Maschio Gaspardo Increases Sales 11%, Returns to Profitability

One of Italy’s leading agricultural implement manufacturers increased sales and returned to profit last year, bringing a positive note to a difficult period for the Maschio-Gaspardo group following the death of one of its founders. The business recorded an 11% increase in revenues, up from the equivalent of $335 million in 2016 to $373 million at current exchange rates.

EBITDA came in at $36.8 million, up 8% vs. 2016’s figure of $34.2 million, with a…

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