EPTA SPA’S BOARD APPROVES THE 2020 CONSOLIDATED FINANCIAL STATEMENT

22/04/2021

EPTA SPA’S BOARD APPROVES THE 2020 CONSOLIDATED FINANCIAL STATEMENT

The Board of Directors of Epta S.p.A. – a multinational group specialising in commercial refrigeration – has met under the Chairmanship of Marco Nocivelli to approve the consolidated financial statement of the Company as at 31 December 2020. The financial statement was drafted in accordance with International Financial Reporting Standards (IFRS) drafted by the International Accounting Standards Board (IASB), as ratified by the European Union.

THE MAIN CONSOLIDATED RESULTS FOR 2020

Revenue from sales and services for the business year totalled €908 million in 2020, down 5% on the previous year, a drop which was mainly concentrated during Q2. The main causes include the Europe-wide lockdown for manufacturing businesses and, during the same period, the deferral of investments in new Retail stores and refurbishments. The second quarter, on the other hand, saw business recover in full, notching up turnover in line with forecasted figures. The figures by geographical area are as follows: €714 million in the EMEA macro area, €56 million in the APAC area, and €138 million in the AMERICAS.

The Group’s net income for the financial year totalled 19 million.

The Net Financial Position was 81 million, with an improvement on 2019.

2020 closed with Net Assets of €313 million, up on the previous year’s figures.

2020 INVESTMENT PLAN

Epta is pursuing a strategy to further reduce impacts on the planet’s resources in keeping with Circular Economy principles. Its aim is to achieve a future founded on economic, social and environmental sustainability. The Group’s development Plan includes dimensional growth along both internal and external lines, with a view to accomplishing ever-higher standards in financial performance and efficiency.

In 2020, it made consolidated investments of 25.2 million Euro in product innovation and modernising its production premises.

Over the course of the year Epta expedited the introduction of new solutions; in February 2020 it presented over 50 launches at Euroshop, the sector’s largest trade fair worldwide. Implementation in the Food&Beverage segment has chiefly focused on introducing IoT technologies, whilst Retail has focused on developing ranges for Discount stores, medium and small formats, as well as systems designed specifically for the US market. In addition, in a bid to meet emerging consumer needs and offer Retailers the broadest possible support, the Group has boosted its range of #EPTABricks refrigerated lockers to pick up shopping ordered online (fresh produce, frozen and room-temperature products) 24h a day. It has also been working alongside FrescoFrigo as industrial partner in a joint venture to create micro-supermarkets for condos which can be accessed round the clock, using its Iarp-branded refrigerated cabinets.

2020 also saw work on the Group’s premises. First and foremost this involved restructuring the way work is organised, bringing working premises into line with the safety regulations currently in force. But it also saw the inauguration of new production lines and the adoption of state-of-the-art systems which will reduce its carbon footprint. In addition, Epta has also been promoting agile and Smart Working.

Last but not least, as part of an agreement with the Development Authority of the city of Columbus GA in the USA, Epta has announced an investment plan upwards of 26 million dollars for the premises of its subsidiary company, Epta Kysor Warren US. This will allow it to create over 200 jobs by 2022, expand the product portfolio and enhance customer service.

Marco Nocivelli, Chairman and CEO of Epta S.p.A. said: “The health and safety of our staff, creating value for stakeholders and business continuity were our priorities in 2020. In a year which proved challenging for everyone, we demonstrated that ours is a strong team thanks to the contribution of people, the driving force behind the Epta Group. The company has transformed itself and adapted, proving that it is a resilient company in a resilient business. We reacted promptly and provided a rapid response to market needs, focusing on innovation, sustainability and proximity. In spite of the exceptional circumstances at this juncture, Epta has opted to continue pursuing its investment plan, allocating 25.2 million Euro to R&D whilst upgrading its production premises. It is tangible proof of continuity, and one which fosters confidence in local communities. We have also promoted a number of charity initiatives in the areas where we operate, highlighting the importance of giving back to local areas.” He continued: “2020 gave us the opportunity to integrate and consolidate the five companies purchased in 2019 in Romania, the USA and Mexico, New Caledonia and Poland. This strategy will allow us to further expand our range of action, strengthen market shares in key areas, offer the very latest technologies, and assist clients directly.” He concluded: “Given our efforts, I think we can look to the future with heightened awareness whilst ensuring we are totally dedicated to the process of incorporating ESG criteria in our business.”

THE ECONOMIC SCENARIO

The start of 2020 saw the start of the pandemic, which is still underway. It has had a marked effect on economic, political and social life worldwide. In 2020, there was a 4% fall in GDP worldwide on the previous year’s figures. The impact was felt most in the Euro area, UK and Latin America, with gross domestic product falling by 8%. In the USA, the average value was -4% whilst Asia Pacific saw a downturn of -2%. The closures seen across the board had different knock-on effects in the sectors Epta operates in. Whilst Food&Beverage, which is linked to Ho.Re.Ca. trade, saw one of the largest downturns in recent decades, Large Scale Retail was one of the least-affected areas.

2020 saw profound changes to shopping habits, dictated by restrictions which resulted in meals being eaten almost exclusively at home. This in turn translated into a sociological evolution in the way people buy goods, and rapid acceleration of existing trends. In Europe, for example, the expansion of the omnichannel strategy, growth of Click & Collect, a return to neighbourhood shops and the success of Discount stores were all significant. The APAC area is increasingly witnessing a marked shift towards small-size formats in urban areas, whilst the USA has seen further consolidation of the e-commerce phenomenon.

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THE EPTA FOREST CONTINUES TO GROW, WITH TREEDOM

22/04/2021

On the 51st Earth day, launched by the United Nations, Epta confirms its commitment and renews its collaboration with Treedom, the first web platform to plant a tree at a distance and follow its growth.

The partnership with Treedom was launched in 2018 to support the reforestation of an area in Veneto hit by the Vaia Storm, a violent cyclone that damaged 100,000 hectares and felled millions of trees, putting at risk the environmental balance and the hydrogeological stability of the area. The first Epta business forest, of 100 trees, was planted to highlight the closeness of the Group to an area where it has been historically present with its Costan and Eurocryor brands and the production sites of Limana, in the province of Belluno and Solesino, in the province of Padua.

Today, the partnership with Treedom is renewed to highlight how growth in Epta is increasingly oriented at delivering benefits that include the environment and society. For this reason, the Group will encourage the planting and care of 1500 fruit trees in Colombia, Ecuador, Haiti, Kenya and Tanzania. This three-year plan will increase the carbon neutrality of the Company, restore biodiversity and contribute to combating climate changes. The trees planted to date have absorbed up to 126,000 kg of CO². The programme will also have a strong social value, thanks to the training and financing of local communities. The trees and their fruits are the property of the farmers, who can supplement their income and, in some cases, start micro-entrepreneurship activities. A virtuous initiative, in line with the goals of sustainable development established by the 2030 Agenda of the United Nations, to protect the planet and guarantee prosperity for all.

To involve all employees directly and make them feel part of the project, Epta will donate a tree to all new hires and to employees who will retire, who will be able to follow its growth. Each Treedom tree is geo-located, photographed and has its own online page updated regularly. Collaborators can also contribute by planting a tree that will enrich the “Epta forest”.

Have a look at #EptaPeople Forest!

 

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EptaService E-commerce: Just a click away from renewed features for an excellent service

21/04/2021

The vast range of after-sales services offered by Epta with its EptaService brand is enriched by new features, available on its online platform, dedicated to the purchase of spare parts. The implementations integrate with a high value added proposal that includes, in addition to remote monitoring and customer service, retrofitting and first class technical support for a fast, effective and widespread repair service.

The e-commerce platform, which is even more practical and intuitive, has been renewed to enable users to verify the availability of components in real time by means of a simple and quick search, carried out in two different ways. Based on preference and need, customers can choose to start from the name, code number and production date and browse the 3D drawings of the model selected in their search for a specific spare part; otherwise, they can insert the serial number and browse the catalogue filtering by categories.

Maximum flexibility, also in delivery times: the new centralised and automated warehouse makes available 32,000 codes, guaranteeing deliveries in 24/48 hours.

The renewed EptaService web service platform now ensures a more dynamic management of all operations, with the possibility to differentiate access to the online catalogue depending on the individual role, in order to optimise the selection and purchase of components.

Furthermore, it is possible to save the list of articles of interest in the cart, share it with colleagues and change it before proceeding. Once the order has been finalised, the new ASN (Advanced Shipment Notice) system sends a notice confirming shipment and guarantee the Customer real time monitoring of the products (e.g. carrier used, tracking…).

Finally, if not all the ordered spare parts are available in the warehouse, the Customer can opt for a partial delivery and immediately receive those already in stock.

Haven’t you signed up yet? Contact our After-Sales support team ServiceSupport@eptarefrigeration.com

 

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Epta joins the CSR Manager Network

26/03/2021

Epta joins the CSR Manager Network this year, as further confirmation of its sustainable growth project and its commitment to territorial protection and the promotion of initiatives in favour of the community and inclusion.

The association was set up in 2006 to bring together Italian professionals who are dedicated to the management of social and environmental issues in Companies and Organisations. It also represents the Italian arm of an international network of similar consortia. It is partner of the World Business Council for Sustainable Development (WBCSD), of the Global Network and a member of the European Association of Sustainability Professionals (EASP).

Thanks to the openness to international communities, the CSR Manager Network stimulates the sharing of expertise, approaches, standards and best-practice. The aim is to bring together reciprocal experiences, in favour of affirming sustainability as a key element for responsible business development, future-proof. Finally, the CSR Manager Network constitutes a body for representation and dialogue with the political world, business associations, unions and NGOs. It also participates in national and international debates to enhance the culture of sustainability and improve the competitiveness of businesses, contributing to real social progress.

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Performance and reliability: Epta bestowed with the Budgetary Performance High Honour of the Industria Felix Award

18/03/2021

Epta was rewarded today as one of the best entrepreneurial companies of Lombardy for managerial performance and financial reliability, during the second “virtual” leg of the 2021 tour of Industria FelixL’Italia che compete.

The Award, as indicated by the Latin adjective, acknowledges “the inventiveness, zeal and determination” of Companies that contribute, thanks to the quality of management, to social well-being and economic progress in Italy. The initiative, organised by the homonymous quarterly magazine supplement of Il Sole 24 Ore, the main Italian economic-financial daily, is realised in association with prestigious international partners.

Epta, following an assessment of the key budget parameters, followed by an analysis by the scientific committee of economists, entrepreneurs and managers, has been declared one of the best companies with an international vocation for managerial performance and financial reliability by Cerved, with legal headquarters in the region of Lombardy.

“Companies are the true driver behind the restart” declares Marco Nocivelli, President and Chief Executive of Gruppo Epta, who continues, “To have received the Budgetary Performance High Honour of the Industria Felix Award fills us with pride. This new milestone is a further stimulus to improve and look to the future with confidence, enhancing the work of all the employees of the Group, to whom go my heartfelt thanks. Their commitment and dedication are crucial to continue to grow on the international scene, in full respect of the founding values of Epta, merging tradition, technological innovation and protection of the environment, to prepare for the future and promote the affirmation of the Circular Economy.”

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CLEAN ENERGY FOR THE PRODUCTION SITE OF CASALE, THANKS TO THE NEW PHOTOVOLTAIC SYSTEM

10/03/2021

Epta strengthens the programme of interventions to reduce the carbon footprint of its factories with a photovoltaic system in Casale Monferrato. This important operation has a twofold objective: to carry out an active role in achieving the challenging targets of the Green Deal and to affirm its close relationship to the community.

The proposal under discussion in Brussels to progress to a climatically neutral economy is, in fact, to lower the greenhouse gas emissions to at least 55% by 2030 compared to the levels of 1990, also promoting actions to increase the energy efficiency and use of renewable sources, such as the adoption of solar energy.

The new photovoltaic system has been in operation since January and generates about 960,000 kWh/year, equal to approximately 25% of the total requirement of the sites of Via Motta and Via Grandi. A long-term investment that becomes the symbol of the will of the Company to grow in the area of Casale and generate local benefits.

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AN INCREASINGLY EFFICIENT ENERGY POLICY: THE SITES OF LIMANA AND SOLESINO OBTAIN ISO 50001 CERTIFICATION

05/03/2021

Epta has always been active in promoting sustainable development and, to achieve the highest standards, it is constantly committed to increasing the environmental and energy performance of its production sites, merging protection of the resources and reduction of energy consumption for the units produced. A virtuous process that is renewed with the recently obtained ISO 50001 certification for the plants of Limana and Solesino in Veneto, Northern Italy, in line with the numerous activities defined by the Company to respond with tangible actions to the Climate and Energy Framework 2030 of the European Union. Furthermore, the criteria underlying the certification reflect the SDGs (Sustainable Development Goals) proposed by the UN, namely clean and accessible Energy and Battle against Climate Change, with which the Company has shown a natural convergence. 

The certification, already obtained in 2016 by the site of Hendaye in France, specifies    the requirements to create, start, maintain and improve an Energy Management System (EMS). Following the “Plan-Do-Check-Act” cycle, it defines a systematic approach for long-term continuous improvement. The goal of Epta is to facilitate the optimization of the performance of its sites, assessing at the same time the energy efficiency and the use of energy along the entire value chain. Furthermore, alignment of the ISO 50001 with the structure of the other standards, such as ISO 9001 for Quality, ISO 14001 for the Environment and ISO 45001 for Safety, facilitates the implementation of the Integrated Certification System pursued by the Group.

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Five years alongside FAI: Epta continues its commitment to the enhancement of Italian heritage

09/02/2021

Epta renews its commitment to FAI – Italian Environment Fund, to confirm the Company’s attention to the territory, community and artistic and landscape heritage.

This project is deeply rooted in sharing the importance of making cultural assets accessible, to promote the knowledge of the “beautiful” and raise awareness at a collective level to the respect and enhancement of the environment. These principles are also dear to Luigi Nocivelli, who has been co-operating with FAI at length. The Group became Corporate Golden Donor of FAI in 2015 to pay tribute to its Founder. A solid collaboration that has evolved over the years and has seen the Company and the Nocivelli Family protagonists of interesting initiatives. Among these stand out the restoration of the facades of the Abbey of San Fruttuoso in the bay between Camogli and Portofino (in Northwest Italy) and adherence, recently re-confirmed, to the new plan to support and enhance Villa dei Vescovi, early 16th century palace nestled among the Euganean Hills, in Veneto (in Northeast Italy) where in recent years an antique ice-house was discovered and brought to light. This collaboration stems from the desire to strengthen the connection with the area where the Group is historically present with its production sites of Limana in the province of Belluno and Solesino in the province of Padua.

“For family-owned companies it is important to do business in the places where the entrepreneurial challenge arose and where the values that anchor them to the community are stronger. At a time like this, it is even more important to take action to contribute in a concrete way to the protection of the Italian heritage. Driven by my father’s example, we commit ourselves alongside FAI, as a company and as a family, to promote the Italian cultural heritage and pass it on to the future generations,” declares Marco Nocivelli, Chairman and CEO of the Epta Group.

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THE EPTA GUIDE TO ECODESIGN AND ENERGY LABELLING

25/01/2021

On 1 March 2021, the Ecodesign (2019/2024) and Energy Labelling (2019/2018) Regulations will come into force for all products entered by the European Commission into Lot 12: commercial refrigeration equipment to display and sell fresh and frozen products in the sector of Large-scale retail, Ho.Re.Ca. and Food&Beverage.

Ecodesign and Energy Labelling are two twin regulations that work together to achieve the same goal, according to a push-pull logic. Ecodesign, in fact, sets the minimum efficiency requirements for the products that will be put on the market. It will act as a “filter” that will help to eliminate the less sustainable solutions. Energy Labelling provides the introduction of a sticker that shows annual consumption, the energy class of each chilled cabinet and further information useful to the Retailers and to the specifiers of the Ho.Re.Ca. sector to make an informed choice. Consequently, both regulations are indirectly intended to promote innovation and competitiveness among manufacturers to reduce the consumption and environmental impact of refrigerated equipment, increasing the performance of the solutions” declares Francesco Mastrapasqua, Institutional Affairs Manager of Epta.

Thanks to Energy Labelling and to the Database of the European Commission EPREL, the EU Product Database for Energy Labelling, Customers can compare apparently identical equipment with different levels of performance to make the best choice. In the initial scenario, it is envisaged that classes A and B are empty, due to the low levels of consumption set, to steer the market towards the steady increase in the average efficiency of the systems. Therefore, it is important to clarify that, unlike other categories where the energy labelling has been in force for several years, to purchase a chilled cabinet in class C in 2021 will mean having chosen a best-in-class product.

To offer its Customers an effective tool to implement the new regulations correctly, Epta has taken part in the workgroup that has drafted the “Guide to the Interpretation of the Ecodesign and Energy Labelling Regulations” by Eurovent. This document provides a set of rules and instructions that fill the gap between the obligations and the requirements of the regulations and the numerous variations of chilled cabinets available. The report will be shared during the webinar on 26 January, which will include Epta’s Francesco Mastrapasqua among the speakers.

https://register.gotowebinar.com/register/8625649340214020366?fbclid=IwAR3Z7CvHonvHgPaGk75hruYqkocXCdVSH9Kerc5cacj7c4pZjTjxxeT3pfs

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EPTA AND FREDDO S.A., 30 YEARS OF SUCCESS

11/01/2021

The Epta Group is proud to celebrate thirty years of collaboration with FREDDO S.A., one of the largest distributors in the commercial refrigeration sector in Greece and Cyprus. The partnership goes back to 1990, when the CEO of FREDDO Mr. George Lionis, signed the agreement for the distribution of Costan brand in Greece.

Passion, far-sightedness, reliability: these are the pillars underlying the cooperation between FREDDO and the Epta Group. The two companies share the will to strive for excellence, offer cutting-edge technologies and the best support to its Customers, promoting turnkey projects and the diffusion of solutions that merge design, performance and sustainability.

A history of success and significant achievements. In 2010, Epta and FREDDO produced the first CO2 subcritical system in Greece and in 2016, together, they signed the first CO2 transcritical installation in Athens. Innovation is ongoing and, in 2019, they introduced the patented system FTE Full Transcritical Efficiency in five stores of the AB Vasilopoulos, Diamantis Masoutis and Sklavenitis Group chains.

 “In these first thirty years, we have achieved important results thanks to the close cooperation between our teams. Being able to rely on a team of 70 collaborators, Freddo is able to offer a complete range of products and services and follow the entire process, from the supply to the installation and technical support”, states Massimo Marcer, General Manager of Epta International, who continues: “We are delighted to celebrate thirty years together. We are sure that our partnership will be further strengthened under the guidance of Nikolas Lionis, son of the founder and current Operations Director of FREDDO”. He concludes: “Building on the technical expertise of FREDDO and on the cutting-edge technology of Costan solutions, we are ready to meet the challenges of a market which is increasingly competitive, promoting a green revolution”.

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