MIRcolor
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Riello Systems Group Country: Italy
Via Nazionale 10, 37046 Minerbe (VR) Italy. Phone 39-442-641800.
www.riellosistemi.it Brands: Riello, Mandelli, Burkhardt + Weber, Tri-Way
Family held.
Includes Riello Macchine (Minerbe, Italy, transfer lines; founded 1963); Mandelli Sistemi (Piacenza, Italy. Horizontal-spindle machining centers; founded 1932, acquired 2000); Burkhardt + Weber (Reutlingen, Germany. Machining centers, production cells; founded 1888, acquired 2001); Riello Shanghai Production Systems Co. Ltd. (Shanghai, China; opened 1998); and Tri-Way (Windsor, Ont., Canada, transfer lines; acquired 2005).
Values in Millions
Fiscal Year Ended Dec. 2005 Change Dec. 2004 Change Dec. 2003
Total Revenue, € 100.0 6% 94.4 5% 90.2
M-T Revenue, € 100.0 6% 94.4 5% 90.2
Net Profit (Loss), € not stated not stated not stated
U.S. $ Conversion Factor 1.24539 1.24386 1.13208
Total Revenue, U.S. $ 124.5 6% 117.4 15% 102.1
M-T Revenue, U.S. $ 124.5 6% 117.4 15% 102.1
Net Profit (Loss), U.S. $ not stated not stated not stated
Financial Notes:
Sales by region: Italy 19%, Germany 10%, rest of Europe 38%, No. Amer. 16%.   Comas S.r.l. (Vicenza, Italy) acquired 1995. GBC Transfer S.r.l. acquired 1998.