The Breganze-based company closes the 2020 budget with a turnover of more than 49 million euros, consolidating the growth trend of recent years, even in the annus horribilis of the global economy.
In the setting of the prestigious Palladium Hall Of Palazzo Bonin Longare, headquarters of the Industrial Association of Vicenza today, the presentation of Faresin Industries’ Annual Report 2020 was held. An important event that sees the Breganzese company share the results of the last financial year with the financial community and Stakeholders.
The FY2020 results were only marginally affected by the spread of the pandemic, recording a 1.84 percent decline in revenues from the previous year. FY2020 EBITDA stood at 12.0 percent of revenues, up from 10.3 percent in the previous year, mainly due to cost containment.
The numbers confirm the validity of the path taken to establish the brand through business integration and the Customer Centric approach, cornerstones of the “family Business” philosophy that guides Faresin strategies.
” Faresin Industries ‘ structural growth continues in terms of industrial capacity and market presence,” comments President Sante Faresin. – A growth driven by sustainable innovation, as demonstrated by the international success of our full-electric lift, the first in the world to be industrialized and commercialized. In the next eight years we will invest another 50 million euros in R&D and industrial processes with the goal of doubling production with an increasingly eco-sustainable product offering. “
The key factor that gives solidity to growth is the Faresin industrial system involving Marketing-commercial, R&D and Operations in a single integrated process characterized by shared goals and a short and flexible decision-making line.
In addition, Faresin Industries has continued to push hard on a key component of growth: digital transformation, aimed at simplifying processes and raising the technological profile of the customer relationship.
In this very special year, the corporate team was another strategic success factor, starting with the collective and responsible response to the health emergency that ensured continuity of production and managed supply chain difficulties. At the same time, great importance was placed on the constant growth of skills, materializing a range of qualifying training courses that touched the entire organization: employees, sales network and partners.
Although 2020 was a difficult year for the world economy, the achievements open a positive outlook on the future, thanks to the structural strength and responsiveness that Faresin Industries has demonstrated in the face of difficult as well as unexpected challenges.
