Capture Global Opportunities
The Case of Permasteelisa
Permasteelisa (www.permasteelisa.com) has been part of the Investindustrial group since 2002. The company is a worldwide leading player in the engineering, production and installation of exterior curtain walls for buildings with sales of €1.1 billion in 2008.
Permasteelisa is a global company with a significant presence in Europe and the Middle East (54% of exteriors sales), North America (23%) and Asia (23%). The geographically well-balanced revenues help to mitigate downturns in single markets.
In 2008 EBITDA margin increased by 45% from 4.1% to 6.0% thanks to the numerous industrial initiatives taken by the group. In particular, in parallel with the reorganization of the US operations and the introduction of new risk management tools, management implemented a new policy for project selection aimed at minimizing the number of loss making contracts and focusing on more profitable business opportunities. Order backlog has nevertheless remained high at €1.4 billion.
The company also has a number of interesting growth opportunities both in terms of sales and profitability in the development of new photovoltaic projects in buildings, a sector where the company has undertaken a number of joint ventures.