Agricultural crisis, Maschio Gaspardo relaunches on hi-tech and non-EU markets
The Padua-based group looks to the US for M&A and accelerates to double the production capacity of its plant in India
3' min read
3' min read
Maschio Gaspardo closes 2024, a difficult year for the agricultural sector globally, with revenues down by about 18% on 2023, at 349.9 million. A contraction that the Group has however absorbed, maintaining an EBITDA of 41.32 million euro and a Net Result of 12.29 million. "Our choice," explained Mirco Maschio, President of Maschio Gaspardo, "was to maintain the level of investments envisaged in the industrial plan and bet on Research & Development, which absorbs 2% of our resources".
The year 2024 saw investments of EUR 11 million, aimed at improving production efficiency, developing new products and strengthening technological leadership. The interventions also included major industrial modernisation and digitalisation projects, which involved production plants and management software with 4.0 technologies.
In 2025 MASCHIO GASPARDO looks forward to expansion into markets outside the EU. One of the main projects concerns the construction of a new, modern production plant in India, which will double the production capacity in the country from the end of 2026.
With its headquarters and production plant in Campodarsego (PD), the Group has two thousand employees and eight production plants: five in Italy and one each in Romania, China and India. Eighty per cent of production is destined for foreign markets, but Italy remains the largest market by revenue. In the United States - which absorbs about 5% of production - Maschio Gaspardo is present with one of its 14 sales offices, and is evaluating, through the analysis of several M&A dossiers, the possibility of starting a local production.
"We have been thinking about this for a long time, well before the event related to duties," explains CEO Luigi De Puppi, "because America represents the first world market in this sector. To the crisis in the agricultural sector, which by definition is cyclical, Maschio Gaspardo responds by accelerating the Group's internationalisation and betting on research and development to guarantee increasingly innovative solutions on agricultural machinery.
