Maurizio Marchesini will become CEO of the Marchesini Group from 12 July. He currently holds the position of President. He succeeds Pietro Cassani, who is stepping down from the position.
The Marchesini family and the entire management team of the Group would like to thank Pietro Cassani for the important work he has done during these eight years of fruitful co-operation. During this time, the Marchesini Group strengthened its presence on the international market despite the pandemic and a complex global geopolitical situation characterised by increasing instability. The consolidated annual financial statements for 2023 approved by the shareholders' meeting show an increase in revenue and income to 600 million euros, which corresponds to growth of +15 per cent compared to the previous financial year.
Thanks to the strategies pursued by the Group, the increase in sales led to higher profit margins, both in absolute terms and as a percentage, which was favoured by a more favourable sales mix. Specifically, EBITDA rose from 113.4 to 137.0 million euros (+21 per cent). Net profit reached EUR 70.6 million, which corresponds to an increase of 17.6 per cent compared to 2022. The net equity of 592 million euros (an increase of 61 million euros) and the positive net financial position of 44 million euros underline the financial solidity of the Marchesini Group. In recent months, the Group has New branches in South America and Asia and thus further expanded its presence in over 116 countries worldwide.
Production will remain entirely in Italy, with the plants in Tuscany, Lombardy and Emilia-Romagna being expanded. As CEO, President Maurizio Marchesini will lead the company through the coming challenges of the industry with the valuable support of the Board of Directors and the Group's almost 3,000 employees.
„We will continue to invest in technological innovation and internationalisation and currently 87% of our revenue comes from exports. We look to the future with enthusiasm, guided by the values that have always characterised us and which are rooted in a deep connection with the country where it all began fifty years ago.“
Maurizio Marchesini, President of the Marchesini Group
Source: Marchesini Group
