Internationalisation

Pro-Gest takes part in the Elite project of Borsa Italiana (the Italian Stock Exchange)

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The Pro-Gest Group, an Italian enterprise in Treviso (Veneto Region) which produces paper, cardboard, packing material and packaging, but which is also a strong player in Europe in the recycling sector, started in Milan in the offices of the Italian Stock Exchange Borsa Italiana by applying for the new session of the Elite programme, the platform of integrated services which came into being to support and endorse the best Italian SMEs with the aim of helping them to grow and become global leaders.

Joining the Elite programme, Pro-Gest continues to strengthen and strategically consolidate itself for the purposes of industrial growth, including in terms of foreign markets

The Zago family holding company ended the 2014 financial year with consolidated revenues equal to 351 million Euros, with an increase of +13% compared with 2013. The Ebitda also rose from 40 million in 2013 to 50 million Euros in 2014, equal to +25% over the year. These results are the outcome of market strategies aimed at the diversification of production and industrial choices which favour technological investments and vertical integration.

Francesco Zago, director at paper factory in Villa Lagarina, Gruppo Pro-Gest
Francesco Zago, director at paper factory in Villa Lagarina, Gruppo Pro-Gest.

«This pathway», declares Francesco Zago, General Director of Pro-Gest, «is a way to increase the expertise needed within Pro-Gest in order to further develop our Group. Furthermore, participating in Elite will give us the means to relate more with the world of finance and be part of a top-level network on the national and international scene». Application to the Elite project indeed is not only aimed at companies interested in being listed on the stock market, but also at anyone who wants a private equity or a bond issue, like, for example, a mini-bond. In addition, it is useful to companies wanting to improve their internal processes in order to obtain a more effective response from the banking system. «As I have said on several occasions, including recently» concludes Bruno Zago, Chief Executive Officer of the Group, «up until now Pro-Gest has carried out its own investments, drawing on internal resources, effect of a management which has brought good economic results. But if we want to continue to grow in a structured manner it is right to turn to external investors. We have not yet taken any decision regarding this but we are not excluding any option. We only want to be certain that whatever developments open up, we will be ready to face them in the best way, from all points of view».

Bruno Zago, owner of Pro-gest Group.
Bruno Zago, owner of Pro-gest Group.

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