Double-digit revenue growth, over 5,200 employees, positive results across all businesses. Yesterday, 17th May, the Consolidated Financial Statements were presented at the Parent Company (SACMI Imola) Shareholders' Meeting. President Paolo Mongardi stated: “In 2023 SACMI strengthened its reputation and leadership. Financial solidity, innovation and investment in skills are the prerequisites that allow us to look to 2024 confidently as our 105th anniversary approaches”
SACMI closes 2023 with revenues in excess of €2 billion (2.036, +12%), the best result in the Group’s history, with net assets at €883 million. Employment also grew and now stands at 5,200 people worldwide, +8% on 2022. These are the highlights from the Consolidated Financial Statements, presented yesterday, 17th May, at the Parent Company (SACMI Imola) Shareholders' Meeting.
“In 2023, SACMI further strengthened its reputation and leadership”, pointed out Paolo Mongardi, “by investing in new products, skills and by taking customer support facilities and services to the next level”. An impressive result, then, especially in light of a macroeconomic outlook characterized by ongoing uncertainty: “SACMI has skillfully adapted its strategy to circumstance, identifying new growth opportunities together with its customers,” explained Paolo Mongardi.
At sector level, all SACMI Businesses closed with positive performance indicators and, in most cases, with their best result ever. One key factor in the result was the persistence of the exceptional economic recovery of 2022, which generated a large order backlog. Moreover, customers immediately rewarded the company's ability to deliver further innovation at product, production process and service level.
System digitalization continued to be a cross-business growth driver, as did investment in sustainability. The year 2023 also saw the finalization of two major operations: acquisition of 100% ownership of BMR (ceramic slab/tile squaring, cutting, lapping and surface finishing) and the establishment of SacmiCassioli Intralogistics (automation of plant logistics).
From an ESG (Environmental, Social, Governance) sustainability perspective, the SACMI Group had a highly satisfying 2023, again characterized by intense research and development, high levels of investment and the addition of new strategic skills.
Some examples, described in the Group's 2023 Integrated Annual Report presented yesterday at the Assembly, include: the first prototype of a 100%-hydrogen tile kiln, sanitaryware plants that reduce water usage by up to 90%, the accelerated implementation of new standards for lighter, higher-performing caps (with ready-to-use solutions to streamline the customers’ transition) and new eco-sustainable wrapping materials for the packaging sector, plus, last but not least, further expansion of the Advanced Materials business and the new Energy Division (photovoltaic systems).
Alongside the technology, SACMI has also improved the environmental performance of its manufacturing facilities: it has reduced gas consumption by 9%, self-produced 10% more electricity, reduced direct emissions by 9%, cut water and waste production (-13%), all against an increase in sales and hours worked.
Commitment to R&D remains strong - nearly 6,000 patents have now been filed - as does the acquisition of new skills, with more than 50% of new hires aged under 30. The company remains committed to local communities. No less than 89% of purchases are from local suppliers and, over the last 3 years, €1.9 million has been donated to charity projects in communities where the Group's production facilities are located.
In short: investment in human capital, financial and economic solidity and a clear innovation-focused strategy that, according to Paolo Mongardi, “allow us to look to 2024 with confidence as our 105th anniversary approaches”.