Brugola on the rise in 2026. Away from the USA to stem financial difficulties
Decisive step towards exiting the negotiated crisis settlement procedure: Sales up 7.4 per cent in the first four months with Ebitda at 10 per cent
by Luca Orlando
'We expect to emerge from this procedure between June and July,' explains Jody Brugola, 'also because it was only a temporary financial difficulty: the company, as these results show, is solid and continues to grow.
Positive data, those announced by the President of Brugola Oeb and realised in the first four months of the year by the Lissone-based company, one of the big names in automotive clamping systems, which sees revenues jump up by more than seven points with Ebitda at 10%. Very important results in this phase, which is delicate in financial terms.
Loading...
In fact, the company's decision to buy back the capital shares not in the family's possession created a cash imbalance, such that in January it requested access to the negotiated crisis procedure, a 'soft' way of protecting itself from creditors by giving it time to restart without damage and without putting the workforce at risk.
An important step is what has now been announced, the divestment of the group's US site, a plant that had not been considered strategic for some time but whose divestment had now become essential, not least to reassure the banking partners.
"We had been present in the US for 11 years," explains the entrepreneur, "but we saw that over time the margins were not significant and after the lockdown in particular the situation became more difficult.
Brand connect
Loading...
