Ferrarini, solid balance sheet after reorganisation: turnover at 197 million (+7.6%)

Despite the uncertainty over cost trends caused by the blockade of the Strait of Hormuz, the picture of Ferrarini's future outlined to Il Sole 24 Ore by ad Daniela Filipaz remains optimistic. "At least for now the crisis has had a limited impact on our business," she says, "and sales have not suffered any particular downturn, although the decline in household purchasing power is a cause for concern. From the energy point of view, we have invested in efficiency plants in the Lesignano de' Bagni plant and in renewable energy sources in the Casatenovo plant. This allows us to contain the impact of energy increases'.

For the future, however, the estimates are positive and are based on the solid foundations emerging from the first financial statements approved after the final approval of the arrangement with creditors last autumn (the proceedings had begun in 2018), at the same time as the entry of Amco (a company belonging to the Ministry of Finance) with 20% of the company shares.

Instead, 80% is in the hands of the Pini Group, which has just approved a 1.7 billion consolidated balance sheet with 60 million Ebitda.

In the year of its seventieth anniversary, Ferrarini approved a financial year with a turnover of 197 million (+7.6%), an Ebitda of 13.4 million - "with a marginality of 7% above the sector average", underlines the CEO - and a pre-tax profit of 3.4 million. It thus reversed the sign compared to the previous year's results (-7.7 million) and certified a full return to industrial profitability thanks to a 13.3 million improvement in production costs.

"These are the results of virtuous management over the last seven years. Excluding extraordinary items related to the arrangement, the balance sheets have always shown a profit. In 2024 the loss came from write-downs,' Filipaz points out, 'and we are happy to have fulfilledpayments of over 20 million to preferential creditors and the payment of back wages to employees two months ahead of schedule.