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Family business round up: ERG, Italmobiliare, BMW and Titan Cement

August 7, 2013

Wind power boosts Italian energy group ERG, revenue is down at Italmobiliare Group, BMW brand performs well for BMW Group and Greece-based Titan Cement performs well despite economic woes at home.

ERG

Wind power has boosted core earnings at Italian energy group ERG, up 29% to €120 million in the second quarter.

Family business roundup: Profits up at H&M, down at SHV Holding, Bertelsmann and Italcementi

March 29, 2012

Hennes & Mauritz, the fashion retailer controlled by the Persson family, posted strong quarterly results this week, while three other European family businesses saw their annual profits drop.

Sales at H&M were up 13.6% to SEK27.83 billion (€3.14 billion) in the three months to the end of February 2012, from SEK24.5 billion during the same period last year, the company said on 29 March.

Italcementi acquisition brightens economic gloom

February 17, 2009

Redundancies and company closures may fill the business pages in the current climate but one of Italy's foremost business families has announced it is to oversee a huge European cross-border merger.

The Pesenti family's Italcementi Group, the world's fifth largest cement producer, has agreed to simplify the structure of the business by merging with French producer Ciments Francais in which it holds an 82% stake.