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Comau S.p.A Country: Italy
Via Rivalta 30, 10095 Grugliasco, Torino, Italy. Phone: +39-11-68-49-111.
www.comau.com Brands: Comau, PICO, Renault Automation
Listed: Borsa Italiana. Symbol: FIAT www.fiatgroup.com
Owned by automaker Fiat. Originally the 1973 COnsorzio MAcchine Utensili of Fiat's Turin-area suppliers. Includes ownership of Progressive Tool and Industries Co. (PICO) in U.S., Sciaky S.A. and Renault Automation in France. Over 11,400 employees worldwide.
Values in Millions
prelim
Fiscal Year Ended Dec. 2009 Change Dec. 2008 Change Dec. 2007
Total Revenue, € 728.0 -35% 1,123.0 3% 1,089.0
M-T Revenue, € 145.6 -35% 224.6 3% 217.8
Operating Result (loss), € (32.0) - (33.0)
U.S. $ Conversion Factor 1.39463 1.37074 1.37074
Total Revenue, U.S. $ 1,015.3 -34% 1,539.3 3% 1,492.7
M-T Revenue, U.S. $ 203.1 -34% 307.9 3% 298.5
Operating Result (Loss), U.S. $ (44.6) - (45.2)
Financial Notes:
Comau forms the Production Systems sector of automaker Fiat, which had revenues in excess of €50-billion in 2009. Comau's 'Machine-Tool Revenue' here is that of its Powertrain Systems Business Unit, which accounted for 20% of total orders in 2008 (same in 2007). Other Business Units include Body Welding & Assembly (36% of total), Robotics (9%), Service (19%), and Dies & others (16%). Operating result includes cost of restructuring.