German original equipment manufacturer Romaco Group has reported that the company’s sales during the 2012 fiscal year (FY) increased 16.7% compared to the previous year.
The group also posted 19.4% higher sales of machines and plant in the last FY.
For the year ended 31 October 2012, sales by the group’s Packaging and Processing business units totalled €109m – an increase by 24.4% since 2010.
Romaco Group CEO Paulo Alexandre said, "Our goals for the current fiscal year are to maintain our efforts to boost our share of the international markets while consolidating and extending Romaco’s already powerful position in the world’s key regions."
At the end of the 2012 FY, orders on hand were worth €39.1m, and 38% of the group’s total sales were in its traditional Western European markets.
Sales in Eastern Europe were up by 128% and in the Latin American markets the group recorded 53%.
Romaco Group has worldwide operations and brands spanning multiple industries.