(Reuters) – Italy’s Interpump expects sales growth of 25% between 2023 and 2025, the pump maker said on Wednesday after meeting its revenues goal of over 2 billion euros ($2.14 billion) last year.
The company, which manufactures pumps for industrial uses including crop spraying and car washing, posted a flat core profit margin at 23.7% in 2022, it said in a statement, adding that its pricing initiatives helped offset inflationary pressures.
Along the three-year period to 2025, Interpump sees a core profit margin of about 22% despite a likely “dilution deriving from acquisitions in the period.”
Interpump also said its order books suggested it would post organic growth in sales of about 5% this year.
($1 = 0.9334 euros)
(Reporting by Alessandro Parodi, editing by Gavin Jones)
