SAMP Group has announced its financial results for the 2021 fiscal year. These show a dramatic increase in profitability with a 2021 profit margin of 5% on sales of €12.9m.
SAMP Group has implemented rapid performance improvement measures since the transfer of ownership to management and HVD Partners in October 2021. These include a revitalization of leadership, implementation of enterprise IT and operational improvements, and a rebranding of the company. Customers have reaffirmed their confidence in SAMP’s new owners and managers by placing an unprecedented number of new machine orders in Q4 2021. Changes initiated by the board and management have contributed a rapid improvement of SAMP’s financial performance in the 4th quarter.
Management is implementing further steps to expand SAMP’s product and service offering in 2022. In particular, the company will strengthen its spare parts and after-sales services in order to better serve its existing customers and improve care for its extensive installed base. Changes are expected to further improve revenues and profitability during the year.
For more information, please contact
Teodoro Ceglia, SAMP Group CEO
For general enquiries: d.molinari@sampgroup.com
About SAMP
SAMP is a globally recognized leader in the design and production of precision wire and cable manufacturing equipment. The company provides life-cycle management, spare parts and service for a vast installed base developed over many years. Founded in 1936, the company has maintained a legacy of Italian engineering innovation and craftsmanship to Wiring the World.
The SAMP team has done a remarkable job of quickly restarting our full operations in Europe, North America and Asia following the change-of-control. We look forward with great optimism regarding improved service to our current clients and winning-over many new clients to our innovative wire and cable solutions.
