Gévelot: a BU simplification, buybacks, focus on improving profitability…
… in a capex light cyclical business with a rock solid balance sheet
Gévelot produces and sells pumps which help to extract petrol and gas as well as food (in a dense form). Their pumps are sold under the brand PCM (Pompes Moineau). These pumps can work under much higher pressure levels than conventional pumps which is great to ensure a stable flow whatever the viscosity (heavy liquids like petrol or cereal) and the pressure. Clearly the business is linked to the evolution of the price of petrol. Since Mario Martignoni became CEO in 2015 after the death of his father lots of things have been happening.