Fayat reports strong financial performance

The Fayat Group reports a strong financial performance for 2014. Group turnover reached €3.5 billion, of which 38% came from the road construction sector including the BOMAG and Marini business segments. The privately held company does not reveal its complete financial figures but said that international sales have been very healthy.
January 6, 2017 Read time: 2 mins

The 2779 Fayat Group reports a strong financial performance for 2014. Group turnover reached €3.5 billion, of which 38% came from the road construction sector including the 172 BOMAG and 273 Marini business segments. The privately held company does not reveal its complete financial figures but said that international sales have been very healthy.

Filippo Baldassari is head of global sales at Fayat Road Equipment and said, “In 2014 business was very positive.” He explained that overall, sales were strong even though some markets, such as Southern Europe, remain depressed. And while the Chinese market has seen difficulties for 3-4 years he added, “Last year was relatively good for us in China.”

Baldassari explained that there has been a perceptible shift in the Chinese market, which is in transition from focussing on highway construction to construction of secondary roads, as well as to highway maintenance. He said that the market for asphalt plants in China remains healthy, although there is now a trend towards sales of smaller plants, in line with the shift in the road construction sector. And he said that Chinese customers are also increasingly interested in plants able to handle recycled asphalt, due to government requirements on the use of RAP.

For more information on companies in this article

Related Content

  • Beijing's BICES reflects China's economic growth
    February 27, 2012
    The busy BICES show reflects China’s booming infrastructure investment and growing economy – Mike Woof reports. The recent BICES trade show in capital Beijing was extremely busy, with high visitor attendance levels and crowded aisles. The interest in the event strongly reflects the country’s massive infrastructure growth, which continues to develop. The construction equipment business has been identified as a key economic priority by the Chinese Government, with manufacturers being offered numerous incentiv
    Read More
  • Wacker Neuson reports strong financial performance
    August 9, 2018
    Munich-based Wacker Neuson is reporting a substantial increase in revenue and profitability for the first six months of 2018. According to the firm’s latest results, revenue is at a record high and there has been a marked improvement in profit before interest and tax. However bottlenecks among suppliers as well as currency developments have had a dampening effect on the results. Revenue for the first half of 2018 rose 8% to a new record high of €825 million, compared with €764 million for the same period i
    Read More
  • Worldwide machine sales growing
    July 18, 2012
    Steady growth in machine sales reflects global demand for construction equipment - Mike Woof reports Keynote speakers at the UK’s Construction Equipment Association (CEA) recent annual general meeting revealed steady demand for new machines worldwide. Although Europe’s economy remains troubled, worldwide machine sales are strong and exports are providing huge turnover for manufacturers. Colin Timms of Off-Highway Research said that global equipment sales last peaked in 2007 at $98 billion, falling to $55 b
    Read More
  • The Fayat Group is increasing its international focus
    April 13, 2016
    The Fayat Group is developing its operations, with a greater focus on international operations a key direction for this French firm. Jean-Claude Fayat, president of the Fayat Group, said, “It’s important for us to be a family company. We have three values, autonomy, commitment and audacity.” Being a family-owned business has allowed the firm to respond quickly to changes in market demand - the board of directors can make decisions and implement them whereas publicly-owned firms have to involve shareholde
    Read More

Highlighted Content