President Keynote Speech 2013 to Customers and Employees

MERMEC Group closed fiscal year 2012 on target by accomplishing all its economic and financial targets and registering another consecutive year of increase in orders, EBITDA - that now counts 24.2% of revenues - and operating cash flow. New corporate high was achieved in order backlog, good indicator of future sales growth, that hits EUR 140 million record.

The company has successfully executed its previously announced capital increase in 4Q 2012. The funds provided by the capital increase will serve to finance new products development and target companies acquisition planned for 2013.

The new General Manager, Andrea Certo, has been appointed to steer MERMEC Group growth strategy, from the headquarters based in Monopoli. Certo has a strong international experience and will be responsible for reinforcing MERMEC’s brand, whilst strengthening the company’s presence worldwide.

On January 28th in Bruxelles, the European Commission awarded MERMEC – among a group of 50 high-tech firms from all over the world – for its excellence in research and development.

Vito Pertosa
President