Consolidated financial statement at 1.4 billion euros, rising net worth

Positive results across all business sectors. The increasing specific weight of the Italian market “reflects a significant rise in investment within the industry” stated Paolo Mongardi, president of Sacmi Imola, during the presentation of the Group's consolidated financial statement at the recent shareholders’ meeting. With revenues from sales and services at 1.4 billion euros - about 40 million more than in 2015 - and a net worth of 642 million euros, Sacmi has produced, for the third year running, one of the best results in the cooperative's history.

“As with the parent company, Sacmi Imola, the Group's consolidated financial statement", points out president Paolo Mongardi, “is a decided improvement on both the budget forecast and the previous year's performance: sales are rising and the consolidated net result - higher than in 2015 - stands at about 34,5 million euros”.

These results are being driven by the excellent performance of the Ceramics and Closures & Containers Divisions. In 2016 the former - which represents about 70% of the volumes generated by SACMI Imola - strengthened the growth patterns established in previous years. “Highly positive results were achieved”, explains Mongardi, “on both Italian and European markets, a sign of Italian firms' renewed willingness to invest and the success of Sacmi’s continuing focus on product innovation, efficiency and plant automation”.

Particularly noteworthy were Sacmi's Industry 4.0 projects, part of a broad policy encompassing all the cooperative's divisions and businesses. Alongside ceramics, recent developments by Sacmi in the beverage industry have focused on total integration of production lines, from cap to preform, from filling and labelling to secondary packaging.

“In 2016", observed Sacmi's president, “Italy confirmed its status as the Group's main market with sales in excess of 200 million euros - that's about 15% of overall volumes - and a higher specific weight in both absolute terms and with respect to the high innovation content of most projects. A clear sign, then, that Italy and, more generally, Europe, beginning with the long-standing Spanish market, have resumed heavy investment in the industry”.

The positive performance is also reflected in the employment figures: the Group as a whole now has 4,239 employees (almost 60 more than the previous year), over 2,900 of whom work in Italian facilities (hardly a foregone conclusion for an industrial Group that continues to generate a good 85% of volumes on foreign markets).