Argotec, the balance sheet will also take off in 2025
Revenues (+60%) at a record 57 million, Ebitda multiplied by eight. Founder David Avino: 'Now is the time to run, with new investors'.
In the 'careers' section, the many pages to scroll through already say a lot. A quick glance at Argotec's site gives an immediate picture of the growth path of the Turin-based space company, which is currently on the market with almost seventy open positions, having, moreover, expanded its perimeter by more than 100 last year.
A start-up Argotec has not been one for a long time, bearing in mind its birthplace dating back to 2008. But technically it is now no longer even classifiable as an SME, and not just because it has soared past the 250-employee threshold. The 2025 revenues, which jumped 60% to EUR 57 million, obviously the highest ever, also testify to the turnaround in economic terms. From 2020, revenues have multiplied by ten, while Ebitda has now reached 28%, over 16 million euros, testifying to the solidity, also financial, of the business model activated, which is expected to reach 100 million euros this year.
"This year we will be present in some twenty launches,' explains founder David Avino, 'and the orders already confirmed almost entirely cover the revenue target. We actually have further margins for growth, bearing in mind that we are currently working on just one shift, with the possibility of increasing to two or even three'.
The turning point is actually here, in the grounding of the new production plant in San Mauro Torinese, a maxi-investment that has enabled the company to go from a 'craft' output of one to two satellites a year to assembly lines that can potentially churn out one a week.
"An industrial investment," explains the entrepreneur, "which also allows us to manage all the main subsystems in-house: to simplify a lot, we can say that aluminium enters the plant and satellites leave. And customers choose us also for this, for our ability, demonstrated in practice, to be able to manage the entire process while respecting the required quality and delivery times".
