructions market and focusing on international growth and services.
The orders portfolio should reach 3 billion euros by the end of 2020 with an annual growth rate of +3%, composed of 1,100 million from works in Italy, 250 million from works abroad and 1,650 from concessions and services. The goal to follow is to bring the services component to around 20% of turnover and foreign revenues to 10% in 2020 in order to increase strategic value in the enterprise. In the foreign markets, CMB aims to export its specializations in the hospital field and in the development of high buildings, competing on the basis of the quality of the offer it is able to provide. Besides the turnover, the operating profitability of the group is set to grow constantly (+ 7% annually on average) mainly thanks to the contribution of the constructions department and projects/services.
CMB has drawn up its Business Plan focusing on development in its areas of specialization and experience: constructions for public clients and large private clients, besides the area of project financing and hospital services. A number of large orders in Italy are currently advancing at full speed, such as the hospital of Pordenone and Torre Libeskind for CityLife in Milan, while the design phase for the university hospital in Odense in Denmark is progressing.
Among the strategies adopted by CMB to safeguard growth, despite the crisis in the sector in the last decade, the management of the balance sheet and financial structure of the group has been kept solid and well-balanced with a level of debt lower than the average in the sector.
With reference to human resources policies, after completing the business reorganization process and having achieved a reduction in staff numbers in recent years, in the next three-year period more than 150 workers will be recruited for the parent company and subsidiaries. They will be young people under 35 years of age who will take part in training and development programs to obtain the skills required to meet the new challenges in the coming years.
A piece of news in the last few days is the important commercial result achieved by CMB which, together with an agglomeration of companies, has been awarded the contract for the completion of the new Santa Chiara Hospital in Pisa. Besides the development of the new structures for a total of 642 beds, the contract provides for the management for nine years of the services and maintenance of the buildings.
The 2018 – 2020 Business Plan will be presented on Saturday 17 February at CMB’s office in via C. Marx in Carpi. The President of Legacoop Lombardia, Luca Bernareggi, will speak at the event.
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