Overseas markets drive Rimadesio’s revenue in the first half of the year
The Giussano-based company has posted a turnover of €49.3 million for the first six months (+6) and is investing to double the size of its headquarters and factory
A special year in every respect: so special that not even the war in Iran – and consequently the crisis in the Middle East – has slowed down Rimadesio, the design and furniture company founded exactly 70 years ago in Giussano, in Brianza, by Francesco Malberti and Luigi Riboldi under the name RiMa.
In fact, the Middle East is one of the regions that has seen the strongest growth in the first half of this year, helping to drive record revenue of 49.3 million euros – up 6 per cent on the same period last year.
The international drive
The company confirms that growth is being driven primarily by international markets, with exports up by 9 per cent, now accounting for over 70 per cent of total sales. The Italian market remains stable at the levels seen in recent years, bucking the industry trend, which points to a slowdown in industrial production by 2026.
As mentioned, growth is driven primarily by the Gulf states – notably the United Arab Emirates, Qatar and Kuwait – as well as the United Kingdom and Ireland. The US market is also performing well, driven by the company’s directly managed flagship stores in New York and Miami, as is the Japanese market. Development is also continuing in markets where Rimadesio has a long-established presence, such as China, Austria, France and Spain. Finally, whilst still accounting for a modest share of the overall business, emerging markets such as South Africa, Indonesia, Bulgaria and Nigeria are showing particularly encouraging growth rates, confirming the gradual expansion of the brand’s international presence.
These are encouraging results, therefore, which allow the company to look ahead to the second half of the year with cautious optimism. “The results for the first half of the year confirm the validity of the path we have taken in recent years,” comments CEO Davide Malberti. “The growth we are seeing is the result of a long-term strategy based on continuous investment in our distribution network, product innovation and service quality. We look to the second half of the year with confidence, aware that international expansion and the strengthening of our direct presence in the markets are key drivers for the company’s future growth.”
