First quarter results approved - Giampiero Maioli appointed Group Vice-President

The Board of Directors of Comer Industries has approved the results for the first months of the year, which reflect the expected contraction in the reference markets caused by the slowdown in demand in the agricultural sector and macroeconomic uncertainty. Revenues amounted to EUR 212.1 million, down 22.1% from EUR 272.4 million in Q1 2024, and EBITDA was EUR 31.8 million (vs. EUR 45.8 million in Q1 2024).

However, the Group continues its growth path, welcoming Giampiero Maioli, President of Crédit Agricole Italy, as well as Vicepresident of the ABI – Italian Banking Association – Presidential Committee, who will take over as Vice President of Comer Industries.

Matteo Storchi: “We welcome Giampiero Maioli to our team with great pride. An extremely high-profile manager who, I am sure, will make a truly valuable contribution to our group, not only for his know-how and experience of unquestionable value, but also in terms of strategic and industrial vision. At a time like the present, enriching ourselves with such authoritative and transversal skills represents a further strong point for our company.”

Giampiero Maioli: “I have known Matteo Storchi for a long time, and I have always looked at Comer Industries as a true entrepreneurial excellence, a reference point in the Italian and international mechanical engineering scene. I am very pleased to join the company’s Board of Directors with the conviction that here are the managerial skills, technological innovation and quality of human resources needed to face, together, such a challenging market and contribute to the further growth of Comer Industries”.