New synergies The Benincà Group builds its future

The Group’s consolidated financial statement as of 31 December 2021 closed with excellent economic and financial results. After the economic/health crisis resulting from the Covid-19 pandemic, all EU countries have recorded significant growth rates in 2021. Italy, for example, closed that year with a 6.5% increase in GDP, higher than Germany and France. In this international setting, we are proud of Benincà Group’s growth in terms of economic-income ratios, marginality and financial strength. We believe it’s because of our teamwork that involved the whole Group and the people who work with us. The indicators that increased the most were our EBTIDA percentage of turnover, which increased by 21% in 2021, and our Net Financial Position.

What does the future scenario look like? Unfortunately, the inflationary pressure and international trade issues caused by the Ukrainian conflict make it difficult to predict the short and medium term economic and financial repercussions on the Italian and international scenario. The Benincà Group’s management, with the Administration - Finance and Control Department, has always been resilient and innovation-oriented, focusing on consolidating its international market position and investing in the group’s companies with higher potential. Thanks to the capital and financial strength acquired in the past year, the Group is evaluating commercial agreements with external partners and the acquisition of shareholdings of strategic companies, focusing on the following three objectives:

- Creating production synergies through commercial agreements with the group’s current suppliers;
- Consolidating our international position by opening new headquarters outside Italy and investing in international target companies;
- Completing our range of products by acquiring companies with high technological know-how.

That’s why the Group will expand Myone headquarters, being aware of the potential of this company specialising in automatic doors. We have already made an offer for a larger and more strategic plant. Therefore, for the future of our organisation, we’ll focus on our growth through new synergies and targets and by consolidating the Group’s companies. Moreover, in 2022, we completed our Elite journey, obtaining its prestigious certification. It was a fantastic experience that gave us the opportunity to share our ideas and vision with other international competitors and professionals.

Laura Baggio - Chief Financial Officer