Bravi exceeds half-year growth forecast
08 July 2022
Italy-based Bravi Platforms has exceeded its expected revenues for the first half 2022, with orders for the period slightly higher that it predicted - up 60% on its 2021 figures.
While in real terms this actually equates to a 20% increase in turnover on the previous year - due to the widespread supply chain disruption and the delays it has caused to component deliveries - the figures do keep the low-level access equipment manufacturer on track to achieving its forecasted 50% rise in sales.
Much of the rise in orders for the first half of this year was attributed to the success of two of the company’s vertical mast models.
Bravi’s 2.9m Leonardo HD achieved a 57% increase in year-on-year sales and its Spin-Go model, which has a maximum working height of 2.1m, “unexpectedly” saw a 100% rise in sales.
Pierino Bravi, the company’s CEO, said, “Considering the projected growth rate given by the current order balance, we estimate to be able to close this 2022 with a global increase in sales of a +50%.
“However, due to these delays from our suppliers we estimate that the actual revenue will translate only into a +30% increase in overall turnover, despite our increased production capacity.”
Focusing on strengthening its team and automation, Bravi recently increased production of both the Leonard HD and its Sprint vertical mast models, raising them from 15 to 25 and 10 to 15 units a day respectively.
Now, with solid growth forecast for the full year, Bravi is now expected to announce further investment plans for 2023 over the coming months.