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The Entrepreneurs’ Group

Etipack S.p.A. becomes part of the Possehl Group

July 11, 2019

The week before last, the shareholders of Etipack S.p.A. signed a notarized contract with Possehl Mittelstandsbeteiligungen GmbH as they have acquired all shares of the company based in Cinisello Balsamo, northern Italy.

Etipack was founded in 1978; in more than 40-year history the previous shareholders, through targeted and sustained internal and external growth, have succeeded in developing the company into a leading manufacturer of industrial labeling solutions both on the domestic and foreign markets. In addition to the leading company based in Italy, with its two production plants in Cinisello and Soncino, there are five further subsidiaries and affiliates in Europe and America. With around 100 employees, sales of just under € 17 million were achieved in 2018.

Possehl is a globally operating diversified group of companies with more than 13,000 employees and a most recently consolidated turnover of Euro 3.8 billion. The Possehl Group consists of nine distinct and separate divisions, one of which is the labeling systems business unit called Possehl Identification Solutions. With around 750 employees, this division generates annual sales of around € 150 million and operates with independent companies in ten countries around the world. Most recently, in 2017, Italy-based Eidos S.p.A., a specialist in digital thermal transfer printing, was taken over by the rapidly growing Possehl Identification Solutions division.

For Etipack, membership in the international Possehl Group and cooperation with the other labeling companies opens up many opportunities for further development and growth. “We see Possehl as the ideal successor to our company, with its long-term and sustainability-oriented corporate concept. Throughout the sales process, we have come to know Possehl as an extremely reliable and determined partner “, says Davide de Ferrari, representing all the retired shareholders and adds:” We are also aware and pleased of the fact that the sole shareholder of the Possehl Group is a charitable foundation”.

The project carried on by Possehl relies on continuity and reliability, demonstrated by the fact that – as with all companies in the Group – the company name as well as the registered office of the company are preserved. Marco Parretti, former sales director, is the new managing director responsible for the operative business of the company.

 

About Possehl

The Possehl Group, operating worldwide under the leadership of Management-Holding L. Possehl & Co. mbH, is a  diversified corporate group currently comprising nine decentrally organised divisions that are economically independent of each other. In addition to L. Possehl & Co. mbH, the Possehl Group comprises 200 subsidiaries in more than 30 different countries. In the financial year 2018, the Group generated revenues of some 3.8 billion euros. Possehl currently employs around 13,300 people worldwide.

The company was founded in 1847 by Ludwig Possehl as a local hardware store in Lübeck. Since 1919, the non-profit Possehl Foundation has been the sole shareholder. This corporate structure enables the Possehl Group to operate independently and provides the basis for long-term entrepreneurial decisions.

For further information about Possehl please visit http://www.possehl.de.

 

Contact

Lutz Nehls
Head of Corporate Communications
L. Possehl & Co. mbH
Beckergrube 38-52
23552 Lübeck
Phone: +49(0)451 148-223
eMail: lnehls@possehl.de

https://www.possehl.de/wp-content/uploads/175-Jahre-Possehl.png 0 0 Melanie Brauer https://www.possehl.de/wp-content/uploads/175-Jahre-Possehl.png Melanie Brauer2019-07-11 08:15:562019-07-17 08:18:30Etipack S.p.A. becomes part of the Possehl Group

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L. Possehl & Co. mbH

Beckergrube 38-52 | 23552 Lübeck, Germany
Postfach 1684 | 23505 Lübeck, Germany

Phone +49 451 148-0
Fax +49 451 148-255
E-mail: info@possehl.de

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Clarification/ reply to the article published by Spiegel+ on 28 June 2019Lübeck-based Possehl Group ends 2019 financial year by expanding its portfolio...
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Key figures

Possehl at a glance

    2017 2018 2019 2020 2021
Earnings            
Sales € million 3,809 3,764 4,140 4,430 4,360
thereof sales from precious metal trading € million 1,466 1,266 1,537 1,919 1,907
Sales adjusted for the proceeds from precious metals trading € million 2,343 2,498 2,603 2,511 2,453
Earnings result from ordinary operations (EBIT) € million 175 181 173 140 177
Earnings before taxes € million 158 162 153 120 155
Consolidated net profit € million 100 107 93 65 103
Dividends € million 18 19 20 21 30
EBIT ratio* % 7.5 7.2 6.6 5.6 7.2
Return on equity before taxes % 17.2 16.2 14.3 11.1 13.2
             
Net assets            
Balance sheet total € million 1,619 1,788 1,854 1,859 1,950
Economic equity € million 919 1,002 1,071 1,080 1,172
Equity ratio % 56.8 56.0 57.8 58.1 60.1
Working capital € million 600 706 715 645 766
             
Financial position            
Net financial assets € million 366 268 244 355 303
Cash flow from operating activities € million 121 91 184 254 75
Investment in property, plant and equipment and intangible assets (excluding goodwill) € million 71 108 115 91 90
Depreciation of property, plant and equipment and intangible assets (excluding goodwill) € million 58 61 68 73 75
             
Employees            
Employees, annual average   12,413 13,365 13,331 12,995 12,965
thereof domestic   6,708 6,985 6,913 6,872 6,704
thereof abroad   5,705 6,380 6,418 6,123 6,261
* sales adjusted for precious metals contained in the output