SACMI achieves the best result in its history with record sales of 2 billion euros

SACMI has achieved great success in the year 2023, surpassing the figure of 2 billion euros in sales. This demonstrates significant growth compared to previous years and a good business strategy on the part of the company.

During the Shareholders’ Meeting of the Parent Company (SACMI Imola) held on May 17, the Consolidated Financial Statements were presented, highlighting double-digit revenue growth, with more than 5,200 employees and positive results in all its businesses. President Paolo Mongardi stated that in 2023 the company has strengthened its reputation and leadership thanks to its financial strength, constant innovation and investment in skills. All of this allows them to look confidently to the future, especially as they approach their 105th anniversary.

SACMI closed its fiscal year 2023 with an increase in revenues, exceeding €2 billion (a total of 2,036), representing growth of 12%. This is the best result in the Group’s history and its net assets have also increased, reaching 883 million euros. The company also increased its workforce by 8% to 5,200 employees worldwide at the end of the year. All these data were presented yesterday, May 17, during the Shareholders’ Meeting of the Parent Company (SACMI Imola).

According to Paolo Mongardi, in 2023 SACMI managed to strengthen its reputation and leadership through investments in new products and skills, as well as by improving its facilities and customer support services. This achievement is even more impressive considering that it occurred at a time of economic uncertainty and thanks to the company’s strategic adaptation to the circumstances, identifying growth opportunities together with its customers.

On the business side, all of SACMI’s divisions closed the year with positive results, and in most cases, the best to date. One of the key factors in this success was the continued exceptional economic recovery in 2022, which generated a large backlog of orders. Customers were also quick to praise the company’s ability to offer greater innovation in its products, production processes and services.

During 2023, the digitalization of the system and investment in sustainability continued to be key factors for the company’s growth. In addition, two important operations were carried out: the total purchase of BMR, a company specialized in ceramic processing and finishing, and the creation of SacmiCassioli Intralogistics, a company in charge of automating plant logistics.

In terms of environmental, social and governance sustainability, the SACMI Group had a successful year 2023, which was marked by intense activity in research and development, high investments and the acquisition of new strategic skills.

According to the Group’s 2023 Integrated Annual Report recently presented to the Assembly, significant progress has been made in terms of sustainability and efficiency. These include the development of a tile kiln that runs entirely on hydrogen, the implementation of sanitary plants that reduce water consumption by up to 90%, the accelerated adoption of new standards for lighter and more efficient closures (with ready-made solutions to ease the transition for customers), as well as environmentally friendly packaging materials in the packaging sector. In addition, the Advanced Materials business has been expanded and a new Division focused on Energy through photovoltaic systems has been created.

In addition to focusing on technology, SACMI has also made efforts to improve the environmental impact of its production plants. They have achieved a 9% reduction in gas consumption, a 10% increase in electricity production and a 9% decrease in direct emissions. They have also managed to reduce water and waste production by 13%, all while increasing sales and hours worked.

Despite the passage of time, the company’s commitment to research and development remains strong, having filed a large number of patents and acquiring new skills through young hires. They also have a strong commitment to local communities, with 89% of their purchases coming from local suppliers and have donated a significant amount to charitable projects in the areas where their facilities are located.

In summary, the company focuses on investing in its people, maintaining financial and economic stability and pursuing a strategy of innovation. According to Paolo Mongardi, these actions will allow them to have confidence in their future and approach their 105th anniversary in 2024.