2020 draft Financial Statements approved.

“In this delicate phase, we want to further increase the efficiency necessary to sustain profitability, taking note of the positive cash generation, which has increased compared to the past without any tangible restrictions in research & development.

What happened demonstrates how proper and prudent corporate governance can guarantee the Group adequate financial and capital solidity without jeopardising its growth prospects” declared Pierre La Tour, Group CFO. Consistently with the evolutionary approach underway in the Group and in light of a global scenario still characterised by a high degree of uncertainty, the Board of Directors of Biesse has prudently decided not to proceed with the payment of ordinary dividends, also in order to be able to evaluate any opportunities for growth through external lines and operations to strengthen the Group's international presence.

Read the full press release on biessegroup.com - Investor Relations area.