Today, Wednesday, June 22, 2022 Faresin Industries presented its Annual Report 2021 to the financial community at its regular annual meeting at the Hall of Honor of Palazzo Bonin Longare, headquarters of Confindustria Vicenza.
“We are very satisfied with our 2021 because we were able to confirm the development and growth trend of the last few years with +17.9% on sales and +27.6% on Ebitda. Net income is also on the rise, marking a +12.2% over 2020. – comments Sante Faresin, President of Faresin Industries – “A particularly important result because it was achieved in a year that was even more difficult than 2020, due to the concomitance of several structural issues that have put the supply chain in crisis and made the economic context in which we move fluid and unpredictable.”
These positive results are the result of Faresin Industries ‘ ability to make decisions quickly and analytically. In fact, the company, thanks to its compactness and flexibility, is in an ideal situation to face the economic situation, thanks to an industrial vision based on three pillars: DESIGN, INNOVATION and SUSTAINABILITY.
Compounding the high demand for machines globally, Faresin recorded +18.2 percent in terms of units sold, compared to 2020. A result achieved thanks to the quality of the product and the expansion of the sales network where two new branches were opened in strategic regions for European agriculture: one in Germany in Lower Saxony, the other in France in Normandy.
During the past fiscal year, Faresin Industries began to reap the first fruits of the major industrial investments and extensive inter-functional integration work that characterized the previous two years. The international launch of the new FS 7.32 Compact, the first born of the new generation of Faresin telehandlers, was a true case history in this regard, because it involved the entire company in an integrated effort.
Parallel to technological development, great emphasis has been placed on optimizing flows and digitizing industrial processes, always insisting on skill growth and resource motivation. Consistent with this approach of ours, Faresin Academy was born at the end of 2021, targeting not only employees but the entire Faresin”world”: dealers, international partners, suppliers and end customers.
In summary, Faresin Industries has demonstrated its ability to make the most of the opportunities that the economic situation is providing, despite objective difficulties. This is because Faresin ‘s real strength is having a plan for the future and firmly believing in it.
