Report
Lucia Saluzzi

Cembre S.p.a.

Cembre is one of the largest Italian and European producers of electrical connectors and installation tools. The Company is vertically integrated and attends to the whole production process, from the design to the marketing of the products. The production is located in Italy and UK whereas the distribution network is present all around the world.

At June 30th 2017, Cembre’s net revenues increased 6.2% yoy at 66.6M€ vs. 62.7M€ of 1H2016. EBITDA increased 14.0% yoy at 17.3M€ representing 26% of revenues correspondingly EBIT grew 15.7% yoy to the amount of 14.2M€ and the Ebit margin reached 21.4% of net sales. In the six months, both the incidence of the cost of the sale and the incidence of personnel costs decreased, although the average number of employees in the Group went from 659 to 680.

Underlying
Cembre

Cembre SPA. Cembre SpA is an Italy-based manufacturer of electrical compression connectors and cable accessories for panel building and installation, medium voltage cables and other applications. The Company also manufactures mechanical, pneumatic and hydraulic tools for installing electrical connectors and for cutting cables, and terminal blocks. Cembre SpA operates through several subsidiaries based in the United Kingdom, France, Spain, Norway, Germany, the United States and Italy.

Provider
Twice Research
Twice Research

Twice Research is an independent financial analysis company focused on Small & Medium Caps Corporate Brokerage and Investment Advisory.

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Analysts
Lucia Saluzzi

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