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Idrobase Group closes first half of the year 26% up
Italian pressure washer specialist The Idrobase Group, has closed the first half of 2011 with a +26% increase over the same period of 2010. This is an increase in revenue that goes even beyond the ambitious objectives of growth (+12% on an annual basis) announced by Bruno Ferrarese Gazzignato and the eight million Euros turnover hypothesized for 2011.
The Group has experienced a constant ascent throughout its 25 year existence, interrupted only by the global crisis of 2009, which Bruno says didn't damage the company as much as it damaged other manufacturers in the industrial cleaning sector. Indeed, by early 2010, the Group had improved on its 2008 results.
"In this first half of 2011 we have recorded improved the results for all companies in the Group, thanks to the many new products and services introduced into the market at the turn of 2010/2011, on which the group had worked the last two years," he reveals, citing the extensive global presence of 1,400 distributors in some 82 countries, as allowing the group bring these products to market.
The most considerable growth comes from commercial development in non-EU markets and those in Eastern Europe and Russia in particular. The 'top five' markets are Russia, Japan, Argentina, Australia, Kazakhstan and Mexico.
7th July 2011