What is the 2005 net profit of the ITEMA Group (Italy stock exchange) ? 
A bonus would be to receive their annual reports.

According to a May 2006 press release, the Itema Group obtained a
turnover of EUR 605 million in 2005.

Excerpt:

"The ITEMA Group now embraces 9 companies and 7 development centres
and is represented in more than 90 countries. In 2005, with a
workforce of 2.700, the group achieved a turnover of EUR 605 million.
The ITEMA Group includes the following companies: Savio (winding
machines), Promatech and Sultex (weaving machines), First
(accessories) and Eutron (electronic components). Companies operating
abroad: Itema India, Itema Shanghai Textile Machinery, Itema Asia."

http://www.acimit.it/comunicati/pr_2006_05_itema_reinforces_position_in_textile_machinery_business_e.pdf


----------------------------


Chinese market- 30 millions EURO for year 2005

"Itema Group is present on the Chinese market with a production site
since 2003. In the 20.000 sqmt production facility, of which 6.000
fully covered, 170 people are employed with an overall turnover of
around 30 millions of EURO for year 2005. The production for 2006 is
expected to be of 2200 looms in excess with a turnover of 55,4
millions of EURO."

"... a global turnover of 605 millions of EURO in 2005, now represents
the main textile machinery Group in the world."

Press Release: May 11, 2006
http://www.acimit.it/comunicati/comunicato%20stampa%20x%20Cina_gb.pdf


----------------------------


According to a July 2005 press release their turnover in 2004 was of
about 645 millions Euro.
http://www.acimit.it/comunicati/press%20release%20%20ITEMA%20july%202005.pdf


----------------------------

I did not find the Itema Group listed on the Italian Stock Exchange.

http://www.borsaitalia.it/homepage/homepage.htm

http://www.borsaitalia.it/bitApp/quotes.bit?target=SearchQuotes&grp=iniziale&param=A&lang=en



Search terms:
Itema Group +
Itema Group Italy Stock Exchange
Itema "Borsa Italia"

---

Clarification of Answer by bobbie7-ga on 12 Jun 2006 09:17 PDT

A special thanks to Answerfinder-ga for these reports.

Itema Group 2002
http://www.itemagroup.com/italiano/bilanci/bilancio_itema_2002.pdf

Itema Group 2003
http://www.itemagroup.com/italiano/ITEMA31122003.pdf

nfortunately, I was unable to locate more recent reports either.

---

Request for Answer Clarification by dogsbollocks-ga on 23 Jun 2006 05:39 PDT

Dear Bobbie7 and answerfinder,

I apologise but I must close this question. The request was for the
annual income of the company in 2005, not turnover etc.

Kind regards

---

Clarification of Answer by bobbie7-ga on 23 Jun 2006 05:46 PDT

Thank you for your clarifcation. I will try to find annual income for
the ITEMA Group.

Looks like they got bored with putting annual reports on their web
site. These are the 2002 and 2003 reports.
http://www.itemagroup.com/italiano/bilanci/bilancio_itema_2002.pdf
http://www.itemagroup.com/italiano/ITEMA31122003.pdf