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Picanol’s turnover up 20 per cent in 2016

In 2016, Picanol’s turnover increased 20.8 per cent compared to 2015. Gross profit percentage increased from 22 per cent to 25 per cent. The operating result increased 44.75 per cent.

In 2016, the weaving machines division experienced a record breaking year. The growing demand for quality and technology created strong sales and an increased share in many markets. This resulted in Picanol’s putting a record number of weaving machines on the market in 2016, thereby especially focusing on dealing with production peaks. The industries division also had a strong year and increased its contribution to the group result thanks to a higher turnover in various sectors.

The sale of parts and accessories followed the positive trend of the weaving machines. In 2016, the OptiMax rapier weaving machine was taken out of production and replaced by the OptiMax-i, which was launched in 2015 and is the fastest rapier weaving machine in the world that is series-produced.

In 2016, Picanol further invested in the renovation and modernization of its production facilities, including the upgrade of the automated warehouse and the logistics systems. In combination with further productivity and quality improvements, Picanol aims to enhance its competitiveness. Picanol expects a slight increase in turnover for the first half of 2017 compared to the first half of 2016.