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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 12,000 employees worldwide.
Values in Millions
Fiscal Year Ended Dec. 2010 Change Dec. 2009 Change Dec. 2008
Total Revenue, € 1,023.0 41% 728.0 -35% 1,123.0
M-T Revenue, € 204.6 41% 145.6 -35% 224.6
Operating Result (loss), € (6.0) (32.0)
U.S. $ Conversion Factor 1.32789 1.39463 1.47134
Total Revenue, U.S. $ 1,358.4 34% 1,015.3 -39% 1,652.3
M-T Revenue, U.S. $ 271.7 34% 203.1 -39% 330.5
Operating Result (Loss), U.S. $ (8.0) (44.6)
Financial Notes:
Comau forms the Production Systems sector of automaker Fiat Group, which had revenues in excess of €35-billion in 2010. Comau's estimated 'Machine-Tool Revenue' here is based on historical trends and includes a portion of revenue from its its Powertrain Machining & Assembly Business Unit. Other Business Units include Body Welding & Assembly, Robotics & Maintenance Services, and Aerospace Production Systems.